Solve for the unknown number of years in each of the following: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Present Value Years $ 610 $ 940 $ 26,350 $ 43,500 Interest Rate Future Value 7% $ 1,389 8% $ 1,821 9% $ 289,715 11 % $ 430,258

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Am. 106.

Solve for the unknown number of years in each of the following:
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Present Value
Years
$
610
$
940
$
26,350
$
43,500
Interest Rate
Future Value
7%
$
1,389
8%
$
1,821
9%
$
289,715
11 %
$
430,258
Transcribed Image Text:Solve for the unknown number of years in each of the following: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Present Value Years $ 610 $ 940 $ 26,350 $ 43,500 Interest Rate Future Value 7% $ 1,389 8% $ 1,821 9% $ 289,715 11 % $ 430,258
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