Solve for the unknown variables in each of the four separate investment scenarios. Assume interest is compounded annually in each case. Round final answer to the nearest whole number or percentage point. Use a negative sign only for an amount related to PV. Investment 1 Investment 2 Investment 3 Investment 4 RATE Answer 7% 4% 6% NPER 4 Answer 12 10 PV $(14,500) $(63,800) Answer $(237,800) FV $23,200 $101,500 $52,200 Answer
Solve for the unknown variables in each of the four separate investment scenarios. Assume interest is compounded annually in each case. Round final answer to the nearest whole number or percentage point. Use a negative sign only for an amount related to PV. Investment 1 Investment 2 Investment 3 Investment 4 RATE Answer 7% 4% 6% NPER 4 Answer 12 10 PV $(14,500) $(63,800) Answer $(237,800) FV $23,200 $101,500 $52,200 Answer
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
Problem 1PS
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Solving for Unknown Variables for Different Investments
Solve for the unknown variables in each of the four separate investment scenarios. Assume interest is compounded annually in each case.
- Round final answer to the nearest whole number or percentage point.
- Use a negative sign only for an amount related to PV.
| Investment 1 | Investment 2 | Investment 3 | Investment 4 | |
|---|---|---|---|---|
| RATE | Answer
|
7% | 4% | 6% |
| NPER | 4 | Answer
|
12 | 10 |
| PV | $(14,500) | $(63,800) | Answer
|
$(237,800) |
| FV | $23,200 | $101,500 | $52,200 | Answer
|
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