stimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following table for an ordinary annuity stream: E Number of Annual Annuity Present Value Payments or Years Future Value Interest Rate % (Round to two decimal places.) % (Round to two decimal places.) % (Round to two decimal places.) 10 $0.00 $620.00 $2,288.24 20 $25,543.74 $397.86 $0.00 30 $0.00 $2,147.54 $41,000.00 90 % (Round to two decimal places.) $2,041,698.87 $650.00 $0.00
stimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following table for an ordinary annuity stream: E Number of Annual Annuity Present Value Payments or Years Future Value Interest Rate % (Round to two decimal places.) % (Round to two decimal places.) % (Round to two decimal places.) 10 $0.00 $620.00 $2,288.24 20 $25,543.74 $397.86 $0.00 30 $0.00 $2,147.54 $41,000.00 90 % (Round to two decimal places.) $2,041,698.87 $650.00 $0.00
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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Transcribed Image Text:Estimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following table for an ordinary annuity stream:
Number of
Annual
Payments or
Future Value
Annuity
Present Value
Interest Rate
Years
|% (Round to two decimal places.)
% (Round to two decimal places.)
% (Round to two decimal places.)
10
$0.00
$620.00
$2,288.24
20
$25,543.74
$397.86
$0.00
30
$0.00
$2,147.54
$41,000.00
90
% (Round to two decimal places.)
$2,041,698.87
$650.00
$0.00
Transcribed Image Text:i Data Table
(Click on the following icon 9 in order to copy its contents into a spreadsheet.)
Number of
Annual
Payments or
Future Value
Annuity
Present Value
Interest Rate
Years
10
$0.00
$620.00
$2,288.24
20
?
$25,543.74
$397.86
$0.00
30
$0.00
$2,147.54
$41,000.00
90
$2,041,698.87
$650.00
$0.00
8886
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Step 1: Calculation of interest rate when no. of payments or years is 10
VIEWStep 2: Calculation of interest rate when no. of payments or years is 20
VIEWStep 3:Calculation of interest rate when no. of payments or years is 30
VIEWStep 4:Calculation of interest rate when no. of payments or years is 90
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