nterestUse I = PRT to solve.(time is in years)| = $300P = $3,000T= 0.5 years%3DFind R.[?]%%3D(Give your answer as a percent.)Enterlus Corporation. All Rights Reserved.

A method of computing interest amounts in which the compounding effect was not considered by the…

Answered: Use l = PRT to solve. (time is in…

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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Good afternoon, Could you please explain why the future value factor is 100. I understand why the percentage is 9.65 When I put in my calculator (1+r)^50= 100, it doesn't come out to 100. What does future value factor mean? From my understanding I should only be concerned with figuring out what the percentage rate was which is 9.65. Thank you
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Use l = PRT to solve. (time is in years) %3D | = $300 P = $3,000 T = 0.5 years %3D Find R. [P]% %3D (Give your answer as a percent.) Enter