What is the future value in five years of $1,500 invested at an interest rate of 4.75%?
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Question:
| What is the future value in five years of $1,500 invested at an interest rate of 4.75%? | ||||||||||||
| What is the future value of a single payment with the following characteristics? | ||||||||||||
| PV | $950 | |||||||||||
| NPER | 6 | years | ||||||||||
| RATE | 5% | |||||||||||
| What is the present value of $62,000 in six years, if the relevant interest rate is 8.1%? | ||||||||||||
| What is the present value of a single payment with the following characteristics? | ||||||||||||
| NPER | 11 | years | ||||||||||
| RATE | 7% | |||||||||||
| FV | $10,000 | |||||||||||
| The present value of a payment is $4000. The future value of that payment in four years will be $4800. What is the annual rate of return? | ||||||||||||
| What is the annual rate of return of a single payment with the following characteristics? | ||||||||||||
| PV | $1,000 | |||||||||||
| NPER | 12 | years | ||||||||||
| FV | $10,000 | |||||||||||
Expert Answer:
Future Value FV PV x 1 rn Where FV Future Value PV Present Value r Annual rate of return interest ra... View the full answer
Related Book For 
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
