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1)Calculating Future Values. For each of the following, compute the future value: 2) Calculating Present Values. For each of the following, compute the present value:
1)Calculating Future Values. For each of the following, compute the future value: 2)Calculating Present Values. For each of the following, compute the present value:
3)Calculating Interest Rates. Solve for the unknown interest rate in each of the following:
4) Calculating the Number of Periods. Solve for the unknown number of years in each of the following:
Present Value Years Interest Rate Future Value $ 2,328 11 13% 7,513 7 9 74,381 14 12 192,050 16 6 Present Value Years Interest Rate Future Value 13 9% $ 16,832 4 7 48,318 29 13 886,073 40 21 550,164 Present Value Years Interest Rate Future Value $ 181 5 $ 317 335 17 1,080 48,000 13 185,382 40,353 30 531,618 Present Value Years Interest Rate Future Value $ 560 7% $ 1,389 810 8 1,821 18,400 9 289,715 21,500 11 430,258Step by Step Solution
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