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2.Calculating Future ValuesFor each of the following, compute the future value: Present Value Years Interest Rate Future Value $2,960 7 13% ? 7,846 16 7
2.Calculating Future ValuesFor each of the following, compute the future value:
Present Value Years Interest Rate Future Value
$2,960 | 7 | 13% | ? |
7,846 | 16 | 7 | ? |
85,381 | 19 | 9 | ? |
221,614 | 26 | 5 | ? |
3.Calculating Present ValuesFor each of the following, compute the present value
PV Years Interest Rate Future Value
? | 15 | 7% | $19,415 |
? | 8 | 11 | 47,382 |
? | 13 | 10 | 312,176 |
? | 25 | 13 | 629,381 |
4.Calculating Interest RatesSolve for the unknown interest rate in each of the following:
Present Value Years Interest Rate Future Value
$715 | 9 | ? | $1,381 |
905 | 12 | ? | 1,718 |
15,000 | 26 | ? | 141,832 |
70,300 | 15 | ? | 312,815 |
5.Calculating the Number of PeriodsSolve for the unknown number of years in each of the following:
Present Value Years Interest Rate Future Value
$195 | ? | 8% | $873 |
2,105 | ? | 11 | 3,500 |
47,800 | ? | 10 | 326,500 |
38,650 | ? | 15 | 213,380 |
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