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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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