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3, A, For each of the following, compute the future value: Present Value Years Interest Rate Future Value $2,600 7 17% $9,553 20 9% $100,305

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3,

A, For each of the following, compute the future value:

Present Value

Years

Interest Rate

Future Value

$2,600

7

17%

$9,553

20

9%

$100,305

14

10%

$238,382

30

4%

B, For each of the following, compute the present value:

Present Value

Years

Interest Rate

Future Value

9

7%

$18,428

1

12%

$42,617

13

15%

$801,382

18

14%

$658,816

C, For each of the following, compute the interest rate:

Present Value

Years

Interest Rate

Future Value

$750

5

$1,451

$940

6

$1,788

$18,500

17

$145,332

$73,800

20

$319,815

D, For each of the following, compute the number of years:

Present Value

Years

Interest Rate

Future Value

$1,100

11%

$1,955

$2,791

9%

$4,550

$34,505

14%

$395,620

3, A, For each of the following, compute the future value: Years Interest Rate Future Value 7 Present Value $2,600 $9,553 $100,305 $238,382 20 14 30 17% 9% 10% 4% B, For each of the following, compute the present value: Present Value Years 9 Interest Rate 7% 12% 15% 14% Future Value $18,428 $42,617 $801,382 $658,816 13 18 C, For each of the following, compute the interest rate: Years Interest Rate Present Value $750 $940 $18,500 $73,800 5 6 17 20 Future Value $1,451 $1,788 $145,332 $319,815 D, For each of the following, compute the number of years: Years Interest Rate Present Value $1,100 $2,791 $34,505 $34,200 11% 9% 14% 21% Future Value $1,955 $4,550 $395,620 $223,916

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