Question
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
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 |
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