Question
c. Find the PV of $1,000 due in 5 years if the discount rate is 10%. Round your answer to the nearest cent. $ fill
c. Find the PV of $1,000 due in 5 years if the discount rate is 10%. Round your answer to the nearest cent.
$ fill in the blank 22
d. A security has a cost of $1,000 and will return $3,000 after 5 years. What rate of return does the security provide? Round your answer to two decimal places.
fill in the blank 23 %
e. Suppose California's population is 36.9 million people, and its population is expected to grow by 3% annually. How long will it take for the population to double? Round your answer to the nearest whole number.
fill in the blank 24 years
f. Find the PV of an ordinary annuity that pays $1,000 each of the next 5 years if the interest rate is 15%. Then find the FV of that same annuity. Round your answers to the nearest cent.
PV of ordinary annuity: $ fill in the blank FV of ordinary annuity fill in the blank
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