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Compute the future value of a $100 cash flow for the same combinations of rates and times: (Round your answers to the nearest cent.) a.
Compute the future value of a $100 cash flow for the same combinations of rates and times: (Round your answers to the nearest cent.) a. r= 8%, t= 10 years FV b. r= 8%, t= 20 years c. r= 4%, t = 10 years d. r= 4%, t= 20 years You will require $700 in 5 years. If you earn 5% interest on your funds, how much will you need to invest today in order to reach your savings goal? (Round your answer to the nearest cent.) PV $ Find the interest rate implied by the following combinations of present and future values: (Round your answer to the nearest whole value.) Years 11 Interest Rate % a. b. Present Value $400 $183 $300 Future Value $684 $249 $300 4 C. 7
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