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For each of the following situations (A-E), compute the missing item: PRESENT VALUE YEARS INTEREST RATE FREQUENCY FUTURE VALUE A ?? 10 6.0 1 $$23000
For each of the following situations (A-E), compute the missing item:
PRESENT VALUE | YEARS | INTEREST RATE | FREQUENCY | FUTURE VALUE | |
A | ?? | 10 | 6.0 | 1 | $$23000 |
B | $$160000 | 14 | 10.0% | 4 | ?? |
C | $$13600 | 8 | ?? | 4 | $$24643.52 |
D | $$5900 | ?? | 7.5% | 12 | $$9240.09 |
E | $$2100 | 8 | 16.5% | ?? | $$7790.81 |
Note: Compounding frequency is 1 for annual; 4 for quarterly and 12 for monthly.
A) Present Value: $$. (Round to the nearest dollar.)
B) Future Value: $$. (Round to the nearest dollar.)
C) Interest rate per year: % (2 decimals)
D) Time: (in years, 2 decimals)
E) Compounding frequency: (times per year)
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