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For each of the following situations (A-E), compute the missing item: A B PRESENT VALUE YEARS INTEREST RATE FREQUENCY FUTURE VALUE ? 13 7.0% 1
For each of the following situations (A-E), compute the missing item: A B PRESENT VALUE YEARS INTEREST RATE FREQUENCY FUTURE VALUE ? 13 7.0% 1 $30000 $160000 18 11.0% 4 ? $15100 4 ? 4 $21389.04 $5100 ? 10.5% 12 $9549.61 $2400 6 15.5% ? $5697.75 D 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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