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Just answer letter c and d. c. Find the PV of $1,000 due in 5 years if the discount rate is 12%. Round your answer
Just answer letter c and d.
c. Find the PV of $1,000 due in 5 years if the discount rate is 12%. Round your answer to the nearest cent. 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. % e. Suppose California's population is 37.2 million people, and its population is expected to grow by 2% annually. How long will it take for the population to double? Round your answer to the nearest whole number. years f. Find the PV of an ordinary annuity that pays $1,000 each of the next 5 years if the interest rate is 17%. Then find the FV of that same annuity. Round your answers to the nearest cent. PV of ordinary annuity: $ FV of ordinary annuity: $ g. How will the PV and FV of the annuity in part f change if it is an annuity due rather than an ordinary annuity? Round your answers to the nearest cent. PV of annuity due: $ FV of annuity due: $ h. What will the FV and the PV for parts a and cbe if the interest rate is 12% with semiannual compounding rather than 12% with annual compounding? Round your answers to the nearest cent. FV with semiannual compounding: $Step by Step Solution
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