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LO 2 3. Calculating Present Values For each of the following, compute the present value: Present Value Years Interest Rate Future Value 15 8 13

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LO 2 3. Calculating Present Values For each of the following, compute the present value: Present Value Years Interest Rate Future Value 15 8 13 25 7% 11 10 13 $ 19,415 47,382 312,176 629,381 LO 3 4. Calculating Interest Rates Solve for the unknown interest rate in each of the following: Present Value Years Interest Rate Future Value $ 715 905 15,000 70,300 9 12 26 15 $ 1.381 1,718 141,832 312,815 LO 4 5. Calculating the Number of Periods Solve for the unknown number of years in each of the following: Present Value Years Interest Rate Future Value $ 195 2,105 47,800 38,650 8% 11 10 15 $ 873 3,500 326,500 213,380

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