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Present Value Years Interest Rate Future Value $3,150 6 13% 6558.148021 $8,453 19 7% 30570.50725 $89,305 13 9% 273791.6809 $227,382 21 5% 633477.7457 Chapter 4
Present Value | Years | Interest Rate | Future Value |
$3,150 | 6 | 13% | 6558.148021 |
$8,453 | 19 | 7% | 30570.50725 |
$89,305 | 13 | 9% | 273791.6809 |
$227,382 | 21 | 5% | 633477.7457 |
Chapter 4 Problem 3 | |||
Present Value | Years | Intrest Rate | Future Value |
15 | 4% | $1,381 | |
8 | 9% | $1,718 | |
13 | 12% | $141,832 | |
25 | 11% | $312,815 | |
Chapter 4 Problem 4 | |||
Present Value | Years | Interest Rate | Future Value |
$715 | 9 | $1,381 | |
$905 | 6 | $1,718 | |
$15,000 | 21 | $141,832 | |
$70,300 | 18 | $312,815 | |
Chapter 4 Problem 5 | |||
Present Value | Years | Interest Rate | Future Value |
$195 | 9% | $1,105 | |
$2,105 | 7% | $3,700 | |
$47,800 | 12% | $387,120 | |
$38,650 | 19% | $198,212 | |
Chapter 4 Problem 6 | |||
Calculate the rates of return. Assume the total of a college education will be $280,000 when your child enters college in 18 years. You presently have $45,000 to invest. What annual rate of interst must you earn on your investment to cover the cost of your childs college education? |
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