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Question 1: Question 2: Question 3: Problem 4-3 Calculating Present Values [LO 2] For each of the following, compute the present value: (Do not round
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Problem 4-3 Calculating Present Values [LO 2] For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 9 1 Interest Rate Future Value 6% $ 17,628 12 41,817 15 793,382 14 650,816 13 18 Problem 4-4 Calculating Interest Rates [LO 3] Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Years Interest Rate 4 Present Value $ 725 915 16,000 71,300 5 Future Value 1,401 1,738 142,832 314.815 16 19 Problem 4-5 Calculating the Number of Periods [LO 4] Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Years Present Value $ 600 2,291 33,505 33,200 Interest Rate Future Value 11 % $ 1,455 9 4,050 14 390,620 21 208,796Step by Step Solution
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