Question
Solve for the unknown number of years in each of the following (Do not round intermediate calculations and round your answers to 2 decimal
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.): $ Present Value Years Interest Rate Future Value 640 10 % $ 1,886 890 11 2,349 19,200 16 292,799 22,300 13 337,837
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SOLUTION 1 Present Value 640 S Years Interest Rate 10 We know that the future value of the investment is 1886 and the interest rate is 10 To find the ...Get Instant Access to Expert-Tailored Solutions
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
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