Question
Which of the following equations provide the correct value for F if the effective interest rate is 6%? (Select all that apply) Where F@ year
Which of the following equations provide the correct value for F if the effective interest rate is 6%? (Select all that apply)
Where F@ year 0 = 0, F@ year 1 = $500, F@ year 2 = $500, F@ year 3 = unknown, F@year 4 = 600, F@year5 = 600, F@year 6 = 800
F = $500*(F/A,6%,2)*(F/P,6%,1) + $600*(P/A,6%,3) + $200*(P/F,6%,3)
F = $500*(F/P,6%,2) + $500*(F/P,6%,1) + $600*(P/F,6%,1) + $600*(P/F,6%,2) + $800*(P/F,6%,3)
F = [$500*(P/F,6%,1) + $500*(P/F,6%,2) + $600*(P/F,6%,4) + $600*(P/F,6%,5) + $800*(P/F,6%,6)]*(F/P,6%,3)
F = $500*(P/A,6%,6)*(F/P,6%,3) + $100*(P/G,6%,3) + $100*(P/F,6%,1) + $100*(P/F,6%,3)
F = $500*(F/A,6%,2) + $600*(P/A,6%,2) + $800*(P/F,6%,3)
F = $500 + $500 - $600 - $600 - $800
F = [$500*(F/A,6%,6) + $100*(F/A,6%,3) + $200]*(P/F,6%,3) - $500
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started