b. What is the investment's FV at rates of 0%, 4%, and 30% after 0, 1, 2, 3, 4, and 5 years? Round your answers to the nearest cent.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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a. Find the FV of $1,000 invested to earn 8% after 5 years. Round your
answer to the nearest cent.
b. What is the investment's FV at rates of 0%, 4%, and 30% after 0, 1, 2,
3, 4, and 5 years? Round your answers to the nearest cent.
Year
0
1
2
1469.32
4
5
Մ
S
S
S
S
$
0%
$
$
$
$
$
$
LA
Interest Rate
4%
ŁA
LA
30%
Choose the correct graph of future value as a function of time and rate.
Note: blue line is for 0%, orange line is for 4%, and grey line is for 30%.
Transcribed Image Text:a. Find the FV of $1,000 invested to earn 8% after 5 years. Round your answer to the nearest cent. b. What is the investment's FV at rates of 0%, 4%, and 30% after 0, 1, 2, 3, 4, and 5 years? Round your answers to the nearest cent. Year 0 1 2 1469.32 4 5 Մ S S S S $ 0% $ $ $ $ $ $ LA Interest Rate 4% ŁA LA 30% Choose the correct graph of future value as a function of time and rate. Note: blue line is for 0%, orange line is for 4%, and grey line is for 30%.
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