Complete the following using present value. (Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) Amount desired at end of period: $17,600 Lenght of time: 7 years Rate: 12% Compounded: Quartely Period used: _____________ ? Rate used:_______________% ? PV factor used: __________________ ? PV of amount desired at the end of period ______________ ?
Complete the following using present value. (Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) Amount desired at end of period: $17,600 Lenght of time: 7 years Rate: 12% Compounded: Quartely Period used: _____________ ? Rate used:_______________% ? PV factor used: __________________ ? PV of amount desired at the end of period ______________ ?
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
Problem 1PS
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Complete the following using present value. (Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.)
Amount desired at end of period: $17,600
Lenght of time: 7 years
Rate: 12%
Compounded: Quartely
Period used: _____________ ?
Rate used:_______________% ?
PV factor used: __________________ ?
PV of amount desired at the end of period ______________ ?
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