Find the FV of $1,000 invested to earn 12% after 6 years. Round your answer to the nearest cent. What is the investment's FV at rates of 0%, 6%, and 20% after 0, 1, 2, 3, 4, and 5 years? Round your answers to the nearest cent. Interest Rate Year 0% 6% 20% 2$ 2$ 1 %2$ $ 2$ $ $ 24 24 %$4 $ $ hoose the correct graph of future value as a function of time and rate. Note: blue line is for 0%, orange line is for 6%, and grey line is for 20%. he correct graph is

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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100%
value of money
3
Year
15
7000
FV as Function of Time and Rate
6000
5000-
4000-
C.
3000-
2000-
1000
4
Year
7000-
FV as Function of Time and Rate
6000
5000
4000
D.
3000-
2000-
1000
Back
Autosaved at 11:36 AM
MacBook Air
80
000
000
DII
F2
F3
F4
F5
F6
F7
F8
$
8.
Future Value (S)
Future Value (S)
%24
Transcribed Image Text:value of money 3 Year 15 7000 FV as Function of Time and Rate 6000 5000- 4000- C. 3000- 2000- 1000 4 Year 7000- FV as Function of Time and Rate 6000 5000 4000 D. 3000- 2000- 1000 Back Autosaved at 11:36 AM MacBook Air 80 000 000 DII F2 F3 F4 F5 F6 F7 F8 $ 8. Future Value (S) Future Value (S) %24
a. Find the FV of $1,000 invested to earn 12% after 6 years. Round your answer to the nearest cent.
$4
b. What is the investment's FV at rates of 0%, 6%, and 20% after 0, 1, 2, 3, 4, and 5 years? Round your answers to the nearest cent.
Interest Rate
Year
0%
6%
20%
$4
$
$
2$
$
$
2
$
2$
$
2$
$
4
24
24
$
2$
24
Choose the correct graph of future value as a function of time and rate. Note: blue line is for 0%, orange line is for 6%, and grey line is for 20%.
The correct graph is
Transcribed Image Text:a. Find the FV of $1,000 invested to earn 12% after 6 years. Round your answer to the nearest cent. $4 b. What is the investment's FV at rates of 0%, 6%, and 20% after 0, 1, 2, 3, 4, and 5 years? Round your answers to the nearest cent. Interest Rate Year 0% 6% 20% $4 $ $ 2$ $ $ 2 $ 2$ $ 2$ $ 4 24 24 $ 2$ 24 Choose the correct graph of future value as a function of time and rate. Note: blue line is for 0%, orange line is for 6%, and grey line is for 20%. The correct graph is
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