Interest rates or discount rates. Fill in the interest rates for the following table using one of the three methods below: a. Use the interest rate formula, r=FVPV1n−1. b. Use the TVM keys from a calculator. c. Use the TVM function in a spreadsheet. Present Value Future Value Number of Periods Interest Rate $ 493.61 $ 1,902.61 20 ? $17,077.77 $228,416.84 32 ? $34,251.51 $ 63,755.61 24 ? $26,813.61 $212,279.67 10 ? Present Value Future Value Number of Periods Interest Rate $ 493.61 $ 1,902.61 20 nothing% (Round to two decimal places.) $17,077.77 $228,416.84 32 nothing% (Round to two decimal places.) $34,251.51 $ 63,755.61 24 nothing% (Round to two decimal places.) $26,813.61 $212,279.67 10 nothing% (Round to two decimal places.)
Interest rates or discount rates. Fill in the interest rates for the following table using one of the three methods below: a. Use the interest rate formula, r=FVPV1n−1. b. Use the TVM keys from a calculator. c. Use the TVM function in a spreadsheet. Present Value Future Value Number of Periods Interest Rate $ 493.61 $ 1,902.61 20 ? $17,077.77 $228,416.84 32 ? $34,251.51 $ 63,755.61 24 ? $26,813.61 $212,279.67 10 ? Present Value Future Value Number of Periods Interest Rate $ 493.61 $ 1,902.61 20 nothing% (Round to two decimal places.) $17,077.77 $228,416.84 32 nothing% (Round to two decimal places.) $34,251.51 $ 63,755.61 24 nothing% (Round to two decimal places.) $26,813.61 $212,279.67 10 nothing% (Round to two decimal places.)
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
Related questions
Question
Interest rates or discount
rates.
Fill in the interest rates for the following table using one of the three methods below:a. Use the interest rate formula,
r=FVPV1n−1.
b. Use the TVM keys from a calculator.
c. Use the TVM function in a spreadsheet.
|
Present Value
|
|
Number of Periods
|
Interest Rate
|
|
|
$ 493.61
|
$ 1,902.61
|
20
|
?
|
|
|
$17,077.77
|
$228,416.84
|
32
|
?
|
|
|
$34,251.51
|
$ 63,755.61
|
24
|
?
|
|
|
$26,813.61
|
$212,279.67
|
10
|
?
|
|
Present Value
|
Future Value
|
Number of Periods
|
Interest Rate
|
|
|
$ 493.61
|
$ 1,902.61
|
20
|
nothing%
(Round to two decimal places.) |
|
|
$17,077.77
|
$228,416.84
|
32
|
nothing%
(Round to two decimal places.) |
|
|
$34,251.51
|
$ 63,755.61
|
24
|
nothing%
(Round to two decimal places.) |
|
|
$26,813.61
|
$212,279.67
|
10
|
nothing%
(Round to two decimal places.) |
Expert Solution
Step 1
Interest Rate can be calculated using excel function when number of periods, Present value and future value is available
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