
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Compute the number of years (t) if
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- 3. Future value The principal of the time value of money is probably the single most important concept in financial management. One of the most frequently encountered applications involves the calculation of a future value. The process for converting present values into future values is called four time-value-of-money variables. Which of the following is not one of these variables? O The present value (PV) of the amount invested O The duration of the investment (N) O The interest rate (I) that could be earned by invested funds O The inflation rate indicating the change in average prices This process requires knowledge of the values of three ofarrow_forwardUse the future value formula to find the indicated value. n = 36; i = 0.05; PMT= $111; FV = ? FV=$ (Round to the nearest cent.)arrow_forwardSubstitute the value for the number of compounding periods. PMT =$96,500[(0.003267)/(1-(1+0.003267)^(-168))]arrow_forward
- Solve for the unknown number of years in each of the following: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. $ Present Value Years Interest Rate Future Value 950 8% $ 1,805 2,641 6% 4,400 34,205 11 % 394,120 33,900 18 % 219,380arrow_forwardNonearrow_forwardFor each of the following, compute the future value: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Present Value Years Interest Rate Future Value $ 2,400 6 17 % 9,953 19 9% 104,305 13 10 % 242,382 29 5%arrow_forward
- Interest rates or discount rates. Fill in the interest rates for the following table, , using one of the three methods below: FV a. Use the interest rate formula, r= PV - 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 529.63 5 1,884.87 20 6.55 % (Round to two decimal places.) $17 207.92 $223,893.69 40 % (Round to two decimal places.)arrow_forwardFor each of the following, compute the present value: (Do not round inte calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 12 4 16 21 Interest Rate 4 % 9 12 11 Future Value $ 18,528 42,717 802,382 659,816arrow_forwardFor each of the following, compute the present value: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Present Value Years 11 3 15 20 Interest Rate 5% 10 % 13 % 12 % Future Value $ 18,628 42,817 803,382 660,816arrow_forward
- Required: Solve for the unknown number of years in each of the following. (Round your answers to 2 decimal places (e.g., 32.16).)arrow_forwardPlease show work. Thank youarrow_forwardUse this formula to identify each item listed below ??=250((1+0.042512)12×15−1)÷(0.042512)FV=250((1+0.042512)12×15−1)÷(0.042512) payment compounded Interest rate timearrow_forward
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