Required: Solve for the unknown number of years in each of the following: (Round your answers to 2 decimal places.) Present Years Discount Rate Future Value Value $ 5,600 9% $ 12,840 8,100 10 % 43,410 184,000 17 % 3,645,180 215,000 15 % 1,734,390

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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Required:
Solve for the unknown number of years in each of the following: (Round
your answers to 2 decimal places.)
Present
Years
Discount Rate
Future Value
Value
$
5,600
9 %
$
12,840
8,100
10 %
43,410
184,000
17 %
3,645,180
215,000
15 %
1,734,390
Transcribed Image Text:Required: Solve for the unknown number of years in each of the following: (Round your answers to 2 decimal places.) Present Years Discount Rate Future Value Value $ 5,600 9 % $ 12,840 8,100 10 % 43,410 184,000 17 % 3,645,180 215,000 15 % 1,734,390
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