Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years S 300 1,991 32,905 32,600 Interest Rate 10 % 8 13 20 Future Value $ 1,155 3,750 387,620 199,724arrow_forwardFor each case, provide the missing information. Assume payments occur at the end of each period. (Use the present value and future value tables, the formula method, financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places X.XXXXX. Round all final answers to the nearest cent, $X.XX, and round the loan maturity date to the nearest whole year.) (Click the icon to view the cases.) Future Value of $1 table Future Value of an Ordinary Annuity table Future Value of an Annuity Due table Cases Amount borrowed Interest rate Number of periodic payments per year Maturity (in years) Periodic payment (1) (a) 4% 4 10 $ 10,354.90 (2) $ 675,000 $ 4% 2 10 (b) S CO (3) 456,000 6 % 1 (c) 81.685.59 (4) $ 750.000 12 % T (d) I Xarrow_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 $ 2,350 10,053 105,305 243,382 Years Carne p 7 20 14 30 10 333 E MA Interest Rate 23232 HOS: ploping 201 18 % 10 % 11 % 3% Future Valuearrow_forward
- For each of the following, compute the present value: (Do not round intermediate 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 $ 18,128 42,317 798,382 655,816arrow_forwardFor each of the following, compute the present value: (Do no calculations and round your answers to 2 decimal places, e.g., 32 Present Value Years 10 2 14 19 Interest Rate 6% 11 4.3 14 13 Future Value $ 18,728 42,917 804,382 661,816arrow_forwardSolve for the unknown interest rate in each of the following (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.):arrow_forward
- Compute the future values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period: (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Payment $ 183 5,155 75,084 167,932 Years 13 8 5 9 Interest Rate (Annual) 12% 11 13 4 Future Value (Payment made on last day of period) 4 Future Value (Payment made on first day of period)arrow_forwardH5.arrow_forwardFor each of the following, compute the present value: (Do not round Intermediate calculations and round your final answers to 2 decimal places.) 16 Present Value Years 3 Interest Rate 10 Future Value $ 14,451 41,557 876,073 540,164arrow_forward
- Q. 4arrow_forwardComplete the following using compound future value. (Use the Table provided.) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Time Principal Rate Compounded Amount Interest 7 years $4 16,600 8% Quarterly cerarrow_forwardFor each of the following, compute the future value (Do not round intermediate calculations and round your answers to 2 decimal places, e.g, 32.16.): Present Value Years Interest Rate Future Value 2,328 11 13 % 7.513 74,381 14 12 192.050 16arrow_forward
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