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 % 219,380

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Q: None

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Q: 1. Calculate the future value of $500 deposited today at a fixed rate of interest equal to 3.5% per…

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A: Present valueInterest rateFuture value$5708%$1,293$82012%$2,173$18,50018%$343,880$21,60014%$363,176

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