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

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
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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
Transcribed Image Text: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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