What is the present value of $3,000 to be received 2 years from now, if the discount rate is: (a) 9%, (b) 13%, and (c) 25%? 1. Use the appropriate table (Appendix C: Table 1) to answer the above questions. 2. Use the formula shown at the bottom of Appendix C, Table 1, to answer the above questions. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Answer is complete but not entirely correct. Use the appropriate table (Appendix C: Table 1) to answer the above questions. (Round your answers to the nearest whole dollar amount.) Disssunt Dresent

Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $350 at 42% simple interest for 2 years $4 Need Help? Read It

Questions: 1. Using simple interest computations, find the future value of $3,620 at 2 38%/2 38% 2. Now, using compound interest computations, find the future value of $3,620 at 2 38%/2 38% Time Value of Money Solver). Show what you put into the calculator for your work. 3. Now, using compound interest computations, find the future value of $3,620 at 2 38%/2 38% Time Value of Money Solver). Show what you put into the calculator for your work. 4. Explain why the future values are different in questions 1-3. Explain who would benefit from more frequent compounding. Who would be at a disadvantage from more frequent compounding.

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