#### Question Details

1) For each of the following, compute the present value (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): Present Value Years Interest Rate Interest Rate Interest Rate Future value Future value Future value $ 13 7 % $ 16,351 4 13 60,557 29 14 895,073 40 9 559,164 2) For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): Present Value Present Value Present Value Present Value Years Interest Rate Interest Rate Interest Rate Future Value $ 2,200 12 12 % $ 8,652 6 10 75,355 13 11 182,796 7 7 3) Solve for the unknown number of years in each of the following (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): Present Value Present Value Present Value Years Interest Rate Interest Rate Interest Rate Future Value Future Value Future Value $ 480 9 % $ 1,111 730 10 1,521 17,600 17 244,409 20,700 15 370,427 4) Solve for the unknown interest rate in each of the following (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): Present Value Present Value Present Value Present Value Years Interest Rate Future Value Future Value Future Value $ 170 3 % $ 196 290 17 732 32,000 18 124,723 31,261 20 226,140

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Finance Future Value

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DATE ANSWEREDDec 18, 2020

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