Question
In: Finance
Solve for the unknown number of years in each of the following (Enter rounded answers as...
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Solve for the unknown number of years in each of the following (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16)): |
| Present Value | Years | Interest Rate | Future Value | |||||||||||
| $ | 195 | 9 | % | $ | 1,105 | |||||||||
| 2,105 | 7 | 3,700 | ||||||||||||
| 47,800 | 12 | 387,120 | ||||||||||||
| 38,650 | 19 | 198,212 | ||||||||||||
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Solutions
Expert Solution
| Present value | Years | Interest rate | Future value |
| $ 195 | 20.13 | 9.00% | $ 1,105 |
| NPER(9%,0,-195,1105) | |||
| $ 2,105 | 8.34 | 7.00% | $ 3,700 |
| NPER(7%,0,-2105,3700) | |||
| $ 47,800 | 18.46 | 12.00% | $ 387,120 |
| NPER(12%,0,-47800,387120) | |||
| $ 38,650 | 9.40 | 19.00% | $ 198,212 |
| NPER(19%,0,-38650,198212) |
jeff jeffy answered 3 years agoRelated Solutions
Solve for the unknown interest rate in each of the following (Enter rounded answers as directed,...
Solve for the unknown interest rate in each of the following
(Enter rounded answers as directed, but do not use rounded numbers
in intermediate calculations. Enter your answer as a percent
rounded to 2 decimal places (e.g., 32.16)):
Present Value
Years
Interest Rate
Future Value
$780
7
$1,511
970
8
1,848
21500
19
148,332
76800
22
325,815
Solve for the unknown number of years in each of the following
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 ValueYearsInterest RateFuture Value$5607%$1,38981081,82118,4009289,71521,50011430,258
Solve for the unknown number of years in each of the following: (Do not round intermediate...
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.) Present Value Years Interest Rate
Future Value $ 590 9 % $ 1,419 840 10 1,851 18,700 15 292,715
21,800 13 433,258
Solve for the unknown number of years in each of the following: (Do not round intermediate...
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
Interest Rate
Future Value
$
1,100
11
%
$
1,955
2,791
9
4,550
34,505
14
395,620
34,200
21
223,916
Solve for the unknown number of years in each of the following (Do not round intermediate...
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
Interest Rate %
Future Value
$600
8
1,393
$850
12
2,330
$18,800
18
367,247
$21,900
14
382,893
Solve for the unknown number of years in each of the following: (Do not round intermediate...
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
Interest Rate
Future Value
$1,000
9
%
$1,855
2,691
7
4,450
34,305
12
394,620
34,000
19
220,892
For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed,...
For each of the following annuities, calculate the annual cash
flow. (Enter rounded answers as directed, but do not use rounded
numbers in intermediate calculations. Round your answers to 2
decimal places (e.g., 32.16).) Cash Flow Present Value Interest
Rate Years $ $ 32,500 11 % 6 $ 29,800 9 8 $ 161,000 14 11 $ 232,500
13 18
For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed,...
For each of the following annuities, calculate the annual cash
flow. (Enter rounded answers as directed, but do not use rounded
numbers in intermediate calculations. Round your answers to 2
decimal places (e.g.,32.16).) Cash Flow Future Value Interest Rate
Years $ $ 25,450 4 % 8 $ 1,090,000 6 39 $ 928,000 7 25 $ 145,000 3
14
Solve for the unknown interest rate in each of the following:
Solve for the unknown interest rate in each of the following:
present value 190 years 4 future value 231
310 18 854
34000 19 148042
33261 25 412862
Solve for the unknown interest rate in each of the following Present Value Years Interest Rate...
Solve for the unknown interest rate in each of the following
Present Value
Years
Interest
Rate
Future Value
$
220
4
%
$
270
340
18
986
37,000
19
169,819
36,261
25
481,638
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