Question
In: Finance
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do...
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent.
-
An initial $600 compounded for 1 year at 6%.
$
-
An initial $600 compounded for 2 years at 6%.
$
-
The present value of $600 due in 1 year at a discount rate of 6%.
$
-
The present value of $600 due in 2 years at a discount rate of 6%.
$
Solutions
Expert Solution
Ans a: An initial $600 compounded for 1 year at 6%.
PV = 600
Time (N) = 01 Year
Rate (r) = 6% = 0.06
Value after 01 Year
FV = 636.00
Using Financial Calculator = FV( Rate = 6%, nper = 01, , PV = -600) [ PMT will be blank ]
= 636.00
Ans : Value = 636.00
Ans b: An initial $600 compounded for 2 years at 6%.
PV = 600
Time (N) = 02 Year
Rate (r) = 6% = 0.06
Value after 01 Year
FV = 674.16
Using Financial Calculator = FV( Rate = 6%, nper = 02, , PV = -600) [ PMT will be blank ]
= 674.16
Ans : Value = 674.16
Ans C: The present value of $600 due in 1 year at a discount rate of 6%.
FV = 600
Time (N) = 01 Year
Rate (r) = 6% = 0.06
Value after 01 Year
PV = 566.04
Using Financial Calculator =PV( Rate = 6%, nper = 01, , FV = -600) [ PMT will be blank ]
= 566.04
Ans : Value = 566.04
Ans D: The present value of $600 due in 2 years at a discount rate of 6%. $
FV = 600
Time (N) = 01 Year
Rate (r) = 6% = 0.06
Value after 02 Year
PV = 534.00
Using Financial Calculator =PV( Rate = 6%, nper = 02, , FV = -600) [ PMT will be blank ]
= 534.00
Ans : Value = 534.00
jeff jeffy answered 1 year agoRelated Solutions
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do...
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Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do...
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Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do...
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Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do...
Find the following values using the equations and then
a financial calculator. Compounding/discounting occurs annually. Do
not round intermediate calculations. Round your answers to the
nearest cent.
An initial $600 compounded for 1 year at 8%.
$
An initial $600 compounded for 2 years at 8%.
$
The present value of $600 due in 1 year at a discount rate of
8%.
$
The present value of $600 due in 2 years at a discount rate of
8%.
$
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do...
Find the following values using the equations and then
a financial calculator. Compounding/discounting occurs annually. Do
not round intermediate calculations. Round your answers to the
nearest cent.
An initial $600 compounded for 1 year at 3%.
$
An initial $600 compounded for 2 years at 3%.
$
The present value of $600 due in 1 year at a discount rate of
3%.
$
The present value of $600 due in 2 years at a discount rate of
3%.
$
A.) Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually....
A.)
Find the following values using the equations and then a
financial calculator. Compounding/discounting occurs annually. Do
not round intermediate calculations. Round your answers to the
nearest cent.
An initial $200 compounded for 1 year at 4%.
An initial $200 compounded for 2 years at 4%.
The present value of $200 due in 1 year at a discount rate of
4%.
The present value of $200 due in 2 years at a discount rate of
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An investment will...
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b. An initial $400 compounded for 10 years at 16%.
$
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a. An initial $200 compounded for 10 years at 7%.
$
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$
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