Question
Solve for the unknown number of years: (Use two decimals, i.e. 32.16) PV: 3,590 FV: 21,073...
Solve for the unknown number of years: (Use two decimals, i.e. 32.16) PV: 3,590 FV: 21,073 Rate:15%
Homework Answers
Answer #1
We are given the following information:
| Value of account at time 0 | PV | $ 3,590.00 |
| rate of interest | r | 15.00% |
| number of years | n | To be calculated |
| Future value | FV | $ 21,073.00 |
We need to solve the following equation to arrive at the required n
Not the answer you're looking for?
Similar Questions
Find the PV & FV PV FV N (years) interest rate $30,000 5 0.05 $40,000 8...
Find the PV & FV
PV
FV
N (years)
interest rate
$30,000
5
0.05
$40,000
8
0.15
$40,000
9
0.075
FV
PV
N
(years)
interest
rate
$3,000
4
0.1
$50,000
8
0.6
$20,000
14
0.75
PV
FV
N
(years)
interest
rate
$25,000
6
0.025
$35,000
12
0.03
$45,000
15
0.05
FV
PV
N
(years)
interest
rate
$1,800
10
0.08
$2,600
6
0.04
$3,500
8
0.06
PV = PV is the present value that will amount to FV dollars in n years...
PV = PV is the present value that will
amount to FV dollars in n years at interest rate r compounded
annually.
How to explain FV and PV to easy to understand? Also, how would
the graph of this equation look?
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 $400, $2091, $33105,
$32800 Interest Rate 12%, 10%, 15%, 22% Future Value $1255, $3850,
$388620, $202748
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
$640
10%
$1,886
$890
11%
$2,349
$19,200
16%
$292,799
$22,300
13%
$337,837
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
$
530
8
%
$
1,166
780
12
1,975
18,100
18
314,892
21,200
14
338,250
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
$570
8%
$1,293
820
12
2173
18500
18
343880
21600
14
363176
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
$
750
9
%
$
1,605
2,441
7
4,200
33,805
12
392,120
33,500
19
213,332
Solve for the unknown number of years in each of the following: Present Value Years Interest...
Solve for the unknown number of years in each of the
following:
Present Value
Years
Interest Rate(%)
Future Value
500
8
1,075
750
12
1,836
17800
18
294,671
20900
14
320,610
In sheet “growing annuity”, fill out PV and FV of in “Annuity in Advance” part, both...
In sheet “growing annuity”, fill out PV and FV of in “Annuity in
Advance” part, both Tables and Formulas.
Given annual saving, length of investment, and annual interest
rate, and saving growth rate, calculate the PV and FV of this
growing annuity, if the growing annuity is in arrears, or in
advance. Calculate the results using both year-by-year sum and
function.
Annual saving
$1,000
Number of years
10
Annaul Interest rate
8.00%
Annual saving Growth rate
4.00%
Find the FV of $10,000 33 years in the future if the opportunity cost rate is...
Find the FV of $10,000 33 years in the future if the opportunity
cost rate is 8% (use Excel formulas and basic PV/FV techniques).
Please show how to do in Excel along with formatting.
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 1 minute ago
asked 4 minutes ago
asked 7 minutes ago
asked 17 minutes ago
asked 18 minutes ago
asked 39 minutes ago
asked 40 minutes ago
asked 58 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago