c. Find the PV of $1,000 due in 6 years if the discount rate is 8%....

 

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c. Find the PV of $1,000 due in 6 years if the discount rate is 8%. Round your answer to the nearest cent. $ d. A security has a cost of $1,000 and will return $3,000 after 6 years. What rate of return does the security provide? Round your answer to two decimal places. % e. Suppose California's population is 36.6 million people, and its population is expected to grow by 2% annually. How long will it take for the population to double? Round your answer to the nearest whole number. years f. Find the PV of an ordinary annuity that pays $1,000 each of the next 6 years if the interest rate is 11%. Then find the FV of that same annuity. Round your answers to the nearest cent. PV of ordinary annuity: $ FV of ordinary annuity: $ c. Find the PV of $1,000 due in 6 years if the discount rate is 8%. Round your answer to the nearest cent. $ d. A security has a cost of $1,000 and will return $3,000 after 6 years. What rate of return does the security provide? Round your answer to two decimal places. % e. Suppose California's population is 36.6 million people, and its population is expected to grow by 2% annually. How long will it take for the population to double? Round your answer to the nearest whole number. years f. Find the PV of an ordinary annuity that pays $1,000 each of the next 6 years if the interest rate is 11%. Then find the FV of that same annuity. Round your answers to the nearest cent. PV of ordinary annuity: $ FV of ordinary annuity: $

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c To find the present value PV of 1000 due in 6 years with a discount rate of 8 we can use the formu... View the full answer