An investment will pay $16925 in 16 years. If the interest rate is 14.45%, how much is

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An investment will pay $16925 in 16 years. If the interest rate is 14.45%, how much is it worth today? (Round to 2 decimal places.)

An investment will pay you $4716.13 in 5 years if you pay $2354.01 today. What is the implied rate of return? (Convert to a percent. Round to 2 decimal places.)

This problem set includes questions that you will be required to solve:

1. rate (r)

2. time (t)

3. PV of a lump sum

4. FV of a lump sum

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Feb 09, 2023 02:31 AM

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An investment will pay $16925 in 16 years. If the interest rate is 14.45%, how much is

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PV Present Value of a Lump Sum The formula to calculate the present value of ... View the full answer

Microeconomics An Intuitive Approach with Calculus

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