Question: Hi I'm not sure what I am doing wrong, I think that I am doing simple interest and not compound, but I'm not sure what

Hi I'm not sure what I am doing wrong, I think thatI am doing simple interest and not compound, but I'm not surewhat is wrong please help! For each of the following, compute thefuture value: (Do not round intermediate calculations and round your answers toHi I'm not sure what I am doing wrong, I think that I am doing simple interest and not compound, but I'm not sure what is wrong please help!

For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 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.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!