Question: i only need the answer thx 5-5: Findirig the Number of Years, N Time for a lump sum to double How Iong will it take


5-5: Findirig the Number of Years, N Time for a lump sum to double How Iong will it take $800 to double if it eams the following rates? Compounding occurs once a year. Round each answer to two decimal places. vear (s) b. 9% cicon. d. 10000. years Presint value What is the present value of a security that will pay $17,000 in 20 years if securitios of equal rigk pay 12% annually? Round your answer to the nearest cent. 5-3: Present values Present and future values for different periods: Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Round your answers to the nearest cent. a. An initial 3200 compounded for 1 year at 10%. b. An initial $200 compounded for 2 years at 10%. 5 c. The present value of $200 due in 1 year at a discount rate of 10%. d. The present value of $200 due in 2 years at a discount rate of 10%
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