Question: please answer it as soon as possible 27 + 28 S. A future value (FV) is a function of the number of years in investment,

please answer it as soon as possible 27 + 28 S.

please answer it as soon as possible

27 + 28 S. A future value (FV) is a function of the number of years in investment, interest rate and the amount of investment (or the present value, pv). Values of three variables are given in the table below. Solve for the unknown interest rate: 29 Present Value Years Interest Rate p.a. Future Value 80 $2422 307 31 32 1. 11.35% 2. 12.63% 3. 13.24% 4. 14.13% 5. None of the above 22

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!

On January 1, 2023, Gomez Company acquired 90 percent of Martin Companys outstanding stock for $720,000. The 10 percent noncontrolling interest had an assessed fair value of $80,000 on that date....

Your textbook (Fig. 13-1) shows the average annual return for different types of investment and also inflation.* Small company stocks 11.4% Large company stocks 9.4% Corporate bonds 5.7% Government...

Ken Francis is offered the possibility of investing $7,743 today; in return, he would receive $19,500 after 12 years. What is the annual rate of interest for this investment? (PV of $1, FV of $1, PVA...

Ken Francis is offered the possibility of investing $4,266 today; in return, he would receive $12,000 after 12 years. What is the annual rate of interest for this investment? (PV of $1. FV of $1. PVA...

A B $75,000.00 5.50% 5 7.75% 1 Turquoise Oasis Spa 2 Investment Analysis 3 4 Bond Details 5 Par Value 6 Coupon Rate 7 Maturity (in years) 8 Coupon Payment (annually) 9 Yield to Maturity (YTM) 10...

Hello. I'm looking for some help completing my finance project. (10% total course grade) There are quite a few questions. (40 total) I can check the answers one time before submitting. Hoping for...

Time value of money a. Finding FV Investment (PV) Interest rate) Number of yes INI Future value (FV1 $1,000 ex Formula NNTA Interest Rate (35) 0% 4 4% 25% b. Creating a table with FVs at various...

Finding Compound Interest Using Three Methods Preparation/Setup 1. Open the Sign-Up Sheet below in the Module and follow the directions to get the specific inputs for your activity. Copy the Line...

Need some help answering this sample midterm as soon as possible. 1. What is the future value of a 5-year ordinary annuity with quarterly payments of $75 evaluated using quarterly compounding with a...

Instruction : fx function above will be used to caclutate the answers FUTURE VALUE - SINGLE LUMP SUM PAYMENT Practice Problem 1.1 Compounding Interest - Future Value (FV) You deposit $1900 today with...

Dr.Ramsey Please assist me with my discussion post. Subject: Annuities Systematic risk evaluates the probability and extent of negative consequences to the larger body. For example, the government...

How should you decide what items to include in your training plan?

Exercise 1 What is the size of the following file in megabytes (MB)? A text-only file containing 4555000 ASCII characters Exercise 2 Convert the following: a) 0.1 GB to KB b) 1 Mb to KB Exercise 3...

The weighted average cost of capital is usually used as the firm's cost of capital. True False

Write a recursive procedure that calculates and returns the factorial of a number. The number must be passed on through the stack. Then write a complete program to test your procedure. use MIPS...