Question: Using the known information below, solve for the unknown (NOTE: assume annual compounding): a. Solve for FV (round to nearest dollar): Present Value (PV) =

Using the known information below, solve for the unknown (NOTE: assume annual compounding):

a. Solve for FV (round to nearest dollar):

  • Present Value (PV) = $50,000
  • Future Value (FV) =???
  • Interest rate (i) = 4.5%
  • Number of periods (n) = 12 years

b. Solve for PV (round to the nearest dollar)

  • PV =???
  • FV = $200,000
  • i = 3.0%
  • n = 18 years

c. Solve for 'i' (round to nearest tenth of a percent) :

  • PV = $80,000
  • FV = $140,000
  • i =???
  • n = 10 years

d. Solve for 'n' (round to nearest whole year):

  • PV = $100,000
  • FV = $385,000
  • i = 6.25%
  • n =???

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