Future value

Future value

What is the future value of $2,998 invested for 9 years at 5.2 percent compounded annually?

$7,303.87

$4,731.22

$3,766.19

$7,466.46

$3,777.09

2.
What is the present value of $13,050 to be received 2 years from today if the discount rate is 6 percent?

$11,614.45

$10,313.60

$12,311.32

$11,188.27

$7,830.00

3.
Three years ago, you invested $3,350.00. Today, it is worth $4,100.00. What rate of interest did you earn?

4.47 percent

0.58 percent

6.97 percent

3.49 percent

5.47 percent

4.
Bob bought some land costing $16,240. Today, that same land is valued at $46,517. How long has Bob owned this land if the price of land has been increasing at 6 percent per year?

19.09 years

20.24 years

16.22 years

18.06 years

17.19 years
5.
For each of the following, compute the future value (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations.Round your answers to 2 decimal places (e.g., 32.16)):

Present Value Years Interest Rate Future Value
$ 2,950 10 12 % $

8,853 23 10 $

93,305 17 5 $

231,382 33 3 $

________________________________________
6.
For each of the following, compute the present value (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations.Round your answers to 2 decimal places (e.g., 32.16)):

Present Value Years Interest Rate Future Value
$
9 7 % $ 19,228
$
1 12 43,417
$
13 15 809,382
$
18 14 666,816
7.
Solve for the unknown interest rate in each of the following(Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16)):

Present Value Years Interest Rate Future Value
$ 740 7
% $ 1,431
930 8
% 1,768
17,500 19
% 144,332
72,800 22
% 317,815
8.
Solve for the unknown number of years in each of the following (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations.Round your answers to 2 decimal places (e.g., 32.16)):

Present Value Years Interest Rate Future Value
$ 550
10 % $ 1,405
2,241
8 4,000
33,405
13 390,120
33,100
20 207,284
PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT 🙂