Homework Help is Here – Start Your Trial Now!
Business
Finance
agrower interest rate of 18 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) Time needed to double Time needed to triple years years

agrower interest rate of 18 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) Time needed to double Time needed to triple years years

Corporate Fin Focused Approach
Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Appendix A Future value of $1, FV, Period 1 2 4 7 8 13 14 D 16 CNN AN ENTRAMAMAMARIN SRANAMANIANRAINAMAMAMANI BENDR MAMA ARATA NINAMAMAMÄNIR İHİBİNİNANSAINANSMAMAN ****** ERMENEMANIN ****** 18 BIRININTEN **** KÜCKMEKAIN ****** RAMAMAMANTE 3*3*3*3 30 40 50 ****** SMART S N Na 2005 1303344 31 1350350 IN 1.010 1.020 1.030 1.041 1.051 1.062 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.173 1.184 1.196 1.208 1.220 1.282 1.348 1.489 1.645 1.020 1.040 1.061 1.082 1.104 1.149 1.172 1.195 1,219 1.243 1.268 1.294 1.319 FV = PV(1 +/)" 1.346 1.373 1.400 1.457 1.486 1.641 1.811 2.208 2.692 1.030 1.061 1.093 1.126 1.230 1.267 1.305 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 2.094 3.262 4.384 1.040 1.082 1.125 1.170 1.217 1.369 1.423 1.480 1.601 1.665 1.801 1.873 1.948 2.026 2.107 2.191 3.243 4.801 1.050 1.103 1.158 1.340 1.407 1.477 1.710 1.796 1.886 1.980 2.079 2.183 2.292 2.527 2.653 3.386 4.322 7.040 11.467 Percent 1.060 1.124 1.262 1.338 1.419 1.504 1.594 1.689 1.791 1.898 2.133 2.261 2.397 2.540 2.854 3.026 3.207 4.292 5.743 18.420 1.145 1.225 1.311 1.403 1.501 1.606 1.718 1.838 1.967 2.105 2.410 2.579 2.759 2.952 3.380 3.617 3.870 5.427 7.612 14.974 29.457 1.080 1.166 1.260 1.360 1.469 1.587 1.851 1.999 2.159 2.332 2.518 2.720 2.937 3.172 3.700 3.996 4.316 4.661 6.848 10.063 21.725 46.902 9% 1.090 1.188 1.677 2.172 2.367 2.580 2.813 3.342 4.328 4.717 5.604 8.623 13.268 31.409 74.358 1.100 1.210 1.464 1.611 2.358 2.594 2.853 3.138 3.452 3.797 4.595 5.054 5.560 6.116 10.835 117.39 Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1.110 1.368 1518 1.685 1.870 2.076 2.305 3.152 3.498 3.883 4.310 4.785 5.895 6.544 7.263 8.062 13.585 22.892 65.001 184.57
Transcribed Image Text:Appendix A Future value of $1, FV, Period 1 2 4 7 8 13 14 D 16 CNN AN ENTRAMAMAMARIN SRANAMANIANRAINAMAMAMANI BENDR MAMA ARATA NINAMAMAMÄNIR İHİBİNİNANSAINANSMAMAN ****** ERMENEMANIN ****** 18 BIRININTEN **** KÜCKMEKAIN ****** RAMAMAMANTE 3*3*3*3 30 40 50 ****** SMART S N Na 2005 1303344 31 1350350 IN 1.010 1.020 1.030 1.041 1.051 1.062 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.173 1.184 1.196 1.208 1.220 1.282 1.348 1.489 1.645 1.020 1.040 1.061 1.082 1.104 1.149 1.172 1.195 1,219 1.243 1.268 1.294 1.319 FV = PV(1 +/)" 1.346 1.373 1.400 1.457 1.486 1.641 1.811 2.208 2.692 1.030 1.061 1.093 1.126 1.230 1.267 1.305 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 2.094 3.262 4.384 1.040 1.082 1.125 1.170 1.217 1.369 1.423 1.480 1.601 1.665 1.801 1.873 1.948 2.026 2.107 2.191 3.243 4.801 1.050 1.103 1.158 1.340 1.407 1.477 1.710 1.796 1.886 1.980 2.079 2.183 2.292 2.527 2.653 3.386 4.322 7.040 11.467 Percent 1.060 1.124 1.262 1.338 1.419 1.504 1.594 1.689 1.791 1.898 2.133 2.261 2.397 2.540 2.854 3.026 3.207 4.292 5.743 18.420 1.145 1.225 1.311 1.403 1.501 1.606 1.718 1.838 1.967 2.105 2.410 2.579 2.759 2.952 3.380 3.617 3.870 5.427 7.612 14.974 29.457 1.080 1.166 1.260 1.360 1.469 1.587 1.851 1.999 2.159 2.332 2.518 2.720 2.937 3.172 3.700 3.996 4.316 4.661 6.848 10.063 21.725 46.902 9% 1.090 1.188 1.677 2.172 2.367 2.580 2.813 3.342 4.328 4.717 5.604 8.623 13.268 31.409 74.358 1.100 1.210 1.464 1.611 2.358 2.594 2.853 3.138 3.452 3.797 4.595 5.054 5.560 6.116 10.835 117.39 Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1.110 1.368 1518 1.685 1.870 2.076 2.305 3.152 3.498 3.883 4.310 4.785 5.895 6.544 7.263 8.062 13.585 22.892 65.001 184.57
Appendix A Future value of $1, FV, Period 1 2 4 7 8 13 14 D 16 CNN AN ENTRAMAMAMARIN SRANAMANIANRAINAMAMAMANI BENDR MAMA ARATA NINAMAMAMÄNIR İHİBİNİNANSAINANSMAMAN ****** ERMENEMANIN ****** 18 BIRININTEN **** KÜCKMEKAIN ****** RAMAMAMANTE 3*3*3*3 30 40 50 ****** SMART S N Na 2005 1303344 31 1350350 IN 1.010 1.020 1.030 1.041 1.051 1.062 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.173 1.184 1.196 1.208 1.220 1.282 1.348 1.489 1.645 1.020 1.040 1.061 1.082 1.104 1.149 1.172 1.195 1,219 1.243 1.268 1.294 1.319 FV = PV(1 +/)" 1.346 1.373 1.400 1.457 1.486 1.641 1.811 2.208 2.692 1.030 1.061 1.093 1.126 1.230 1.267 1.305 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 2.094 3.262 4.384 1.040 1.082 1.125 1.170 1.217 1.369 1.423 1.480 1.601 1.665 1.801 1.873 1.948 2.026 2.107 2.191 3.243 4.801 1.050 1.103 1.158 1.340 1.407 1.477 1.710 1.796 1.886 1.980 2.079 2.183 2.292 2.527 2.653 3.386 4.322 7.040 11.467 Percent 1.060 1.124 1.262 1.338 1.419 1.504 1.594 1.689 1.791 1.898 2.133 2.261 2.397 2.540 2.854 3.026 3.207 4.292 5.743 18.420 1.145 1.225 1.311 1.403 1.501 1.606 1.718 1.838 1.967 2.105 2.410 2.579 2.759 2.952 3.380 3.617 3.870 5.427 7.612 14.974 29.457 1.080 1.166 1.260 1.360 1.469 1.587 1.851 1.999 2.159 2.332 2.518 2.720 2.937 3.172 3.700 3.996 4.316 4.661 6.848 10.063 21.725 46.902 9% 1.090 1.188 1.677 2.172 2.367 2.580 2.813 3.342 4.328 4.717 5.604 8.623 13.268 31.409 74.358 1.100 1.210 1.464 1.611 2.358 2.594 2.853 3.138 3.452 3.797 4.595 5.054 5.560 6.116 10.835 117.39 Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1.110 1.368 1518 1.685 1.870 2.076 2.305 3.152 3.498 3.883 4.310 4.785 5.895 6.544 7.263 8.062 13.585 22.892 65.001 184.57
Transcribed Image Text:Appendix A Future value of $1, FV, Period 1 2 4 7 8 13 14 D 16 CNN AN ENTRAMAMAMARIN SRANAMANIANRAINAMAMAMANI BENDR MAMA ARATA NINAMAMAMÄNIR İHİBİNİNANSAINANSMAMAN ****** ERMENEMANIN ****** 18 BIRININTEN **** KÜCKMEKAIN ****** RAMAMAMANTE 3*3*3*3 30 40 50 ****** SMART S N Na 2005 1303344 31 1350350 IN 1.010 1.020 1.030 1.041 1.051 1.062 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.173 1.184 1.196 1.208 1.220 1.282 1.348 1.489 1.645 1.020 1.040 1.061 1.082 1.104 1.149 1.172 1.195 1,219 1.243 1.268 1.294 1.319 FV = PV(1 +/)" 1.346 1.373 1.400 1.457 1.486 1.641 1.811 2.208 2.692 1.030 1.061 1.093 1.126 1.230 1.267 1.305 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 2.094 3.262 4.384 1.040 1.082 1.125 1.170 1.217 1.369 1.423 1.480 1.601 1.665 1.801 1.873 1.948 2.026 2.107 2.191 3.243 4.801 1.050 1.103 1.158 1.340 1.407 1.477 1.710 1.796 1.886 1.980 2.079 2.183 2.292 2.527 2.653 3.386 4.322 7.040 11.467 Percent 1.060 1.124 1.262 1.338 1.419 1.504 1.594 1.689 1.791 1.898 2.133 2.261 2.397 2.540 2.854 3.026 3.207 4.292 5.743 18.420 1.145 1.225 1.311 1.403 1.501 1.606 1.718 1.838 1.967 2.105 2.410 2.579 2.759 2.952 3.380 3.617 3.870 5.427 7.612 14.974 29.457 1.080 1.166 1.260 1.360 1.469 1.587 1.851 1.999 2.159 2.332 2.518 2.720 2.937 3.172 3.700 3.996 4.316 4.661 6.848 10.063 21.725 46.902 9% 1.090 1.188 1.677 2.172 2.367 2.580 2.813 3.342 4.328 4.717 5.604 8.623 13.268 31.409 74.358 1.100 1.210 1.464 1.611 2.358 2.594 2.853 3.138 3.452 3.797 4.595 5.054 5.560 6.116 10.835 117.39 Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 1.110 1.368 1518 1.685 1.870 2.076 2.305 3.152 3.498 3.883 4.310 4.785 5.895 6.544 7.263 8.062 13.585 22.892 65.001 184.57
Expert Solution
Step 1

Step 1

The number of cycles necessary to pay off the loan amount at the agreed-upon interest rate and determine the EMI payment.

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 4 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Future Value
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Corporate Fin Focused Approach
Corporate Fin Focused Approach
Finance
ISBN:
9781285660516
Author:
EHRHARDT
Publisher:
Cengage
SEE MORE TEXTBOOKS