E6.3 (LO 2, 3, 4) Excel propriate interest table, answer each of the following questions. (Each case is independent of the others.) (Computation of Future Values and Present Values) Using the ap- a. What is the future value of $7,000 at the end of 5 periods at 8% compounded interest? b. What is the present value of $7,000 due 8 periods hence, discounted at 6%? c. What is the future value of 15 periodic payments of $7,000 each made at the end of each period and compounded at 10%? d. What is the present value of $7,000 to be received at the end of each of 20 periods, discounted at 5% compound interest?

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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E6.3 (LO 2, 3, 4) Excel
propriate interest table, answer each of the following questions. (Each case is independent of the others.)
(Computation of Future Values and Present Values) Using the ap-
a. What is the future value of $7,000 at the end of 5 periods at 8% compounded interest?
b. What is the present value of $7,000 due 8 periods hence, discounted at 6%?
c. What is the future value of 15 periodic payments of $7,000 each made at the end of each period and
compounded at 10%?
d. What is the present value of $7,000 to be received at the end of each of 20 periods, discounted at 5%
compound interest?
Transcribed Image Text:E6.3 (LO 2, 3, 4) Excel propriate interest table, answer each of the following questions. (Each case is independent of the others.) (Computation of Future Values and Present Values) Using the ap- a. What is the future value of $7,000 at the end of 5 periods at 8% compounded interest? b. What is the present value of $7,000 due 8 periods hence, discounted at 6%? c. What is the future value of 15 periodic payments of $7,000 each made at the end of each period and compounded at 10%? d. What is the present value of $7,000 to be received at the end of each of 20 periods, discounted at 5% compound interest?
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