unknown variable

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter11: Capital Budgeting And Risk
Section: Chapter Questions
Problem 7QTD
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Find the following values, using the equations, and then work the problems using a financial calculator to check your answers. Disregard rounding differences. (Hint: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in parts b and d, and in many other situations, to see how changes in input variables affect the output variable.) Do not round intermediate calculations. Round your answers to the nearest cent.

  1. An initial $800 compounded for 1 year at 6.5%.

    $  

  2. An initial $800 compounded for 2 years at 6.5%.

    $  

  3. The present value of $800 due in 1 year at a discount rate of 6.5%.

    $  

  4. The present value of $800 due in 2 years at a discount rate of 6.5%

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