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Future Values Refer to the appropriate tables on pages 783-786. Required: Nate: Round answers to two decimal places. Determine the: a. future value of a single deposit of SI 5.000 that earns compound interest for 4 years at an interest rate of 10% per year. b. annual interest rate that will produce a future value of SI3,416.80 in 6 years from a single deposit of 58,000. c. size of annual cash flows for an annuity of nine cash flows that will produce a future value of $79,428.10 at an interest rate of 9% per year. d. number of periods required to produce a future value of $17,755.50 from an initial deposit of $7,500 if the annual interest rate is 9%.

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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
Publisher: Cengage Learning
ISBN: 9781337690881
BuyFind

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
Publisher: Cengage Learning
ISBN: 9781337690881

Solutions

Chapter
Section
Chapter A3, Problem 13E
Textbook Problem

Future Values

Refer to the appropriate tables on pages 783-786.

Required:

Nate: Round answers to two decimal places. Determine the:

a. future value of a single deposit of SI 5.000 that earns compound interest for 4 years at an interest rate of 10% per year.

b. annual interest rate that will produce a future value of SI3,416.80 in 6 years from a single deposit of 58,000.

c. size of annual cash flows for an annuity of nine cash flows that will produce a future value of $79,428.10 at an interest rate of 9% per year.

d. number of periods required to produce a future value of $17,755.50 from an initial deposit of $7,500 if the annual interest rate is 9%.

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Cornerstones of Financial Accounting
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