Question

Answered step-by-step

Asked by CountClover5285 on coursehero.com

1) Parker has a rare sculpture that is supposed to be worth $10,000 sometime in the future. Parker was just offered $4,500 for the sculpture today (PV). Based on an interest rate (discount rate) of 11.5% per year, how many years would Parker have had to wait to get the $10,000 value in the future?

2) Jack has an investment that he hopes will be worth $1,500. Jack invested a total of $150 in the investment today. The investment is earning 9.75% annually. How long will it take (in years) until Jack has his $1,500?

3) Brandon has $3,800 that he wants to invest today to grow into $16,000. He finds an investment that earns 9.5% with monthly compounds. How many **months** will he wait till he has the $16,000?

4) A PV of $100,000 will become a FV of $200,000. Assuming a **rate** of return of 10% per year, how long (NPER) will this take?

5) Colton has $3,000 that he wants to invest today to grow into $21,000. He finds an investment that earns 7.5% with monthly compounds. How many **months** will he wait till he has the $21,000?

6) A FV of $1,000,000 is worth a PV of $50,000 today. Assuming a **rate** of return of 12.5% per year, with monthly compounding, how many years were involved in the calculation (NPER) of the PV?

7) Josie has some old artwork that she hopes to sell for $15,600 in the future (FV). She was just offered $6,000 for all of the artwork (PV). At a discount rate of 7% with quarterly compounding, how many years would Josie have to wait if she wanted to sell for the $15,600?

8) Erik has a famous painting that he hopes to sell for $24,000 in the future (FV). He was just offered $19,000 for the painting. At a discount rate of 6.5% with quarterly compounding, how many years would Erik have to wait if he wanted to sell for the $24,000?

9) A FV of $600,000 is worth a PV of $80,000 today. Assuming a **rate** of return of 8% per year, how many years were involved in the calculation (NPER) of the PV?

10) Becca has $5,500 that she wants to invest today to grow into $20,000. She finds an investment that earns 13.5% with monthly compounding. How many years will she wait till she has the $20,000?

Solved by verified expert

Answered by franceayeager on coursehero.com

sectetur adip

sectetur adipi

sectetur adipisc

sectetur adip

sectetur adipisc

sectetur adipi

sectetur adipi

sectetur adip

sectetur adipi

sectetur adipi

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. N

Unlock access to this and **over 10,000 step-by-step explanations**

Have an account? Log In

<p>sectetur adip</p><p>sectetur adipi</p><p>sectetur adipisc</p><p>sectetur adip</p><p>sectetur adipisc</p><p>sectetur adipi</p><p>sectetur adipi</p><p>sectetur adip</p><p>sectetur adipi</p><p>sectetur adipi</p><p> </p>sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. N

sectetur adipiscing elit. Nam lacinia pulvin**sectetur adipiscing el**sectetur

**sectetur adipiscing elit. N**

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis.

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a mo

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molest

sectetur adipiscing elit. Nam lacini

**sectetur adipiscing elit. Nam laci**

sectetur adipiscing

sectetur adipiscin

sectetur adipiscing elit.

sectetur adipiscing

sectetur adipiscing elit. Nam laci

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit

sectetur adipiscing elit. Nam

sectetur adipiscing elit. N**sectetur a**se

**sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fu**

**sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoree**

**sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet**

sectetur adipiscing elit. Nam lacinia pulvinar tortor nec facili

secte | sectetur adipi | sectetur adipiscing |

sectetur adipiscing elit. N | sectetur adipiscing e | |

sectetur adipiscing el | sectetur adipiscing e | |

sectetur adipis | sectet | |

sectetur adipiscing | sectetur adipiscing e | |

sectetur ad | sectetur adipiscing elit. Na |

secte | sectetur adipi | sectetur adipiscing el |

sectetur adipiscing elit. N | sectetur adipiscing elit | |

sectetur adipiscing el | sectetur adipiscin | |

sectetur adipis | secte | |

sectetur adipiscing | sectetur adipiscing elit. N | |

sectetur ad | sectetur adipiscing elit. |

secte | sectetur adipi | sectetur adipiscing |

sectetur adipiscing elit. N | sectetur adipiscing e | |

sectetur adipiscing el | sectetur adipiscing e | |

sectetur adipissectetur adipiscin | secte | |

sectetur adipiscing | sectetur adipiscing elit | |

sectetur ad | sectetur adipiscing elit. Na |

secte | sectetur adipi | sectetur adipisci |

sectetur adipiscing elit. N | sectetur adipiscin | |

sectetur adipiscing el | sectetur adipiscing | |

sectetur adipis | sectet | |

sectetur adipiscing | sectetur adipiscing elit. Na | |

sectetur ad | sectetur adipiscing elit. N |

secte | sectetur adipi | sectetur adipiscing |

sectetur adipiscing elit. N | sectetur adipiscing e | |

sectetur adipiscing el | sectetur adipiscing | |

sectetur adipissectetur adipiscin | secte | |

sectetur adipiscing | sectetur adipiscing | |

sectetur ad | sectetur adipiscing elit. Na |

secte | sectetur adipi | sectetur adipisci |

sectetur adipiscing elit. N | sectetur adipiscing | |

sectetur adipiscing el | sectetur adipiscin | |

sectetur adipissectetur adipiscing | secte | |

sectetur adipiscing | sectetur adipiscing eli | |

sectetur ad | sectetur adipiscing elit. | |

sectetur | sectetur adipiscing eli | |

sectetur adipiscing elit. Nam | sectetur adipiscing elit. | |

sectetu | sectetur adipiscing |

secte | sectetur adipi | sectetur adipiscing |

sectetur adipiscing elit. N | sectetur adipiscing e | |

sectetur adipiscing el | sectetur adipiscing | |

sectetur adipissectetur adipisci | secte | |

sectetur adipiscing el | sectetur adipiscing elit. | |

sectetur ad | sectetur adipiscing elit. Na | |

sectetur adipisc | sectetur adipiscing elit. | |

sectetur adipiscing elit. Nam l | sectetur adipiscing elit. N | |

sectetu | sectetur adipiscing e |

secte | sectetur adipi | sectetur adipiscing |

sectetur adipiscing elit. N | sectetur adipiscing | |

sectetur adipiscing el | sectetur adipiscing el | |

sectetur adipissectetur adipiscing | secte | |

sectetur adipiscing el | sectetur adipiscing elit. N | |

sectetur ad | sectetur adipiscing elit. Na | |

sectetur adipisc | sectetur adipiscing elit. N | |

sectetur adipiscing elit. Nam l | sectetur adipiscing elit. N | |

sectetu | sectetur adipiscing e |

secte | sectetur adipi | sectetur adipisci |

sectetur adipiscing elit. N | sectetur adipiscing | |

sectetur adipiscing el | sectetur adipiscing | |

sectetur adipis | secte | |

sectetur adipiscing | sectetur adipiscing | |

sectetur ad | sectetur adipiscing elit. Na |

sectet | sectetur adipi | sectetur adipiscing |

sectetur adipiscing elit. N | sectetur adipiscing e | |

sectetur adipiscing el | sectetur adipiscing e | |

sectetur adipissectetur adipiscing | secte | |

sectetur adipiscing elit. Nam lacin | sectetur adipiscing elit. | |

sectetur ad | sectetur adipiscing elit. Na | |

sectetur | sectetur adipiscing elit. | |

sectetur adipiscing elit. Nam | sectetur adipiscing elit. | |

sectetu | sectetur adipiscing e |

**sectetur adipiscing elit. Nam lacinia pulvinar**

9 attachments

PNG

PNG

PNG

PNG

PNG

PNG

PNG

PNG

PNG

Unlock every step-by-step explanation, download literature note PDFs, plus more.Get Access