Question 236903
5)
P=A/(1+r/n)^nt
P=15000/(1.09)^8
P=15000/(1.992562642)
P=$7528
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P=15000/(1.09)^6
P=15000/1.6771
P=$8940
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13)
FV=P(1+r)^9
FV=7455(1.09)^9
FV=7455*2.171893279
FV=$16191
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6)
FV=(P((1+i)^n-1)/i
FV=(5000((1.1)^6-1)/.1
FV=(5000((1.771561)-1)/.1
FV=3857.81/.1
FV=$38578.05
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