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Waiting period. Fill in the Number of Periods for the following table using one

ID: 2622038 • Letter: W

Question

Waiting period. Fill in the Number of Periods for the following table using one of the three methods below: <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?>

a.       Use the waiting periord formula, n=(FV/PV) /In (l+r)

b.      Use the TVM keys from a calculator.

c.       Use the TVM function in a spreadsheet

Present Value

Future Value

Interest Rate

Number of Periods

$ 711.89

$1,590.79

4%

?

$17,553.88

$106,462.98

10%

?

$35,803.82

$3,074,051.22

17%

?

$25,470.69

$300,632.73

26%

?

Present Value

Future Value

Interest Rate

Number of Periods

$ 711.89

$1,590.79

4%

___years (Round to the nearest whole number)

Present Value

Future Value

Interest Rate

Number of Periods

$ 711.89

$1,590.79

4%

?

$17,553.88

$106,462.98

10%

?

$35,803.82

$3,074,051.22

17%

?

$25,470.69

$300,632.73

26%

?

Explanation / Answer

a) 20.50


b) 18.91


c) 28.36


d) 10.68



e) 20.50