Problem 6-33 Calculating Future Values [LO1] How much will you have per dollar i

ID: 2384331 • Letter: P

Question

Problem 6-33 Calculating Future Values [LO1]

How much will you have per dollar invested in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

How much will you have per dollar invested in two years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

You have an investment that will pay you 1.33 percent per month.

How much will you have per dollar invested in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Explanation / Answer

1) one dollar will be $1.1718 in one year

2) one dollar will be $1.3731 in two years

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Problem 6-33 Calculating Future Values [LO1] How much will you have per dollar i

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Explanation / Answer

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