Homework Answers
1)
Future value = Present value (1 + r)n
Future value = 725 (1 + 0.08)1
Future value = 725 * 1.08
Future value = $783
2)
Present value = Future value / (1 + r)n
Present value = 1450 / (1 + 0.12)10
Present value = 1450 / 3.105848
Present value = $466.86
3)
Value at year 4 = 2200 / (1 + 0.08)3
Value at year 4 = 2200 / 1.259712
Value at year 4 = $1,746.43
4)
Future value = Present value (1 + r)n
6200 = 2000 (1 + 0.1)n
3.1 = (1 + 0.1)n
LN 3.1 = n LN 1.1
1.131402 = n 0.09531
n = 11.87
11 years and 9 months
Add Answer to:
Problem 4-3 One Year Future Value (LG4-2) What is the future value of $725 deposited for...
Problem 4-22 Interest-on-Interest (LG4-3) Consider a $4,800 deposit earning 10 percent interest per year for ten...
Problem 4-22 Interest-on-Interest (LG4-3) Consider a $4,800 deposit earning 10 percent interest per year for ten years. What is the future value? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Future value How much total interest is earned on the original deposit? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Total interest earned How much is interest earned on interest? (Do not round Intermediate calculations. Round your answer to 2 decimal places.)...
i need help anyone Problem 4-14 Present Value with Different Discount Rates (LG4-4) Compute the present...
i need help anyone
Problem 4-14 Present Value with Different Discount Rates (LG4-4) Compute the present value of $4,700 paid in two years using the following discount rates: 9 percent in the first year, and 8 percent in the second year. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) points Present value Problem 5-19 Future Value of Multiple Annuities (LG5-2) Assume that you contribute $320 per month to a retirement plan for 20 years. Then you...
Problem 4-35 Solving for Rates (LG4-7) 25 You invested $2,000 in the stock market one year...
Problem 4-35 Solving for Rates (LG4-7) 25 You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1700 points What return did you earn? (Negative answer should be indicated by a minus sign) Bock Retur eamed Berences What return would you need to get next year to break even overall? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Retum eamed LMR my Problem 4-32 Solving for Time (LG4-8) 2.5 points...
Problem 4-28 Moving Cash Flows (LG4-5) What is the value in year 11 of a $200...
Problem 4-28 Moving Cash Flows (LG4-5) What is the value in year 11 of a $200 cash flow made in year 3 if interest rates are 11 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
What is the future value of $775 deposited for one year earning an interest rate of...
What is the future value of $775 deposited for one year earning an interest rate of 8 percent per year? (Do not round intermediate calculations. Enter your answer as a whole number.)
Problem 4-39 General TVM (LG4-2, LG4-4) Ten years ago, Hailey invested $1,500 and locked in an...
Problem 4-39 General TVM (LG4-2, LG4-4) Ten years ago, Hailey invested $1,500 and locked in an annual interest rate of 9 percent for 30 years (ending 20 years from now, Aldan can make a 20-year investment today and lock in an interest rate of 10 percent. How much money should he invest now in order to have the same amount of money in 20 years as Hailey? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Present...
Problem 4-28 Moving Cash Flows (LG4-5) What is the value in year 10 of a $350 cash flow made in year 6 if interest...
Problem 4-28 Moving Cash Flows (LG4-5) What is the value in year 10 of a $350 cash flow made in year 6 if interest rates are 12 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Valuè in year 10
helpProblem 5-1 Future Value (LG5-1) 25 Compute the future value in year 7 of a...
Problem 5-1 Future Value (LG5-1) Compute the future value in year 7 of a $2,200 deposit in year 1, and another $1700 deposit at the end of year 4 using a 8 percent interest rate (Do not round intermediate calculations and round your final answer to 2 decimal places.) Problem 4 and 5-6 Present Value and Annuity Payments A local furniture store is advertising a deal in which you buy a $4,200 living room set with three years before you need to make...
Saved Help Save & Exit Submit Problem 4-13 Present Value with Different Discount Rates (LG4-4) Compute...
Saved Help Save & Exit Submit Problem 4-13 Present Value with Different Discount Rates (LG4-4) Compute the present value of $1,200 paid in three years using the following discount rates: 5 percent in the first year, 6 percent in the second year, and 7 percent in the third year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value
Consider a $4,700 deposit earning 9 percent interest per year for 9 years. What is the future value? (Do not round inter...
Consider a $4,700 deposit earning 9 percent interest per year for 9 years. What is the future value? (Do not round intermediate calculations. Round your answer to 2 decimal places.) How much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) How much is interest earned on interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2.To borrow $1,400, you are offered an add-on interest...
Problem 4-22 Interest-on-Interest (LG4-3) Consider a $4,800 deposit earning 10 percent interest per year for ten years. What is the future value? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Future value How much total interest is earned on the original deposit? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Total interest earned How much is interest earned on interest? (Do not round Intermediate calculations. Round your answer to 2 decimal places.)...
i need help anyone
Problem 4-14 Present Value with Different Discount Rates (LG4-4) Compute the present value of $4,700 paid in two years using the following discount rates: 9 percent in the first year, and 8 percent in the second year. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) points Present value Problem 5-19 Future Value of Multiple Annuities (LG5-2) Assume that you contribute $320 per month to a retirement plan for 20 years. Then you...
Problem 4-35 Solving for Rates (LG4-7) 25 You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1700 points What return did you earn? (Negative answer should be indicated by a minus sign) Bock Retur eamed Berences What return would you need to get next year to break even overall? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Retum eamed LMR my Problem 4-32 Solving for Time (LG4-8) 2.5 points...
What is the future value of $775 deposited for one year earning an interest rate of 8 percent per year? (Do not round intermediate calculations. Enter your answer as a whole number.)
Problem 4-39 General TVM (LG4-2, LG4-4) Ten years ago, Hailey invested $1,500 and locked in an annual interest rate of 9 percent for 30 years (ending 20 years from now, Aldan can make a 20-year investment today and lock in an interest rate of 10 percent. How much money should he invest now in order to have the same amount of money in 20 years as Hailey? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Present...
Problem 4-28 Moving Cash Flows (LG4-5) What is the value in year 10 of a $350 cash flow made in year 6 if interest rates are 12 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Valuè in year 10
Saved Help Save & Exit Submit Problem 4-13 Present Value with Different Discount Rates (LG4-4) Compute the present value of $1,200 paid in three years using the following discount rates: 5 percent in the first year, 6 percent in the second year, and 7 percent in the third year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value
Most questions answered within 3 hours.
-
For a reaction, reagents --->products, it's forwarding rate
(rate of products formation) is proportional to the...
asked 10 minutes ago -
5)
Typically,
there will need to be a rather high degree of coordination and
interaction among...
asked 6 minutes ago -
if the marginal revenue on each MRI is $2500, and the
marginal cost for each is...
asked 8 minutes ago -
The amounts of nicotine in a certain brand of cigarette are
normally distributed with a mean...
asked 12 minutes ago -
What did Butler and Hobbes contribute to our understanding of
utilitarianism?
asked 13 minutes ago -
History
Lincoln's religious thought was almost exclusively shaped by his
Calvinist upbringing.
True
False
QUESTION 6...
asked 12 minutes ago -
In a two-way factorial ANOVA, the final F-ratio for
factor AxB is determined by dividing _____...
asked 13 minutes ago -
If 1.6g of CH4 reacts with oxygen gas to form water and carbon
dioxide what is...
asked 12 minutes ago -
Applying the content from Primal Leadership, and the format
Personal Change Plan on p. 110 Boyatzis...
asked 14 minutes ago -
Your black labrador has a genotype of BbEe.
Which of the following is correct? Select all...
asked 18 minutes ago -
Which of the following statements explains why the cost of
advertising might be relevant to a...
asked 28 minutes ago -
NO3- nitrate ion, what is the symmetry operationof rotation of
it?
asked 33 minutes ago