Homework Answers
1 a. FV =PV*(1+r)^n =400*(1+6%) =424
b. FV =PV*(1+r)^n =400*(1+6%)^2 =449.44
c. PV =FV/(1+r)^n =400/(1+6%) =377.36
d. PV =FV/(1+r)^n =400/(1+6%)^2 =356.00
Add Answer to:
Click here to read the eBook Future Values Click here to read the eBook: Present Values...
10. Problem 5.10 (Present and Future Values for Different Interest Rates) eBook Find the following values....
10. Problem 5.10 (Present and Future Values for Different Interest Rates) eBook Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $800 compounded for 10 years at 8%. b. An initial $800 compounded for 10 years at 16%. c. The present value of $800 due in 10 years at 8%. $ d. The present value of $2,300 due in 10 years at 16% and 8%. Present value...
WOrK Check My Wo Click here to read the eBook: Future Values Click here to read...
WOrK Check My Wo Click here to read the eBook: Future Values Click here to read the eBook: Present Values PRESENT AND FUTURE VALUES FOR DIFFERENT PERIODS Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $600 compounded for 1 year at 10%. b. An initial $600 compounded for 2 years at 10%. C. The present value of $600...
Preb01 Click here to read the eBook: Future Values FUTURE VALUE - If you deposit $8,000...
Preb01 Click here to read the eBook: Future Values FUTURE VALUE - If you deposit $8,000 in a bank account that pays 8% Interest annually, how much will be in your account after 5 years? Round your answer to the nearest cent. OOOOO o Click here to read the eBook: Present Values o Problem Walk-Through O PRESENT VALUE What is the present value of a security that will pay $22,000 in 20 years if securities of equal risk pay 3%...
5.10 eBook Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your...
5.10 eBook Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $500 compounded for 10 years at 10%. $ b. An initial $500 compounded for 10 years at 20%. $ c. The present value of $500 due in 10 years at 10%. $ d. The present value of $1,140 due in 10 years at 20% and 10%. Present value at 20%: $ Present value at 10%: $ ...
12. Problem 5.36 Click here to read the eBook: Future Values Click here to read the...
12. Problem 5.36 Click here to read the eBook: Future Values Click here to read the eBook: Present Values Click here to read the eBook: Semiannual and Other Compounding Periods NONANNUAL COMPOUNDING a. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits. If the bank pays 8% nominal interest, compounded semiannually, how much will be in your account after 3...
7. Problem 5.07 Click here to read the eBook: Future Values Click here to read the...
7. Problem 5.07 Click here to read the eBook: Future Values Click here to read the eBook: Present Values Problem Walk-Through PRESENT AND FUTURE VALUES OF A CASH FLOW STREAM An investment will pay $50 at the end of each of the next 3 years, $250 at the end of Year 4, $350 at the end of Year 5, and $550 at the end of Year 6. a. If other investments of equal risk earn 7% annually, what is its...
Click here to read the eBook: Future Values Click here to read the eBook: Semiannual and...
Click here to read the eBook: Future Values Click here to read the eBook: Semiannual and Other Compounding Periods FUTURE VALUE FOR VARIOUS COMPOUNDING PERIODS Find the amount to which $600 will grow under each of these conditions: a. 9% compounded annually for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. b. 9% compounded semiannually for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. c. 9% compounded quarterly...
5.10 Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers...
5.10 Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $600 compounded for 10 years at 5%. $ b. An initial $600 compounded for 10 years at 10%. $ c. The present value of $600 due in 10 years at 5%. $ d. The present value of $2,470 due in 10 years at 10% and 5%. Present value at 10%: $ Present value at 5%: $ e....
Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to...
Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $300 compounded for 10 years at 9%. b. An initial $300 compounded for 10 years at 18%. c. The present value of $300 due in 10 years at 9%. d. The present value of $1,085 due in 10 years at 18% and 9%. Present value at 18%:$ Present value at 9%:$ e. Define present value. I. The present...
a. An initial $500 compounded for 10 years at 8%. b. An initial $500 compounded for...
a. An initial $500 compounded for 10 years at 8%. b. An initial $500 compounded for 10 years at 16%. c. The present value of $500 due in 10 years at 8%. d. The present value of $2,325 due in 10 years at 16% and at 8%. e. Define present value. (choose one of the following) The present value is the value today of a sum of money to be received in the future and in general is less than...
10. Problem 5.10 (Present and Future Values for Different Interest Rates) eBook Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $800 compounded for 10 years at 8%. b. An initial $800 compounded for 10 years at 16%. c. The present value of $800 due in 10 years at 8%. $ d. The present value of $2,300 due in 10 years at 16% and 8%. Present value...
WOrK Check My Wo Click here to read the eBook: Future Values Click here to read the eBook: Present Values PRESENT AND FUTURE VALUES FOR DIFFERENT PERIODS Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $600 compounded for 1 year at 10%. b. An initial $600 compounded for 2 years at 10%. C. The present value of $600...
Preb01 Click here to read the eBook: Future Values FUTURE VALUE - If you deposit $8,000 in a bank account that pays 8% Interest annually, how much will be in your account after 5 years? Round your answer to the nearest cent. OOOOO o Click here to read the eBook: Present Values o Problem Walk-Through O PRESENT VALUE What is the present value of a security that will pay $22,000 in 20 years if securities of equal risk pay 3%...
12. Problem 5.36 Click here to read the eBook: Future Values Click here to read the eBook: Present Values Click here to read the eBook: Semiannual and Other Compounding Periods NONANNUAL COMPOUNDING a. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits. If the bank pays 8% nominal interest, compounded semiannually, how much will be in your account after 3...
7. Problem 5.07 Click here to read the eBook: Future Values Click here to read the eBook: Present Values Problem Walk-Through PRESENT AND FUTURE VALUES OF A CASH FLOW STREAM An investment will pay $50 at the end of each of the next 3 years, $250 at the end of Year 4, $350 at the end of Year 5, and $550 at the end of Year 6. a. If other investments of equal risk earn 7% annually, what is its...
Click here to read the eBook: Future Values Click here to read the eBook: Semiannual and Other Compounding Periods FUTURE VALUE FOR VARIOUS COMPOUNDING PERIODS Find the amount to which $600 will grow under each of these conditions: a. 9% compounded annually for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. b. 9% compounded semiannually for 5 years. Do not round intermediate calculations. Round your answer to the nearest cent. c. 9% compounded quarterly...
Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $300 compounded for 10 years at 9%. b. An initial $300 compounded for 10 years at 18%. c. The present value of $300 due in 10 years at 9%. d. The present value of $1,085 due in 10 years at 18% and 9%. Present value at 18%:$ Present value at 9%:$ e. Define present value. I. The present...
Most questions answered within 3 hours.
-
284 mL of a 0.52 M potassium hydroxide solution is added to 467
mL of a...
asked 18 minutes ago -
exercise on VSEPR and molecular structrue.
octahedral
SeCl62-
TeCl62-
ClF62-
distorted
SeF62–
IF6–
asked 19 minutes ago -
Little’s Law: Val d’Costa is a world famous ski village in the
French Alps. Because of...
asked 1 hour ago -
Find the absolute error D for the calculation if A + B/C=D A=
9.4 +/- 0.4...
asked 1 hour ago -
New Air Heating and Cooling, manufactures furnaces and central
air units. The company pride itself on...
asked 1 hour ago -
A coach uses a new technique to train gymnasts. Seven
gymnasts were randomly selected and their...
asked 3 hours ago -
While rotating the tires on your car you notice a rock [mass =
0.1 Kg] stuck...
asked 5 hours ago -
Using MARS simulator, write MIPS programs according to
the following scenarios: Receive a positive integer number...
asked 7 hours ago -
An object in front of a concave mirror has a real image that is
11.5 cm...
asked 7 hours ago -
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 9 hours ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 9 hours ago -
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 257 accurate...
asked 9 hours ago