Hi, Could you solve/fill the blank? Thanks
a lot
Homework Answers
rate positively.
| Ans 1 | We have to use finanical calculator to solve this | |||||
| put in calculator - (Set the calculator in BEGIN mode) | ||||||
| PV | 0 | |||||
| PMT | -16000 | |||||
| I | 10% | |||||
| N | 15 | |||||
| Compute FV | $508,359.71 | |||||
| ans = | $508,359.71 | |||||
| Ans 2 | Computation of future value | |||||
| Year | Investment | Future value | ||||
| 6 | 10000 | 19,487.17 | =10000*(1+10%)^7 | |||
| 7 | 10000 | 17,715.61 | =10000*(1+10%)^6 | |||
| 8 | 10000 | 16,105.10 | =10000*(1+10%)^5 | |||
| 9 | 10000 | 14,641.00 | =10000*(1+10%)^4 | |||
| 10 | 10000 | 13,310.00 | =10000*(1+10%)^3 | |||
| Total | 81,258.88 | |||||
| Answer = | 81,258.88 | |||||
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Hi, Could you solve/fill the blank? Thanks
a lot
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can you show your work for 13-15 please 776 amuay For problems 10-15 use i:5% 10....
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rk 3 Help Save Lifetime savings accounts, known as LSAs, allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests $16,000 now and $16,000 each year for the next 13 years, how much will be in the account immediately after the last deposit, provided the account grows by 11% per year? After the last deposit, the balance in the account will be $ < Prey 5 of 10 Next > a o...
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Hi, Could you solve/fill the blank? Thanks
a lot
A commercial real estate developer plans to borrow money to finance an upscale mall in an exclusive area of the city. The developer plans to get a loan that will be repaid with uniform payments of $350,000 beginning in year 2 and ending in year 16. How much will a bank be willing to loan at an interest rate of 8% per year? The bank will be willing to loan the...
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