Homework Answers
rate positively ..
| Ans a) | ||||||
| Computation of future value = | 618.00 | |||||
| 600*(1+3%) | ||||||
| Ans = | 618.00 | |||||
| Ans b) | Computation of future value = | 636.54 | ||||
| 600*(1+3%)^2 | ||||||
| Ans = | 636.54 | |||||
| Ans C) | Computation of present value = | 582.52 | ||||
| 600/(1+3%) | ||||||
| 582.52 | ||||||
| Ans d) | Computation of present value = | 565.56 | ||||
| 600/(1+3%)^2 | ||||||
| 565.56 |
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