Homework Answers
a) Future value of a single deposit:-
=FV(rate,nper,pmt,pv)
=FV(8%,15,,-380)
=1205.42
b) Future value of ordinary annuity:-
=FV(rate,nper,pmt,pv)
=FV(11%,9,-500)
=7081.99
Where,
rate is interest rate
nper is years
pmt is annual deposit
pv is present value of the single deposit
Add Answer to:
Using a financial calculator or spreadsheet, calculate the following: a. The future value of a deposit...
Using a financial calculator or spreadsheet, calculate the future value in 5.50 years of $14,900 invested...
Using a financial calculator or spreadsheet, calculate the future value in 5.50 years of $14,900 invested today in an account that pays a stated annual interest rate of 6%, compounded monthly. The future value,FV, on this deposit is $_____. (Round to the nearest cent.)
The following table describes the characteristics of five annuities: E. Calculate the future value of each...
The following table describes the characteristics of five annuities: E. Calculate the future value of each annuity given its characteristics. The future value, FV, on the annuity at the end of the deposit period for Deposit A is $ . (Round to the nearest cent.) i Data Table 4% Annual Annuity Interest Annuity Deposit Payment Rate Length (yr) $2,200 $800 6% $1,300 8% $12,400 9% $4,100 15% (Click on the icon located on the top-right corner of the data table...
P4A.16 (similar to) Question Help Using a financial calculator or an Excel spreadsheet, calculate the following...
P4A.16 (similar to) Question Help Using a financial calculator or an Excel spreadsheet, calculate the following a. The present value of $620 to be received 2 years from now, using a discount rate of 11% b. The present value of the following end-of-year income streams, using a discount rate of 19% and assuming it is now the beginning of 2018 a. The present value of the future sum in part (a) is $ . (Round to the nearest cent.) ©...
Continuous compounding For the case in the following table, find the future value at the end...
Continuous compounding For the case in the following table, find the future value at the end of the deposit period, assuming that interest is compounded continuously at the given nominal annual rate. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Amount of initial deposit $2,600 Nominal annual rate, r 8% Deposit period (years), n 11 The future value at the end of the deposit period is $ . (Round...
P4A.16 (similar to) Question Help Using a financial calculator or an Excel spreadsheet, calculate the following...
P4A.16 (similar to) Question Help Using a financial calculator or an Excel spreadsheet, calculate the following a. The present value of $740 to be received 2 years from now, using a discount rate of 14%. b. The present value of the following end-of-year income streams, using a discount rate of 21% and assuming it is now the beginning of 2018 a. The present value of the future sum in part (a) is $ (Round to the nearest cent.) 0 Data...
Please answer the following on a financial calculator with given steps. You won a lottery! To...
Please answer the following on a financial calculator with given
steps.
You won a lottery! To collect your winnings you will be paid annual amounts of $10,300 for each of the next 22 years. The appropriate discount rate is 10 percent per year Calculate the difference in the present value if you are paid these annual amounts of money at the beginning of each year rather than at the end of each year. Jessica would like to buy an annuity....
ak: Chapter 19 Saved Complete the following using the future value formula or financial calculator. (Do...
ak: Chapter 19 Saved Complete the following using the future value formula or financial calculator. (Do not round int final answers to the nearest cent.) Amount Interest Time Principal $ 17200 Rate Compounded 2% Annually 11 years Prev 1 of 13 Ne * a Search ACKARD
Complete the following using the future value formula or financial calculator. (Do not round intermediate calculations....
Complete the following using the future value formula or financial calculator. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount interest Time 7 years Principal $ 2,400 Rate Compounded 12 % Quarterly
Complete the following using the future value formula or financial calculator. (Do not round intermediate calculations....
Complete the following using the future value formula or financial calculator. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount Interest Time 12 years Principal $ 16,700 Rate Compounded 1.5% Annually
Complete the following using the future value formula or financial calculator (Do not round intermediate calculations....
Complete the following using the future value formula or financial calculator (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount Interest Time 5 years Principal $ 4,000 Rate Compounded 12 % Quarterly
The following table describes the characteristics of five annuities: E. Calculate the future value of each annuity given its characteristics. The future value, FV, on the annuity at the end of the deposit period for Deposit A is $ . (Round to the nearest cent.) i Data Table 4% Annual Annuity Interest Annuity Deposit Payment Rate Length (yr) $2,200 $800 6% $1,300 8% $12,400 9% $4,100 15% (Click on the icon located on the top-right corner of the data table...
P4A.16 (similar to) Question Help Using a financial calculator or an Excel spreadsheet, calculate the following a. The present value of $620 to be received 2 years from now, using a discount rate of 11% b. The present value of the following end-of-year income streams, using a discount rate of 19% and assuming it is now the beginning of 2018 a. The present value of the future sum in part (a) is $ . (Round to the nearest cent.) ©...
Continuous compounding For the case in the following table, find the future value at the end of the deposit period, assuming that interest is compounded continuously at the given nominal annual rate. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Amount of initial deposit $2,600 Nominal annual rate, r 8% Deposit period (years), n 11 The future value at the end of the deposit period is $ . (Round...
P4A.16 (similar to) Question Help Using a financial calculator or an Excel spreadsheet, calculate the following a. The present value of $740 to be received 2 years from now, using a discount rate of 14%. b. The present value of the following end-of-year income streams, using a discount rate of 21% and assuming it is now the beginning of 2018 a. The present value of the future sum in part (a) is $ (Round to the nearest cent.) 0 Data...
Please answer the following on a financial calculator with given
steps.
You won a lottery! To collect your winnings you will be paid annual amounts of $10,300 for each of the next 22 years. The appropriate discount rate is 10 percent per year Calculate the difference in the present value if you are paid these annual amounts of money at the beginning of each year rather than at the end of each year. Jessica would like to buy an annuity....
ak: Chapter 19 Saved Complete the following using the future value formula or financial calculator. (Do not round int final answers to the nearest cent.) Amount Interest Time Principal $ 17200 Rate Compounded 2% Annually 11 years Prev 1 of 13 Ne * a Search ACKARD
Complete the following using the future value formula or financial calculator. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount interest Time 7 years Principal $ 2,400 Rate Compounded 12 % Quarterly
Complete the following using the future value formula or financial calculator. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount Interest Time 12 years Principal $ 16,700 Rate Compounded 1.5% Annually
Complete the following using the future value formula or financial calculator (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount Interest Time 5 years Principal $ 4,000 Rate Compounded 12 % Quarterly
Most questions answered within 3 hours.
-
Please explain all the options in brief.
In a forest fire, many oak trees were destroyed....
asked 6 minutes ago -
Queuing Theory Problem:
Traffic to a message switching system , arrives in a random
pattern at...
asked 13 minutes ago -
During the past six months, 73.2 percent of US households
purchased sugar. Assume that these expenditures...
asked 24 minutes ago -
Which is a possible value for the principal quantum number
n?
7, 3.14 , 2.5, None...
asked 28 minutes ago -
Everyone loves a helium filled balloon for a party. Do some
basic Internet research and answer...
asked 27 minutes ago -
Here is a pair of aromatic compounds that each have a complicated
set of aromatic peaks....
asked 46 minutes ago -
As with many public goods, determining the appropriate level of
government support for the production of...
asked 49 minutes ago -
Write a balanced chemical equation for the oxidation reaction
between Caro’s acid (H2SO5) and CN– ion...
asked 52 minutes ago -
Calculate the number of valence electrons for
[Mo(C6H6)(CO)3]
asked 1 hour ago -
Which of the following are true about the strength of the
association between two variables?
1-...
asked 59 minutes ago -
You are a monopolist and know that your consumers have a linear
demand curve. At what...
asked 58 minutes ago -
Raising a heavy load requires work. Raising it in half the time
requires:
asked 1 hour ago