FV = PV(1 + r)t
FV = $1,300[1 + (0.08/12)](5 × 12)
FV = $1,300(1 + 0.006667)60
FV = $1,936.80
What's the future value of $1,300 after 5 years if the appropriate interest rate is 8%,...
what's the future value of $1,050 after 5 years if the appropriate interest rate is 6%, compounded monthly? Select the correct answer. a. $1,407.49 b. $1,416.29 c. $1,403.09 d. $1,411.89 e. $1,425.09
Question 22 What's the future value of $4.400 after 5 years if the appropriate interest rate is 6%, compounded semiannually? a. $5,381.04 b. $5.794.97 c. $5,913.23 d. $4,612.32 e. $7.214.14 Question 23 What's the future value of $1,300 after 5 years if the appropriate interest rate is 6%, compounded monthly a. $1,753.51 b. $1,928.86 c. $1,841.18 d. $1,385.27 e. $1,683.36 Question 24 Some of the cash flows shown on a time line can be in the form of annuity payments...
What's the present value of $1,050 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? Select the correct answer. a. $768.04 b. $762.84 c. $773.24 d. $783.64 e. $778.44
What's the present value of $1,325 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? Select the correct answer. a. $982.32 b. $994.62 c. $990.52 d. $986.42 e. $978.22
1. What's the future value of $55,000 after 20 years if the appropriate interest rate is 3%, compounded semiannually? 2. Tucson Bank offers to lend you $50,000 at a nominal rate of 12%, compounded monthly. The loan (principal plus interest) must be repaid at the end of the year. Phoenix Bank also offers to lend you the $50,000, but it will charge an annual rate of 10.8%, with no interest due until the end of the year. How much higher...
Question 18 What's the future value of $1,600 after 5 years if the appropriate interest rate is 6%, compounded monthly? $2,179.74 $2,417.14 $2,676.12 $2,093.42 $2,158.16 stion 1 Your sister is thinking about starting a new business. The company would require $355,000 of assets, and it would be finance entirely with common stock. She will go forward only if she thinks the firm can provide a 13.5% return on the invested capital. which means that the firm must have an ROE...
What is the future value of $10,000 in 3 years if the appropriate rate is 5%? O a. $8,638.38 b. $8,500.00 O c. $11.576.25 d. $11,500 How much is needed to be saved today to have $10,000 in 10 years if you will earn 6%, compounded monthly? a. $5.500.00 b. S5,496.33 c. $5,583.95 d. $6,000.00 What is the effective annual rate of a 12% APR compounded monthly? O a. 1% O b. 12.68% O c. 12% O d. 12.12% Your...
Question 4 (1 point) v Saved What's the present value of $10,000 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? O a) $8506.28 O b) s8150.51 O c) 87413.72 d) $6090-49 e) $799 20
Calculate the future value of $3,000 in a. Four years at an interest rate of 5% per year. b. Eight years at an interest rate of 5% per year. c. Four years at an interest rate of 10% per year. d. Why is the amount of interest eared in part (a) less than half the amount of interest earned in part (b)? a. Four years at an interest rate of 5% per year. The future value of $3,000 in 4...
-What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding. A. $301,115 B. $306,492 C. $310,868 D. $342,908 E. $347,267 -Karen is borrowing $17,800 to buy a car. The terms of the loan call for monthly payments for 5 years at 8.6 percent interest. What is the amount of each payment? A. $287.71 B. $291.40 C. $301.12 D. $342.76 E. $366.05 -Jonathan Corp. is evaluating a project with an initial cash...