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Please answer both Question 23 (1 point) You are to receive $800 in 5 years. If...
Question (2): (1x5-5 Marks) 1- Calculate the future value of $12,000 invested today for 3 years if your investment pays 8% compounded semiannually (1.0 Mark) 2- Calculate the present value of $9,000 received 6 years from today if your investment pays 12% compounded quarterly. (1.0 Mark) (3.0 Marks) 3- Calculate the present value of the following annuity stream: a) Ordinary annuity of $5,000 received each year for 5 years if your investment pays 5% (Imark) compounded annually. b) Ordinary annuity...
Question 5 (1 point) Stanley Roper has $2,400 that he is looking to invest. His brother approached him with an investment opportunity that could give Patrick $4,600 in 4 years. What interest rate would the investment have to yield in order for Stanley’s brother to deliver on his promise? (Answer needs to be stated as a decimal. For example: .1192) Round to four decimal places. Your Answer: Question 5 options: Answer Question 6 (1 point) Chuck Brown will receive from...
PLEASE SOLVE 1 TO 5 QUESTIONS.
Question 1: To what future value will a principal of $6100.00 amount in three years at 7.6% p.a. compounded: a) annually b) semi-annually c) quarterly d) monthly Question 2: Orange Credit Union expects an average annual growth rate of 16% for the next five years. If the assets of the credit union currently amount to $1.7 million, what will the forecasted assets be in five years? Question 3 A loan for $14320 with interest...
Please help by providing explanation/step by step processes for solutions. Thank you! A young adult expects to receive a cash gift of $9,402 from his trust fund in 9 years. At an interest rate of 10% compounded annually, the present value of the gift is closest to: _______ You expect to buy a house in 9 years. At that time, you will need a down payment of $45,524. A local bank offers a savings account that pays 5% per year,...
can you please use TI calculator and provide steps.
Question 4 1/1 point I make an initial deposit of $4,000 followed by withdrawals of $25.00 per month. The nominal APR is 800% compounded semian balance in 40 years? ally what is my $9,818 $78,418 $8,145 $176,254 Question 5 1/1 point Same as Problem 4 except different withdrawal. I make an initial deposit of $4,000 followed by withdrawals of $300 per month. The nominal APR is 800% compounded semi-annually. balance in...
You will receive $1000 one year from now, $800 two years from now, $860 three years from now, and $1800 four years from now. If the discount rate is 10 percent,calculate the present value of these cash flows.
Question 2 of 5 A contract requires lease payments of $800 at the beginning of every month for 10 years. a. What is the present value of the contract if the lease rate is 5.94% compounded annually? $0.00 Round to the nearest cent b. What is the present value of the contract if the lease rate is 5.94% compounded daily? Round to the nearest cent Submit Question Next Question
Question 7 (1 point) Your brother has asked you to help him with choosing an investment. He has $6,400 to invest today for a period of two years. You identify a bank CD that pays an interest rate of 0.0500 annually with the interest being paid quarterly. What will be the value of the investment in two years? Round to two decimal places. Question 8 (1 point) You are evaluating a growing perpetuity product from a large financial services firm....
1. $800 invested at an annually compounded interest rate of 6 percent will be worth how much at the end of 10 years? a) $1,280. b) $1,433. c) $1,417. d) $1,369. 2. What is the present value of $500 to be received eight years from now if the interest rate is 5 percent? a) $300. b) $338.42. c) $700. d) $738.72 3. Kira has $2,000 to invest today that she wants to grow to $3,000 in five years. What annually...
X Problem 3.LO3.21 (similar to) Question Help ute the You will receive a $100,000 inheritance in 5 years. You could invest that money today at 11% compounded semi-annually. What is the present value of your inheritance? What is the present value of your inheritance? S (Round to the nearest cent.) pert A Goog 5,803