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8) Find the present value of $15,000 over a term of 4 years at an annual...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
1. Calculate the present value of $50,000 to be received in 15 years assuming an annual...
1. Calculate the present value of $50,000 to be received in 15 years assuming an annual interest rate of 6%. 2. Calculate the present value of $1,000,000 to be received in 20 years assuming an annual interest rate of 5%, compounded monthly. 3. Calculate the future value of $1,000 invested for 5 years assuming an annual interest rate of 20%. 4. Calculate the future value of $12,000 invested for 18 years assuming an annual interest rate of 12%, compounded monthly....
2. A 3 -month $25,000 treasury bill with a simple annual discount rate of 0.24% was...
2. A 3 -month $25,000 treasury bill with a simple annual discount rate of 0.24% was sold in 2016. Assume 365 days in a year. (a) Find the price of the treasury bill (T-bill). (b) Find the actual interest rate paid by the Treasury. 3.Find the compound amount for the deposit and the amount of interest earned $19,000 at 3% compounded monthly for 18 years. The compound amount after 18 years is $____ 4.Find the interest rate for a $6000 deposit...
1. In a future value of 1 table: Annual Rate Number of Years Invested Compounded ()...
1. In a future value of 1 table: Annual Rate Number of Years Invested Compounded () Rate of Interest (b) Number of Periods a. 10% Annually b. 8% Quarterly 10% Semiannually 2. In a present value of an annuity of 1 table: Annual Rate Number of Years Invested Number of Rents Involved Frequency of Rents (a) Rate of Interest (6) Number of Periods 1096 26 Annually 12% 15 30 Semiannually 8% Quarterly LINK TO TEXT Question Attempts: 0 of 3...
1. Determine the discount rate assuming the present value of $940 at the end of 1-year...
1. Determine the discount rate assuming the present value of $940 at the end of 1-year is $865? 2. $9,800 is deposited for 12 years at 5% compounded annually, determine the FV? 3. If $2,800 is discounted back 4 years at an interest rate of 8% compounded semi-annually, what would be the present value? 4. Consider a newlywed who is planning a wedding anniversary gift of a trip to Canada for her husband at the end of 10 years. She...
a) What is the present value of $40 earned 2-years from now if compounding was semi-annual...
a) What is the present value of $40 earned 2-years from now if compounding was semi-annual and the interest rate is annually 3%? b) A “black box” just paid $20, which is expected to grow by 3% when the interest rate is 7% forever, what is the present value of this “black box”? c) What is the future value of an annuity due with a $15 cash flow, 4% annual interest with quarterly compounding three-years from now? d) If the...
a) What’s the future value of $100 after 3 years if it earns 8%, annual compounding?...
a) What’s the future value of $100 after 3 years if it earns 8%, annual compounding? b) What’s the present value of $100 to be received in 3 years if the interest rate is 8%, annual compounding? c) What annual interest rate would cause $1,000 to grow to $2,000 in 8 years? d) If a company’s sales are growing at a rate of 7.2% annually, how long will it take sales to double?. e) What is the present value of...
Present Value Computation Pete Frost made a deposit into his savings account three years ago, and...
Present Value Computation Pete Frost made a deposit into his savings account three years ago, and earned interest at an annual rate of 8%. The deposit accumulated to $25,000. How much was initially deposited assuming that the interest was compounded (a) annually, (b) semiannually, and (c) quarterly? Use Excel or a financial calculator for computation. Round answers to the nearest dollar. (a) Annually $ (b) Semiannually $ (c) Quarterly $ 0 0
Ch. 6 Time Value of Money Concepts (2 marks) E6-6 Present value; annuities Using the appropriate...
Ch. 6 Time Value of Money Concepts (2 marks) E6-6 Present value; annuities Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2013, of a five-period annual annuity of $5,000 under each of the following situations: 1. The first payment is received on December 31, 2014, and interest is compounded annually. 2. The first payment is received on December 31, 2013, and interest is compoundled annually. 3. The first...
22. Calculate the present value of $5,000 received five years from today if your investments pay...
22. Calculate the present value of $5,000 received five years from today if your investments pay a. 6 percent compounded annually b. 8 percent compounded annually c. 10 percent compounded annually d. 10 percent compounded semiannually e. 10 percent compounded quarterly What do your answers to these questions tell you about the relation between present values and interest rates and between present values and the number of compounding periods per year? (LG 2-9) 23. Calculate the future value in five years of $5,000 received today if your...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
1. In a future value of 1 table: Annual Rate Number of Years Invested Compounded () Rate of Interest (b) Number of Periods a. 10% Annually b. 8% Quarterly 10% Semiannually 2. In a present value of an annuity of 1 table: Annual Rate Number of Years Invested Number of Rents Involved Frequency of Rents (a) Rate of Interest (6) Number of Periods 1096 26 Annually 12% 15 30 Semiannually 8% Quarterly LINK TO TEXT Question Attempts: 0 of 3...
Present Value Computation Pete Frost made a deposit into his savings account three years ago, and earned interest at an annual rate of 8%. The deposit accumulated to $25,000. How much was initially deposited assuming that the interest was compounded (a) annually, (b) semiannually, and (c) quarterly? Use Excel or a financial calculator for computation. Round answers to the nearest dollar. (a) Annually $ (b) Semiannually $ (c) Quarterly $ 0 0
Ch. 6 Time Value of Money Concepts (2 marks) E6-6 Present value; annuities Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2013, of a five-period annual annuity of $5,000 under each of the following situations: 1. The first payment is received on December 31, 2014, and interest is compounded annually. 2. The first payment is received on December 31, 2013, and interest is compoundled annually. 3. The first...
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