Problem 5-1 Future Value (LG5-1) Compute the future value in year 7 of a $2,500 deposit...
Problem 5-1 Future Value (LG5-1) Compute the future value in year 7 of a $2,500 deposit in year 1, and another $2,000 deposit at the end of year 4 using a 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Homework Answers
Future Value = Present Value(1 + r)t
Interest Rate = 8%
So,
Future Value = 2500(1.08)6 + 2000(1.08)3
Future Value = $6,486.61
Add Answer to:
Problem 5-1 Future Value (LG5-1) Compute the future value in
year 7 of a $2,500 deposit...
Problem 5-5 Present Value (LG5-3) Compute the present value of a $2,500 deposit in year 3,...
Problem 5-5 Present Value (LG5-3) Compute the present value of a $2,500 deposit in year 3, and another $2,000 deposit at the end of year 5 if interest rates are 8 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Problem 5-1 Future Value (LG5-1) Compute the future value in year 9 of a $3,300 deposit...
Problem 5-1 Future Value (LG5-1) Compute the future value in year 9 of a $3,300 deposit in year 1, and another $2,800 deposit at the end of year 5 using a 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value = _______
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Problem 5-5 Present Value (LG5-3) Compute the present value of a $3,100 deposit in year 3, and another $2,600 deposit at the end of year 5 if interest rates are 8 percent (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Present value
Problem 5-43 Future Value (LG5-1) Given an interest rate of 8 percent, compute the year 7 future value if deposits...
Problem 5-43 Future Value (LG5-1) Given an interest rate of 8 percent, compute the year 7 future value if deposits of $1,900 and $2,900 are made in years 1 and 3, respectively, and a withdrawal of $925 is made in year 4. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Future value
Compute the future value in year 8 of a $5,000 deposit in year 1, and another...
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Compute the future value in year 8 of a $3,500 deposit in year 1 and another...
Compute the future value in year 8 of a $3,500 deposit in year 1 and another $3,000 deposit at the end of year 3 using a 10 percent interest rate. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value =
Compute the future value in year 8 of a $4,100 deposit in year 1 and another...
Compute the future value in year 8 of a $4,100 deposit in year 1 and another $3,600 deposit at the end of year 3 using an 10 percent interest rate. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value $
Compute the future value in year 8 of a $4,100 deposit in year 1, and another...
Compute the future value in year 8 of a $4,100 deposit in year 1, and another $3,600 deposit at the end of year 3 using an 10 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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Problem 5-5 Present Value (LG5-3) Compute the present value of a $3,100 deposit in year 3, and another $2,600 deposit at the end of year 5 if interest rates are 8 percent (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Present value
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