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3. Given P-$10,000, which is borrowed at 8% per year. a. What is the future value...
Future Value Compute the future value in year 8 of a $350 deposit in year 3...
Future Value Compute the future value in year 8 of a $350 deposit in year 3 and another $150 deposit at the end of year 5 using a 10% interest rate. Future Value of an Annuity What is the future value of a $1,700 annuity payment over 10 years if the interest rates are 9 percent? Present Value of a Perpetuity What's the present value, when interest rates are 6.80 percent, of a $130 payment made every year forever? Future...
1.What is the future value of $510 per year for 8 years compounded annually at 11...
1.What is the future value of $510 per year for 8 years compounded annually at 11 percent? The future value of $510 per year for 8 years compounded annually at 11 percent is $_ (Round to the nearest cent.) 2. What is the present value of $2,500 per year for 10 years discounted back to the present at 11 percent? The present value of $2,500 per year for 10 years discounted back to the present at 11 percent is $_...
solve Find the future value of $10,000 placed in an account earning 82% per year for...
solve
Find the future value of $10,000 placed in an account earning 82% per year for 20 years, if the interest is compounded: a. annually b. daily. c. How much more is earned by compounding daily?
6. You borrowed $10,000 today and agreed to pay $1,000 per year with an effective annual...
6. You borrowed $10,000 today and agreed to pay $1,000 per year with an effective annual interest rate of 6%. After 5 years, you missed payments 6 & 7. Assuming no penalties for missed payments, please answer the following questions: a) What would be the worth of the outstanding balance at the end of year 7? b) To compensate for the missed payments, you have agreed to pay $1,500 per year starting at the end of year 8. How much...
1. Compute the Future Value of a 20-year annuity that pays $15,000 per year. Assume an...
1. Compute the Future Value of a 20-year annuity that pays $15,000 per year. Assume an interest rate of 10.00 percent. Puck currently has $10,000 in his bank account which pays 4.00 %, compounded monthly. How much must Puck save every month, if he wants to accumulate a total of $15,000 in 5 years? 3. Assume that Schuester Bancorp is paying 3.50 percent, compounded weekly, on new deposits. How many years will it take for an initial deposit to triple...
3. What is the future value of $10,000 in 5 years if you put in an...
3. What is the future value of $10,000 in 5 years if you put in an account earning 5% per year compounded monthly?
What is the future value of an 8 year ordinary annuity with an annual payment of...
What is the future value of an 8 year ordinary annuity with an annual payment of $600 if the interest rate is 13.5%? What is the present value of a 17 year ordinary annuity with an annual payment of $216,000 if the opportunity cost rate is 15.2%? An ordinary annuity pays $16,375 per year for 9 years. If you pay $100,000 for this annuity now, what rate of return (interest rate) will you earn? A 22 year...
CTL (Concrete Testing Lab) borrowed $120,000 for new equipment at 12% per year, compounded quarterly. It...
CTL (Concrete Testing Lab) borrowed $120,000 for new equipment
at 12% per year, compounded quarterly. It is to be paid back over 4
years in equal quarterly payments.
How much interest is in the 6th payment? $
How much principal is in the 6th payment? $
What principal is owed immediately following the 6th
payment?
How much is the future value of $10,000 in twelve years which earns 11% interest? $23,200.00...
How much is the future value of $10,000 in twelve years which earns 11% interest? $23,200.00 $34,984.50 $34,785.50 $34,894.50 A project should be accepted if its internal rate of return exceeds: the company’s required rate of return. the rate the company pays on borrowed funds. zero. the rate of return on a government bond.
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Find the future value of $10,000 placed in an account earning 82% per year for 20 years, if the interest is compounded: a. annually b. daily. c. How much more is earned by compounding daily?
6. You borrowed $10,000 today and agreed to pay $1,000 per year with an effective annual interest rate of 6%. After 5 years, you missed payments 6 & 7. Assuming no penalties for missed payments, please answer the following questions: a) What would be the worth of the outstanding balance at the end of year 7? b) To compensate for the missed payments, you have agreed to pay $1,500 per year starting at the end of year 8. How much...
1. Compute the Future Value of a 20-year annuity that pays $15,000 per year. Assume an interest rate of 10.00 percent. Puck currently has $10,000 in his bank account which pays 4.00 %, compounded monthly. How much must Puck save every month, if he wants to accumulate a total of $15,000 in 5 years? 3. Assume that Schuester Bancorp is paying 3.50 percent, compounded weekly, on new deposits. How many years will it take for an initial deposit to triple...
3. What is the future value of $10,000 in 5 years if you put in an account earning 5% per year compounded monthly?
CTL (Concrete Testing Lab) borrowed $120,000 for new equipment
at 12% per year, compounded quarterly. It is to be paid back over 4
years in equal quarterly payments.
How much interest is in the 6th payment? $
How much principal is in the 6th payment? $
What principal is owed immediately following the 6th
payment?
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