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Maria expects to receive a payment of $34,000 in 33 years. At a discount rate of 11%, what is the present value of this payment?
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What is the present value of the payment? $ (Round to the nearest cent.)
You have $560 in an account which pays 4.2 compounded annually. How many additional dollars of interest would you earn over 10 years if you moved the money to an account earning 6.4%?
How many additional dollars of interest would you earn overs 10 years from the account that pays 6.4%? $
(Round to the nearest cent.)
You have $500 in an account which pays 4.8% compounded annually. If you invest your money for
10 years, then how many dollars of interest will you earn by the end of the term?
The amount of interest you will earn by the end of the term is
$.
(Round to the nearest cent.)
Calculate the future value of the single cash flow deposited today that will be available at the end of the deposit period if the interest is compounded annually, at the rate specified over the given period.
| Single
Cash Flow ($) |
Interest
Rate (%) |
Years | Future
Value ($) |
||
| 871,000 | 6 | 8 | |||
| 257,000 | 18 | 20 | |||
| 150,000 | 14 | 13 | |||
| 584,000 | 9 | 25 | |||
| Single
Cash Flow ($) |
Interest
Rate (%) |
Years | Future
Value ($) |
||
| 871,000 | 6 | 5 | (Round to the nearest cent.) | ||
|
|
|||||
Ted Roberts has been offered the following future payments n years
from today. If his opportunity cost is i,
compounded annually, what value would he place on each opportunity?
| Future
Value ($) |
Interest
Rate (%) |
Years | Present
Value ($) |
|
| 9,500 | 5 | 10 | ||
| 6,500 | 7 | 27 | ||
| 5,700 | 15 | 26 | ||
| 2,600 | 11 | 23 |
Andy promises to pay Opie $5,000 when Opie graduates from Mayberry University in
11 years. How much must Andy deposit today to make good on hispromise, if he can earn
7% on his investments?
How much must Andy deposit today to make good on his
promise?
$
(Round to the nearest cent.)
You will receive a
$120,000 inheritance in 7 years. You could invest that money today at 8% compounded
semi dash annuallysemi-annually. What is the present value of your inheritance?
What is the present value of your inheritance?
$
(Round to the nearest cent.)
