# FIN 3030 Corporate finance..Week 1 assignment 3 Future Value. What is the future value of - 18906

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 1. Future Value.  What is the future value of a. \$572 invested for 5 years at  15 percent compounded annually? b. \$449 invested for 15 years at  14 percent compounded annually? c. \$270 invested for 7 years at  6 percent compounded annually? d. \$1177 invested for 3 years at  13 percent compounded annually? 2. Present Value. What is the present value of a. \$592 to be received  8 years from now at a 14 percent discount rate? b. \$1167 to be received  7 years from now at a 12 percent discount rate? c. \$1155 to be received  12 years from now at a 14 percent discount rate? d. \$784 to be received  14 years from now at a 5 percent discount rate? 3. Future Value of an Annuity. What is the future value of a. \$1176 a year for 13 years at 13 percent compounded annually? b. \$663 a year for 10 years at 13 percent compounded annually? c. \$360 a year for 8 years at 7 percent compounded annually? d. \$338 a year for 11 years at 14 percent compounded annually? 4. Present Value of an Annuity. What is the present value of a. \$387 a year for 5 years at a 9 percent discount rate? b. \$798 a year for 13 years at a 11 percent discount rate? c. \$754 a year for 11 years at a 11 percent discount rate? d. \$550 a year for 8 years at a 11 percent discount rate? 5. How many years will it take to grow a. \$974 to a value of  4,531.43 at a compound rate of  15 percent ? b. \$371 to a value of  986.28 at a compound rate of  13 percent ? c. \$841 to a value of  2,578.34 at a compound rate of  9 percent ? d. \$421 to a value of  1,369.07 at a compound rate of  14 percent ? 6. Interest Rate.  At what interest rate will it take to grow a. \$374 to a value of  1,051.94 over 12 years? b. \$640 to a value of  1,817.23 over 10 years? c. \$372 to a value of  1,623.22 over 13 years? d. \$527 to a value of  2,451.81 over 11 years? 7. Annuity. How many years will it take for a payment of a. \$687 to grow to 9,090.91 at a compound rate of 14 percent? b. \$800 from a future value of 10,586.21 at a compound rate of 14 percent? c. \$536 from a future value of 8,621.75 at a compound rate of 14 percent? d. \$231 from a future value of 1,496.94 at a compound rate of 13 percent? 8. Annuity.  At what interest rate will a payment of a. \$683 grow to 6,890.80 over a period of 7 years? b. \$558 grow to 15,610.04 over a period of 14 years? c. \$802 grow to 8,530.58 over a period of 8 years? d. \$721 grow to 6,884.91 over a period of 8 years?
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