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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