Login to Your Account

Solution Posted by

Solution Detail

Price: $20.00

- From: Business,
- Posted on: Thu 18 Jul, 2013
- Request id: None
- Purchased: 0 time(s)
- Average Rating: No rating

Request Description

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? |

Solution Description

Please