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Price: $12.00

- From: Mathematics, Applied Mathematics
- Posted on: Mon 18 Jan, 2016
- Request id: None
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Request Description

1. What is the future value of $5,000 in 10 years at 5%, compounded monthly?
2. What is the future value of $10,000 in 8 years at 8%, compounded quarterly?
3. If you receive $10,000 in 5 years, what is its value today if the appropriate interest rate is 8% and interest is compounded semi-annually?
4. If you received $10,000 5 years back, what is its value today if the appropriate interest rate is 8% and interest is compounded monthly?
5. At what annual rate of return can you triple your money in 8 years if interest is compounded monthly?
6. At what annual rate of return can you quadruple (means 4 times) your money in 16 years, if interest is compounded quarterly?
7. How many periods will it take you to quadruple (means 4 times) your money at 7%, if interest is compounded semi-annually? how many years will it take?
8. How many periods will it take $500 to grow to$8,000 if you believe you can earn interest at the rate of 9% compounded monthly? how many years will it take?
9. What is the present value of $15,500 received in 10 years if interest of 1% is compounded monthly?
10. What is the present value of $22,000 received in 5 years if interest of 1% is compounded quarterly?
Solution Description

(1) $8235