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In: Finance
Calculating Future Values. What is the future value of $3,100 in 17 years assuming an interest...
- Calculating Future Values. What is the future value of $3,100 in 17 years assuming an interest rate of 8.4 percent compounded semiannually?
- Calculating APR. Elliott Credit Corp. wants to earn an effective annual return on its consumer loans of 17.1 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers? Explain why this rate is misleading to an uninformed borrower.
- Calculating Annuity Cash Flows. If you put up $41,000 today in exchange for a 5.1 percent, 15-year annuity, what will the annual cash flow be?
Solutions
jeff jeffy answered 2 years agoRelated Solutions
Calculating Future Values. What is the future value of $3,100 in 17 years assuming an interest...
Calculating Future Values. What is the future
value of $3,100 in 17 years assuming an interest rate of 8.4
percent compounded semiannually?
Calculating APR. Elliott Credit Corp. wants to
earn an effective annual return on its consumer loans of 17.1
percent per year. The bank uses daily compounding on its loans.
What interest rate is the bank required by law to report to
potential borrowers? Explain why this rate is misleading to an
uninformed borrower.
Calculating Annuity Cash Flows. If...
What is the future value of $3,100 in 17 years assuming an interest rate of 8.4...
What is the future value of $3,100 in 17 years assuming an
interest rate of 8.4 percent compounded semiannually? (Do not round
intermediate calculations and round your answer to 2 decimal
places, e.g., 32.16.)
What is the future value of $600 in 25 years assuming an interest rate of 13...
What is the future value of $600 in 25 years assuming an
interest rate of 13 percent compounded semiannually?
What is the future value (FV) OF $60,000 in twenty years, assuming the interest rate is...
What is the future value (FV) OF $60,000 in twenty years,
assuming the interest rate is 4% per year?
A. $111,747
B. $118,321
C. $131, 467
D. $39,000
What is the future value of $500 in 22 years assuming an interest rate of 13...
What is the future value of $500 in 22 years assuming an
interest rate of 13 percent APR, compounded semiannually?
rev: 09_17_2012
Multiple Choice
$7,356.92
$7,986.43
$7,587.11
$751.61
$640.37
What is the future value of $12,857 in 10 years assuming an interest rate of 8...
What is the future value of $12,857 in 10 years assuming an
interest rate of 8 percent compounded monthly?
Maybepay Life Insurance Co. is selling a perpetual contract that
pays $5,849/year. The contract currently sells for $154,173. What
is the rate of return on this investment? Enter answer with 4
decimals (e.g. 0.1234).
Calculating present and future values Use future or present value techniques to solve the following problems....
Calculating present and future values
Use future or present value techniques to solve
the following problems.
If you inherited $60,000 today and invested all of it in a
security that paid a 6 percent rate of return, how much would you
have in 20 years? Round the answer to the nearest cent.
Round FV-factor to three decimal places.
Calculate your answer based on the FV-factor.
$
Calculate your answer based on the financial calculator.
$
If the average new home...
What is the future value of $300 in 19 years assuming aninterest rate of 10...
What is the future value of $300 in 19 years assuming an
interest rate of 10 percent compounded semiannually?
Problem 4-2 Calculating Future Values a. Compute the future value of $2,000 compounded annually for 10...
Problem 4-2
Calculating Future Values
a. Compute the future value of $2,000 compounded annually for 10
years at 8 percent. (Do not round intermediate calculations and
round your answer to 2 decimal places, e.g., 32.16.) Future value
$
b. Compute the future value of $2,000 compounded annually for 10
years at 11 percent. (Do not round intermediate calculations and
round your answer to 2 decimal places, e.g., 32.16.) Future value
$
c. Compute the future value of $2,000 compounded annually...
What is the future value of a one time investment of $5000 after 20 years assuming...
What is the future value of a one time investment of $5000 after
20 years assuming an interest rate of 12% compounded quarterly?
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