How
much would you have to invest today to receive:
a. $100,000 in 6 years at 12 percent?
b.$100,000 in 15 years at 12 percent?
c.$10,000 at the end of each year for 25 years at 12
percent
d.$75,000 at the end of each year for 25 years at 12
percent?
How much would you have to invest today to receive a. $15,000 in
8 years at 6 percent? b. $20,000 in 12 years at 8 percent? c.
$6,000 each year for 5 years at 10 percent? d. $50,000 each year
for 20 years at 12 percent?
You invest $x today at 8% APR compounded annually for 5 years
(you invest only once). Your friend also invests some amount at the
same time at 8% APR compounded annually for 5 years. However, she
invests an additional amount equal to the accumulated interest at
the end of each year. You both end up having the same amount at the
end of 5 years. In order to achieve this, your initial investment
must have been t times as much...
You invest $x today at 8% APR compounded annually for 5 years
(you invest only once). Your friend also invests some amount at the
same time at 8% APR compounded annually for 5 years. However, she
invests an additional amount equal to the accumulated interest at
the end of each year. You both end up having the same amount at the
end of 5 years. In order to achieve this, your initial investment
must have been t times as much...
If you invest $1,632 today and in years 1, 2 and 3 in an account that earns 4.28% APR (compounded annually), how much will you have in the account in 17 years?
FIN101
You have $5,100 to invest today at 11% interest compounded annually. Find how much you will have accumulated in the account at the end of: (0.5 Marks each)
(1) 4 years,
(2) 8 years, and
(3) 12 years.
Using the values below, answer the questions that follow:
Amount of annuity
Interest rate
Deposit period (years)
$500
9%
10
Calculate the future value of the annuity, assuming that it is
An ordinary annuity. (0.5 marks)
An annuity due....
FIN101
You have $5,100 to invest today at 11% interest compounded annually. Find how much you will have accumulated in the account at the end of: (0.5 Marks each)
(1) 4 years,
(2) 8 years, and
(3) 12 years.
Using the values below, answer the questions that follow:
Amount of annuity
Interest rate
Deposit period (years)
$500
9%
10
Calculate the future value of the annuity, assuming that it is
An ordinary annuity. (0.5 marks)
An annuity due....