Question
In: Finance
Find the future value for each of the following scenarios, where m is the periodic deposit...
Find the future value for each of the following scenarios, where
m is the periodic deposit and r is the interest
rate.
| compounding | time | future | interest | ||
|---|---|---|---|---|---|
| m | r | frequency | in years | value | earned |
| $450 | 4.1% | annually | 15 | $ | $ |
| $425 | 6.9% | semiannually | 13 | $ | $ |
| $350 | 6.5% | quarterly | 13 | $ | $ |
| $100 | 6.4% | monthly | 6 | $ | $ |
| $250 | 7.7% | weekly | 6 | $ | $ |
Solutions
jeff jeffy answered 1 year agoRelated Solutions
Find the future value for each of the following scenarios, where m is the periodic deposit...
Find the future value for each of the following scenarios, where
m is the periodic deposit and r is the interest
rate.
compounding
time
future
interest
m
r
frequency
in years
value
earned
$275
5.7%
annually
9
$
$
$275
4.9%
semiannually
11
$
$
$450
2.1%
quarterly
14
$
$
$375
3.7%
monthly
14
$
$
$200
7.5%
weekly
8
$
$
1. Find the future value of each deposit if the account pays (a) simple interest, and...
1. Find the future value of each deposit if the account pays
(a) simple interest, and (b) interest compounded annually.
$1500 at 6% for 8 years
2. . Tony opened a hot dog stand last April. He borrowed $6800
to pay for the stand and startup inventory, and he agreed to pay
off the loan in 10 months at 6% simple interest. Find the total
amount required to repay the loan.
The total amount required to repay the loan...
Find the periodic payment for the following simple annuity due. Future Value $21,200 Present Value _________?...
Find the periodic payment for the following simple annuity
due.
Future Value $21,200
Present Value _________?
Payment Period 1 month
Term of Annuity 10 years
Interest Rate 11%
Conversion Period monthly
The periodic payment is $______
.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)
Define present value vs future value. In what scenarios would each method be used?
Define present value vs future value. In what
scenarios would each method be used?
What is the future value of 20 periodic payments of $4,000 each made at the beginning...
What is the future value of 20 periodic payments of $4,000 each
made at the beginning of each period and compounded at 8%?
Build an Excel worksheet to verify your calculation of #1. Show
the calculation year by year (periodic amount, payment, balances
etc.)
Given the information of #1 above, how much you would have to
save every year (period) if you want to have 2 million dollars of
cash after 20 years (periods)
What is the future value of 15 periodic payments of $35,000 each made at the end...
What is the future value of 15 periodic payments of $35,000 each
made at the end of each period and compounded at 12%? Instead of
investing the entire $3,000,000, Bogut invests $580,000 today and
plans to make 9 equal annual investments into the fund beginning
one year from today. What amount should the payments be to
establish the $5,997,000 Tony the Tank Foundation at the end of 9
years? Adam Bryant invests $32,000 at 8% annual interest, leaving
the money...
Future Value of an Annuity Find the future value of the following annuities. The first payment...
Future Value of an Annuity
Find the future value of the following annuities. The
first payment in these annuities is made at the end of
Year 1, so they are ordinary annuities. (Notes:
If you are using a financial calculator, you can enter the known
values and then press the appropriate key to find the unknown
variable. Then, without clearing the TVM register, you can
"override" the variable that changes by simply entering a new value
for it and then...
Find the present value of $350 due in the future under each of the following conditions....
Find the present value of $350 due in the future under each of
the following conditions. Do not round intermediate calculations.
Round your answers to the nearest cent.
6% nominal rate, semiannual compounding, discounted back 5
years.
$
6% nominal rate, quarterly compounding, discounted back 5
years.
$
6% nominal rate, monthly compounding, discounted back 1
year.
$
1) Determine the answer to each of the following questions. 1a. Find the Future Value of...
1) Determine the answer to each of the following
questions.
1a. Find the Future Value of $2500 invested today at 11% for
10 years.
1b. Find the Future Value of $2500 invested today at 11% for
30 years.
1c. Find the Present Value of $6000 received 10 years from
today if the discount rate is 5%.
1d. Find the Present Value of $6000 received 10 years from
today if the discount rate is 10%.
1e. Find the Future Value of...
1. Find the present value of $725 due in the future under each of the following...
1.
Find the present value of $725 due in the future under each of
the following conditions. Do not round intermediate calculations.
Round your answers to the nearest cent.
15% nominal rate, semiannual compounding, discounted back 5
years.
$
15% nominal rate, quarterly compounding, discounted back 5
years.
$
15% nominal rate, monthly compounding, discounted back 1
year.
$
2.
Find the present values of the following cash flow streams. The
appropriate interest rate is 10%. (Hint: It is fairly...
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