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1. Calculate the present value of RM10,000 to be received in exactly 10 years, assuming a annual interest rate of 9%. 2. Calculate the future
1. Calculate the present value of RM10,000 to be received in exactly 10 years, assuming a annual interest rate of 9%. 2. Calculate the future value of RM10,000 invested for 10 years, assuming an annual interest rate of 9%. 3. Calculate the present value of an ordinary annuity of RM5,000 received annually for 10 years, assuming a discount rate of 9%. 4. Calculate the present value of an annuity of RM5,000 received annually that begins today and continues for 10 years, assuming a discount rate of 9%. 5. Calculate the future value of an ordinary annuity of RM5,000 received for 10 years, assuming an earnings rate of 9%. 6. Calculate the future value of an annual annuity of RM5,000 beginning 6. today and continuing for 10 years, assuming an earnings rate of 9%. 7. Ali borrows RM240,000 at 8% for a mortgage for 15 years. Prepare an annual amortization table assuming the first payment is due January 30, 2010, exactly 30 days after the loan. 8. Joella invested RM5,000 in an interest-bearing promissory note earning an 8% annual rate of interest compounded monthly. How much will the note be worth at the end of 5 years, assuming all interest is reinvested at the 8% rate? 9. Citraexpects to receive RM50,000 in 2 years. Her opportunity cost is 10% compounded monthly. What is the sum worth to Citra today? 10. Lolrenzo purchased a zero-coupon bond 9 years ago for RM600. If the bond matures today and the face value is RM1,000, what is the average annual compound rate of return (calculated semiannually) that Lolrenzo realized on her investment? 11. Today Evall put all of his cash into an account earning an annual interest rate of 10%. Assuming he makes no withdrawals or additions into this account, approximately how many years must Evall wait to double his money? Use the Rule of 72 to determine the
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