Question
1) Suppose you invest $415 today in an account that earns 04.00% interest annually. How much money will be in your account 11 years from
1) Suppose you invest $415 today in an account that earns 04.00% interest annually. How much money will be in your account 11 years from today?
2) What is the value today, of single payment of $149,600 made 5 years from today, if the value is discounted at a rate of 19.00%?
3) How many years would it take an investment of $859 to grow to $10,614 at an annual rate of return of 12.00%?
4) How much money would you need to deposit today at 24.00% annual interest compounded monthly to have $8,394 in the account after 2 years?
5) If you deposit $341 into an account paying 04.00% annual interest compounded quarterly, how many years until there is $13,610 in the account?
6) If you deposit $2,248 at 04.00% annual interest compounded quarterly, how much money will be in the account after 13 years?
7) If you deposit $1,942 into an account paying 06.00% annual interest compounded monthly, how many years until there is $35,684 in the account?
8) What is the value today of receiving a single payment of $81,338 in 17 years if your required rate of return on this investment is 08.00% compounded semi-annually?
9) If you deposit $638 at 06.00%annual interest compounded daily, how much money will be in the account after 20 years? (Assume that there are 364 days in a year)
10) Suppose you deposit $963 today, $219 in one year, and $633 in two years in an account that pays an annual rate of interest of 18.00%. How much money will be in the account after three years?
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