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1. You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of return on your investment, how much will
1. You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of return on your investment, how much will you sell the land for in 10 years? 2. What is the present value of $1,000 to be received 10 years from today? Assume that the investment pays 8.5% and it is compounded monthly (round to the nearest $1). 3. If you invest $750 every six months at 8% compounded semi-annually, how much would you accumulate at the end of 10 years? 4. What is the present value of $150 received at the beginning of each year for 16 years? The first payment is received today. Use a discount rate of 9%, and round your answer to the nearest $10
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