Question
1.How much would be in your savings account in seven years after depositing $320 today if the bank pays 10 percent per year? (Do not
1.How much would be in your savings account in seven years after depositing $320 today if the bank pays 10 percent per year?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
2.Compute the value in 31 years of a $1,000 deposit earning 10 percent per year.(Do not round intermediate calculations. Round your answer to 2 decimal places.)
3.What is the present value of a $1,100 payment made in six years when the discount rate is 8 percent?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
4.Compute the present value of an $1,400 payment made in eight years when the discount rate is 10 percent.(Do not round intermediate calculations. Round your answer to 2 decimal places.)
5.What would be more valuable, receiving $300 today or receiving $450 in five years if interest rates are 7 percent?
- receiving $300 today
- receiving $450 future
6.What is the future value of a $990 annuity payment over five years if interest rates are 9 percent?(Do not round intermediate calculations and round your final answer to 2 decimal places.)
7.What is the future value of a $520 annuity payment over six years if interest rates are 10 percent?(Do not round intermediate calculations and round your final answer to 2 decimal places.)
8.What's the present value of a $830 annuity payment over six years if interest rates are 10 percent?(Do not round intermediate calculations and round your final answer to 2 decimal places.)
9.What's the present value of a $570 annuity payment over five years if interest rates are 9 percent?(Do not round intermediate calculations and round your final answer to 2 decimal places.)
10.What's the present value, when interest rates are 8.5 percent, of a $195 payment made every year forever?(Round your answer to 2 decimal places.)
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