24. What is the current rabo round to two decimal places)? USE THE PV and FV Tables located in Canvas "Module 8", notes when using the tables in Canvas you can compute any factor by typing in the blue highlighted portion of the table) or Ball Plus Financial Calculator to answer questions 25 - 30 Use the following to answer questions 25-27 (round to nearest whole dollar) Each of the following people below has invested the folowing amounts today and will keep the money invested for the next ten years. Determine the amount the investment will accumulate over the ten (10) year period Interest amount Compounding today $99,800 99.900 99,700 100.000 6.0% 60% 6.ON 6.0% Quarterly Semiannually Monthly Annually 25.$_ Determine the accumulated investment amount for A's investment for the 10 year period (round to nearest dollar)? 26. dollar? Determine the accumulated investment amount for for the 10 year period (round to nearest 27. $ of the four investments, the future value of the HIGHEST investment accumulation in 10 years fround to the nearest dollar) is: Use the following to answer questions 28-29 (round to nearest whole dollar) The four actors below have just signed a contract to star in a comedy. Each person signs independent contracts with the following terms: Contract How contract is paid Actor 1 $3,000,000 Lumpsum in 4 years Actor 2 3.100,000 Lumpsum in 5 years Actor 3 1,000,000 Every year for 3 years 750,000 Every year for 4 years Assume an annual discount rate of 5% (compounded annually. 28. $ _What is the value of the lowest value contract today round to nearest dollar)? _What is the value of the highest paid contract today (round to nearest dollar? Chapter 8 Spring 2020 Page 8-12 24. What is the current rabo round to two decimal places)? USE THE PV and FV Tables located in Canvas "Module 8", notes when using the tables in Canvas you can compute any factor by typing in the blue highlighted portion of the table) or Ball Plus Financial Calculator to answer questions 25 - 30 Use the following to answer questions 25-27 (round to nearest whole dollar) Each of the following people below has invested the folowing amounts today and will keep the money invested for the next ten years. Determine the amount the investment will accumulate over the ten (10) year period Interest amount Compounding $99,800 99.900 99,700 100.000 6.0% 60% 6.ON 6.0% Quarterly Semiannually Monthly Annually 25.$_ Determine the accumulated investment amount for A's investment for the 10 year period (round to nearest dollar)? 26 Determine the accumulated investment amount for for the 10 year period (round to nearest dollar? 27.9 of the four investments, the future value of the HIGHEST investment accumulation in 10 years (round to the nearest dollar) is: Use the following to answer questions 28-29 (round to nearest whole dollar) The four actors below have just signed a contract to star in a comedy. Each person signs independent contracts with the following terms: Contract How contract is paid Actor 1 $3,000,000 Lumpsum in 4 years Actor 2 3.100,000 Lumpsum in 5 years Actor 3 1,000,000 Every year for 3 years 750,000 Every year for 4 years Assume an annual discount rate of 5% (compounded annually. 28. S _What is the value of the lowest value contract today round to nearest dollar)? _ What is the value of the highest paid contract today (round to nearest dollar? 29. __ Chapter 8 Spring 2020 Page 8-12
