Question
4. What is the future value of $15,000 saved at i=38.45% , compounded quarterly in 2 years? 5. Suppose you save $19,000 per year in
4. What is the future value of $15,000 saved at i=38.45% , compounded quarterly in 2 years?
5. Suppose you save $19,000 per year in an ordinary annuity promising you an interest rate of i=7.625% compounded once per year. How much will you have after 35 years?
6. A risk-free bond will pay you $1,000 in 1 year. The annual discount rate is i=19.69% compounded annually. What is the bonds present value?
7. A risk-free bond will pay you $1,000 in 2 years and nothing in between. The annual discount rate is i=67.5% compounded annually. What is the bonds present value?
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