Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A FV of $ 6 0 0 , 0 0 0 is worth a PV of $ 8 0 , 0 0 0 today. Assuming

A FV of $600,000 is worth a PV of $80,000 today. Assuming a rate of return of 8% per year, how many years were involved in the calculation (NPER) of the PV?
Group of answer choices
24.35 years
28.00 years
-26.18 years (negative)
26.18 years
Flag question: Question 2
Question 20.25 pts
A FV of $2,000,000 is worth a PV of $50,000 today. Assuming a rate of return of 11.5% per year, how many years were involved in the calculation (NPER) of the PV?
Group of answer choices
-33.89 years (negative)
30.00 years
33.89 years
34.29 years
Flag question: Question 3
Question 30.25 pts
A FV of $1,000,000 is worth a PV of $50,000 today. Assuming a rate of return of 12.5% per year, with monthly compounding, how many years were involved in the calculation (NPER) of the PV?
Group of answer choices
No solution / error
25.43 years
24.09 years
28.00 years
Flag question: Question 4
Question 40.25 pts
Andrew has some rare artifacts that he wants to sell. Today, he can sell them for $65,000. When he acquired them, they were worth $15,000. Assuming a growth rate of 11% that compounds monthly, how many months has Andrew had these sculptures?
Group of answer choices
14.05 months
160.70 months
168.61 months
13.39 months
Flag question: Question 5
Question 50.25 pts
Greg has an investment that he hopes will be worth $500,000. Greg invested a total of $25,000 in the investment today. The investment is earning 10.5% annually. How long will it take (in years) until Greg has his $500,000?
Group of answer choices
-30.00 years (negative)
30.00 years
31.00 years
No solution / error
Flag question: Question 6
Question 60.25 pts
Parker has a rare sculpture that is supposed to be worth $10,000 sometime in the future. Parker was just offered $4,500 for the sculpture today (PV). Based on an interest rate (discount rate) of 11.5% per year, how many years would Parker have had to wait to get the $10,000 value in the future?
Group of answer choices
-6.28 years (negative)
6.28 years
-7.34 years (negative)
7.34 years
Flag question: Question 7
Question 70.25 pts
Shandra has calculated that her investment of $3,000 will grow to $100,000. If she has a rate of 9%(which is then compounded monthly), how long (in years) will it take for Shandra to have her $100,000?
Group of answer choices
469.29 years
21.50 years
5,631.51 years
39.11 years
Flag question: Question 8
Question 80.25 pts
A FV of $25,000 is worth a PV of $10,000 today. Assuming a rate of return of 9.5% per year, how many years were involved in the calculation (NPER) of the PV?
Group of answer choices
-10.10 years (negative)
10.10 years
9.00 years
11.00 years
Flag question: Question 9
Question 90.25 pts
Brandon has $3,800 that he wants to invest today to grow into $16,000. He finds an investment that earns 9.5% with monthly compounds. How many months will he wait till he has the $16,000?
Group of answer choices
15.84 months
15.19 months
182.31 months
190.09 months
Flag question: Question 10
Question 100.25 pts
A FV of $1,500,000 is worth a PV of $70,000 today. Assuming a rate of return of 9.0% per year, how many years were involved in the calculation (NPER) of the PV?
Group of answer choices
No solution / error
37.00 years
35.56 years
-35.56 years (negative)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bond Markets Analysis And Strategies

Authors: Frank J.Fabozzi

7th Edition

0136078974, 978-0136078975

More Books

Students also viewed these Finance questions

Question

Why is actual costing rarely used for product costing?

Answered: 1 week ago