Business Finance Assignmant # 1 (Show all work for full cred) Present Value Years Interest Rate Future Value $570 $8,022 $01.133 $210,850 1. 15 10% 18% 12% 4% 9 10 Glven the above date, caloulate the fMure value in each case. (Using the formula and also a finanolal caloulator) Future Value Years Interest Rate Present Value $340 $5,227 $48,950 $612.511 10 20 12 7 6% 2% 12% 10% 2. Given the above data, caloulate the present value in each case. (Using the formula and also a financlal calculator). 3. Glven the following data, solve for the Interest rate in each case. (Use a finanolal caloulator) Present Value Years Future Value Interest Rate $476 $7350 $27,176) $93,412 $615 $18,350 05.000 $200,000 11 19 4. Glven the following data, solve for the number of years in each case. (Use a finanolal caloulator) Future Value $2,500.71 $20,459.26 $182,044.69 $308,000 Years Present Valuae $1,200 $16,310 $75,000 $183,650 Interest rete 8% 12% 3% 9% 6. You expect your newly bom child to attend college in 18 years, You have $12,000 to set aside for that purpose. You also expect that the total cost of college oducation to be $100,000 by that time. Calculate the intereat rate at which you have to Invest today to achleve your goal. How long does it take to double your money at 9 % interest rate? 6 0% interest rate? 7. How long does it take to triple your money at 8. Great Lakes Inc. has an unfunded pension liability of $300 milion that must be paid in 18 years. The financial: analyst wants to discount this liability back to, present for valuation purposes. The appropriate discount rate is 8 % What is the present value of this lability? years, at what rate 9. If you want to double your initial investment of $1,000 in should you invest your money? 10. If you want to quadruple your initial investment of $1,000 in six years, at what rate should you invest your money