Can you see if you can help me figure out problem 16?

Frank Pulver HSA - 3170 Professor Grullon 27 September 2016 Chapter 6 16. if a nurse deposits 24,000 today in a mutual fund that is expected to grow at an annual rate of 8 percent, what will the value be of this investment.? a. Five years from now? b. ten years from now? c. fifteen years from now? d. twenty years from now? 19. The chief financial officer of a home health agency needs to determine the present value of a 120 investment received at the year of year 5, What is the present value in the discount rate is A. 3 %? PV=$120000 x PVIF (3%,5) = $103,513.05 b. 6 %? PV=$120000 x PVIF (6%,5) = $89,670.98 c. 9 %? PV=$120000 x PVIF (9%,5) = $77,991.766 d. 12 %? PV=$120000 x PVIF (12%,5) =$68,091.22 23. After Completing her residency, an obstruction plans to invest $ 25,000 per year at the end of each year into a low - risk retirement account. She expects to earn 5 percent for thirty - five years, what retirement account be worth at the end of those thirty - five years? 27. If uptown clinic invested $ 3,000 in excess cash today, what would be the value of its investment at the end of three years? Future value = Present value (1+R)n a. 16 % compounded semiannually? 3000(1+0.16/2)3 x 2 = 3000*(1+0.08)6 = 3000 x 1.5869 = 4,760.7 b. 16% compounded Quarterly? 3000*(1+0.16/4)3 x 4 = 3000*(1+0.04)12 = 3000 x 1.6010 = 4,803 28. If Summit Hospital invested $10,000 in excess cash today, what would be the value of its investment at the end of three years: a. At an 8 percent annual rate compounded semiannually? b. At an 8 percent annual rate compounded quarterly? Future value = Present Value x (1+R)n a. At 8% annual rate compounded semiannually? 10000*(1+0.08/2)3 x 2 = 10000*(1+0.04)6 = 10000*1.2653 = 12,653 b. At 8% annual rate compounded quarterly? 10000 x (1+0.08/4)3 x 4 = 10000*(1+0.02)6 x 12 = 10000*1.2682 = 12,682