eBook You have $4,851.59 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $210,000. You expect to earn 14% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. years eBook Problem Walk-Through An investment wil pay $150 at the end of each of the next 3 years, $250 at the end of Year 4, $400 at the end of Year 5, and $600 at the end of Year 6. If other investments of equal risk cam 9% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent Present Value: $ Future values eBook Problem Walk-Through You want to buy a car, and a local bank wil lend you $10,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 10% with interest paid monthly. What will be the monthly loan payment? What will be the loan's EAR? Do not round intermediate calculations. Round your answer for the monthly loan payment to the nearest cent and for EAR to two decimal places Monthly loan payments EAR eBook Find the following values using the equations and then a financial calculator. Compounding/discounting cours annually. Do not round intermediate calculations. Round your answers to the nearest cent a. An initial $500 compounded for 1 year at 5%. $ b. An initial $500 compounded for 2 years at 6% $ A-Z C. The present value of $500 due in 1 year at a discount rate of 6%. d. The prese value of $500 due in 2 years at a discount rate of 6% $ als eBook Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $400 compounded for 10 years at 8% $ b. An initial $400 compounded for 10 years at 16% $ C. The present value of $400 due in 10 years at 8%. $ d. The present value of $1,660 due in 10 years at 16% and 8% Present value at 16%:$ Present value at %5 e. Define present value 1. md present value is the value today of a sum of money to be received in the future and in general is less than the future value. 11. The present value is the value today of a sum of money to be received in the future and in general is greater than the future value III. The present value is the value today of a sum of money to be received in the future and in general is equal to the future value TV. The present value is the value in the future of a sum of money to be received today and in general is less than the future value V. The present value is the value in the future of a sum of money to be received today and in general is greater than the future value How are present values affected by interest rates? eBook Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. a. $200 per year for 16 years at 6%. $ b. $100 per year for 8 years at 3%. $ c. $700 per year for 8 years at 0%. $ d. Rework parts a, b, and c assuming they are annuities due. Future value of $200 per year for 16 years at 6%:$ Future value of $100 per year for 8 years at 3%: $ Futtore value of $700 per year for 8 years at 0%: $ Save & Continue Continue without saving eBook Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round Intermediate calculations. Round your answers to the nearest cent. a $800 per year for 12 years at 16%. $ b. $400 per year for 6 years at 8%. $ c. $700 per year for 6 years at 0%. $ d. Rework previous parts assuming they are annuities due. Present value of $800 per year for 12 years at 16%:$ Present value of $400 per year for 6 years at 8%:$ Present value of $700 per year for 6 years at 0%: $ Save & Con Continue Continue without saving eBook What is the present value of a $400 perpetuity if the interest rate is 9%? If interest rates doubled to 18%, what would its present value be? Round your answers to the nearest cent. Present value at 9%:$ Present value at 18%:$ Save & Continue Continue without saving
