Question
For the following situations you may round to whole dollars. a. Based on the information below please calculate what the value of $54,321 invested today
For the following situations you may round to whole dollars.
a. Based on the information below please calculate what the value of $54,321 invested today would be in dollars at the end of seven (7) years, compounded at 8%
Periods FV of $1 FV of an Annuity of $1 (factors at 8%)
7 1.71382 8.92280
b. You expect to put $6,250 into your IRA at the end of every year for the next 16 years. The investment returns an annual rate of 12%. How much will you have in 16 years?
Periods FV of $1 FV of an Annuity of $1 (factors at 12%)
16 6.13039 42.75328
c. Based on the information below please calculate how much $22,333 to be received at the end of eleven (11) years is currently valued at today discounted at 11%
Periods PV of $1 PV of an Annuity of $1 (factors at 11%)
11 0.31728 6.20652
d. Based on the information below please calculate the value of $15,000 to be received at the end of each year for the next four (4) years, today assuming it is discounted at 5%
Periods PV of $1 PV of an Annuity of $1 (factors at 5%)
4 0.82270 3.54595
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