hope you can help for numbers 11-24.
Practice problems for time value of money for numbers 11-24 the choices can be seen in the table just choose the correct answers. a. 8 years b. 1,000 C. 400,000 d. 27 years e. 1,387.55 f. 4,744.32 g. Present value of lump sum h. 436,331.98 i. 123,764.10 j- 5,131.45 k. 6 years 1. 6.125% m. 28 years n. 76,273.63 0. 4,934.09 p. 40 years q. Future value of Lump sum r. 3 years 5. 1,553,266.78 t. 2,267.48 u. 3,402.92 v. 8.25% w. No answer for this item 10. Essay: why is learning the time value of money concept important? 11. If Myla deposit 16,000 per year for 12 years (each deposit is made at the end of each year) in an account that pays an annual interest rate of 14%, what will her account be worth at the end of 12 years? 12. Jimmy needed a 1,191 in 3 years to be off some debt. How much should he put in saving account that earns 6% today? 13. You are valuing an investment that will pay you 12,000 the first year, 14,000 the second year, 17,000 the third year, 19,000 the fourth year, 23,000 the fifth year, and 29,000 the sixth year (all payments are at the end of each year). What is the value of the investment to you now if the appropriate annual discount rate is 11.0%? 14. If Yohan deposit 100,000 in an account today that pays 6% interest. How long does it before the balance of his account is 500,000? 15. What amount will accumulate if we deposit 8,500 at the beginning of each year for the next 10 years and wait to get the amount for additional 3 years. Assume an interest of 5% compounded annually. 16. Consider an annuity consisting of 3 cash flows of 2,000 each. Assume a 4% interest rate. What is the present value of annuity if the first cash flow occurs four years from today? 17. How does it take to double 5,000 at a compound rate of 12% per year (approx.)? 18. What formula would I use if I solve this problem. If my dad wishes to accumulate his first million in 5 years. How much must he invest today that pays a quarterly interest rate of 5%?Practice problems for time value of money 19. Find the future value of 1,800 in 3 years at 8%. 20. Find the present value of a 3-year, 500 annuity at 4%. 21. Your employer has promised to give you a 5,000 bonus after you have been working for him for 5 years. What is the present value of this bonus if the proper discount rate is 8%? 22. You expect to receive 10,000 as a bonus after 6 years. You have calculated the present value of this bonus and the answer is 7,000. What interest rate did you use in your calculation? 23. Suppose you deposit 70.97 at the beginning of every month in an account that pays 9% interest per year, compounding it monthly. You would like to accumulate 10,000 in this account. How long do you have to wait before you reach your goal? 24. Maggy Corporation started making sinking fund deposits of 20,000 today. Its bank pays 6% compounded semi-annually and the payments will be made every six months for 20 years. What will the fund be worth at the end of that time
