• I have 15 questions for a finance homework assignment that i need help with! please help !!
• An investment will pay $50 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $500 at the end of Year 6.
  • If other investments of equal risk earn 11% annually, what is its present value? Round your answer to the nearest cent. $686.79
  If other investments of equal risk earn 11% annually, what is its future value? Round your answer to the nearest cent.
• You want to buy a car, and a local bank will lend you $30,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 11% with interest paid monthly.

What will be the monthly loan payment? Round your answer to the nearest cent.

• What will be the loan's EAR? Round your answer to two decimal places.

1. If you deposit $9,000 in a bank account that pays 12% interest annually, how much would be in your account after 5 years? Round your answer to the nearest cent. a. $15,861.08 2. What is the present value of a security that will pay $26,000 in 20 years if securities of equal risk pay 3% annually? Round your answer to the nearest cent. a. $22,427.83 3. Your parents will retire in 24 years. They currently have $300,000, and they think they will need $1,350,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places. a. N=6.47 4. If you deposit money today in an account that pays 7% annual interest, how long will it take to double your money? Round your answer to two decimal places. a. 10.24 years 5. You have $46,808.11 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $290,000. You expect to earn 14% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations. a. N= 20.32 Future value: annuity versus annuity due 1. What's the future value of a 9%, 5-year ordinary annuity that pays $400 each year? Round your answer to the nearest cent. i. $2,393.88 b. If this was an annuity due, what would its future value be? Round your answer to the nearest cent. $2,609.33 2. An investment will pay $50 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $500 at the end of Year 6. a. If other investments of equal risk earn 11% annually, what is its present value? Round your answer to the nearest cent. $686.79 b. If other investments of equal risk earn 11% annually, what is its future value? Round your answer to the nearest cent. 3. You want to buy a car, and a local bank will lend you $30,000. The loan will be fully amortized over 5 years (60 months), and 4. 5. 6. 1 2 3 4 5 7. the nominal interest rate will be 11% with interest paid monthly. What will be the monthly loan payment? Round your answer to the nearest cent. a. What will be the loan's EAR? Round your answer to two decimal places. Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Round your answers to the nearest cent. a. An initial $300 compounded for 1 year at 10%. b. An initial $300 compounded for 2 years at 10%. c. The present value of $300 due in 1 year at a discount rate of d. The present value of $300 due in 2 years at a discount rate of 10%. Find the following values. Compounding/discounting occurs annually. Round your answers to the nearest cent. a. An initial $700 compounded for 10 years at 6%.$ b. An initial $700 compounded for 10 years at 12%. $ c. The present value of $700 due in 10 year at a discount rate of 6%.$ d. The present value of $2,770 due in 10 years at 12%.$ e. The present value of $2,770 due in 10 years at 6%.$ Define present value. The 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. 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. 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. 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. 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 8. Shalit Corporation's 2011 sales were $14 million. Its 2006 sales were $7 million. a. At what rate have sales been growing? Round your answer to two decimal places. 9. Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years, so, dividing 100% by 5, we find the growth rate to be 20% per year." Is that statement correct? 10. Find the interest rates earned on each of the following. Round each answer to two decimal places. a. You borrow $750 and promise to pay back $780 at the end of 1 year. b. You lend $750 and the borrower promises to pay you $780 at the end of 1 year. c. You borrow $79,000 and promise to pay back $139,225 at the end of 5 years. d. You borrow $15,000 and promise to make payments of $4,058.60 at the end of each year for 5 years. 11. How long will it take $700 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two decimal places. a. 7%.____(years) b. 11%. ____(years) c. 19%.____(years) d. 100%.____(years) 12. Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest cent. a. $1,000 per year for 4 years at 12%.$ b. $500 per year for 2 years at 6%. $ c. $400 per year for 16 years at 0%.$ d. Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent. e. $1,000 per year for 4 years at 12%.$ f. $500 per year for 2 years at 6%. $ g. $400 per year for 16 years at 0%.$ 13. Find the present values of these ordinary annuities. Discounting occurs once a year. Round your answers to the nearest cent. a. $300 per year for 12 years at 4%.$ b. $150 per year for 6 years at 2%. $ c. $700 per year for 6 years at 0%.$ Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent. d. $300 per year for 12 years at 4%.$ e. $150 per year for 6 years at 2%. $ f. $700 per year for 6 years at 0% Present value of a perpetuity 14. What is the present value of a $500 perpetuity if the interest rate is 8%? Round your answer to the nearest cent. $ 15. If interest rates doubled to 16%, what would its present value be? Round your answer to the nearest cent