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i need steps and anwers for these 8 questions pleaseeeee! 1. Calculate the future value of $4,600 received today if it is deposited at 9
i need steps and anwers for these 8 questions pleaseeeee!
1. Calculate the future value of $4,600 received today if it is deposited at 9 percent for three years. ( 2 points) 2. Calculate the present value of $89,000 to be received in 15 years, assuming an opportunity cost of 14 percent. (2 points) 3. EcoSystems, Inc. is preparing a five-year plan. Today, sales yire $1,000,000. If the growth rate in sales is projected to be 10 percent over the next five years, what will the dollar amount of sales be in year five? ( 3 points) 4. Kay and Arthur are newlyweds and have just purchased a condominium for $70,000. Since the condo is very small, they hope to move into a single-family house in 5 years. How much will their condo worth in 5 years if inflation is expected to be 8 percent? ( 3 points) 5. Calculate the future value of an annuity of $5,000 each year for eight years, deposited at 6 percent. ( 3 points) 6. Calculate the present value of an annuity of $3,900 each year for four years, assuming an opportunity cost of 10 percent. ( 2 points) 7. Cara establishes a seven-year, 8 percent loan with a bank requiring annual end-of-year payments of $960.43. Calculate the original principal amount. (2 points) 8. To buy his favorite car, Larry is planning to accumulate money by investing his Christmas bonuses for the next five years in a security which pays a 10 percent annual rate of return. The car will cost $20,000 at the end of the fifth year and Larry's Christmas bonus is $3,000 a year. Will Larry accumulate enough money to buy the car? ( 3 points) Step by Step Solution
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