Question
If you invest $100 per year for 12 years at an interest rate of 6%, how much money will be in the account in the
If you invest $100 per year for 12 years at an interest rate of 6%, how much money will be in the account in the future?
What type of problem is this: lump sum or annuity?
Fill in each of the following (Note: one of the answers is unknown write ?):
PV =
FV =
CF =
t =
r =
Draw a time line
Write the appropriate formula.
Solve the problem.
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Valuation Workbook
Authors: Tim Koller, Marc Goedhart, David Wessels, Jeffrey P. Lessard, McKinsey & Company
4th Edition
0471702161, 978-0471702160
