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I've used excel to calculate the answers for these questions. I'd like to see if they are correct, and if not, can the be corrected
I've used excel to calculate the answers for these questions. I'd like to see if they are correct, and if not, can the be corrected with the appropriate work?
> Question 9 What eight-year annuity cash flow will generate a 4.0% return on a $18,500 investment today? Enter as a whole number with two decimal places, e.g., $4.522 must be entered as 4.52. 2.747.76 Question 10 A bank quotes an APR on a 5-year certificate of deposit of 2.65%. The rate is compounded monthly. What is the effective annual return EAR on the CD investment (i.e., the realized of return) Make sure you answer in whole numbers, e.g., 7.843% needs to be entered as 2.68 Question 7 What annual investment rate of return on $2,800 invested today that returns $775 per year for four years? Make sure you answer in whole numbers, e.g., 7.843% needs to be entered as 7.84. 4.2 2 Question 8 How many years will it take to earn a return of 1.57% on a $50,000 investment today that returns $6,000.00 at the end of each year? Enter as a whole number with two decimal places. e.g.. 4.522 years must be entered as 4.52. 9 Question 4 How many years will it take to turn a $50,000 investment today into $146,260.56 if the current interest rate is 5% per year? Enter as a whole number with two decimal places, e.g., 4.522 years must be entered as 4.52. 22 3 Question 5 What is the present value of $2,400 that will be received at the end of each year for 6 years if the annual interest rate is 3.15%? Enter as a whole number with two decimal places, e.g.. $4,500.278 must be entered as 4500.28. 12.936.87 Question 6 What is the future value of $2,400 that will be received at the end of each year for 6 years if the annual interest rate is 3.15%? Enter as a whole number with two decimal places, eg, $4,500.278 must be entered as 4500.28. 15.582.77 Question 1 What is the present value of $4.950 that will be received 7 years from now if the annual interest rate is 3%? Enter as a whole number with two decimal places, e.g., $4,500.278 must be entered as 4500.28. 4,024.8 D Question 2 What is the future value of $4,200 nine years from now if the annual interest rate is 5.5%? Enter as a whole number with two decimal places, e.g., $4,500.278 must be entered as 4500.28. 6,800.2 Question 3 What annual investment rate is required to turn $2.750 today into $4.000 in seven years? Make sure you answer in whole numbers. e.g.. 7.84% needs to be entered as 7.84. 5.5 Step by Step Solution
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