Question
Manually calculate the value of the investment, show each years calculation. How much would a $1,000 investment be worth at the end of 3 years
Manually calculate the value of the investment, show each years calculation. How much would a $1,000 investment be worth at the end of 3 years assuming a rate of 5%.
Calculate the future value. Principal invested today-$1,000 at 7% rate in 8 years.
Calculate the present value. Principle future value- $10,000 at a rate of 6% for 16 years.
Calculate the present value of annuity of receiving $5.00 each year for the next 12 years with interest rate of 7%.
Calculate the future value of annuity of investing $6,000 each year starting now for 10 years at 5% interest rate.
How much would you pay today to receive $15,000 in 8 years? Assume a 5% interest rate.
How much would your CD of $1,000 be worth in 6 years at an interest rate of 4%?
How much would you pay today for an investment in which you would receive $5,000 each year for the next 7 years? Assume an interest rate of 6%.
If you save $10,000 per year for the 4 years assuming an interest rate of 7%, how much money would you have?
Suppose you win a small lottery. You can receive $9,000 now or receive $2,100 a year for the next 5 years. Assume 6% interest rate. Which method would be the best choice?
Calculate the effective annual rate of 12% assuming quarterly compounding
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