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need help solving B-F ALSO G AND H You can use formulas, Excel, or a financial calculator to complete this homework. Please document your answers.
need help solving B-F
ALSO G AND H
You can use formulas, Excel, or a financial calculator to complete this homework. Please document your answers. Answers without proper documentation will not receive full credit. If you decide to use Excel, you can upload the Excel file along with this document. If you do that, no additional documentation will be needed. Please round to two decimal places. Problem 1 Find the following values: a. The future value of a lump sum of $6,000 invested today at 9 percent, annual compounding for 7 years. --- Future value = present value (1+in FV = 6000(1+0.09)^7 FV = 6000*1.828039 FV = $10,968.23 b. The future value of a lump sum of $6,000 invested today at 9 percent, quarterly compounding for 7 years. -- c. The present value of $6,000 to be received in 7 years when the discount rate is 9%, annual compounding d. The present value of $6,000 to be received in 7 years when the discount rate is 9% quarterly compounding e. What is the present value of an ordinary annuity who pays $1,300 per year for ten years at S percent? f. What is the present value of an annuity due who pays $1,500 per year for ten years at 8 percent? g. What is the future value of an ordinary annuity who pays $1,500 per year for ten years at 8 percent? h. What is the future value of an annuity due who pays S1,500 per year for ten years at 8 percent Step by Step Solution
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