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please answer 2,8 and 9 no pictures answers yes excel work Questions 1-14) how much more money would you earn from your second City Dalin
please answer 2,8 and 9
no pictures answers
yes excel work
Questions 1-14) how much more money would you earn from your second City Dalin account a un end of eight years? 2. Calculating Future Values [LO1] For each of the following, compute the future value: X Years Interest Rate Present Value $ 2,328 7,513 74.381 192,050 Future Value you 3. ive Calculating Present Values (LO2) For each of the following compute the present value: Present Value Years Interest Rate Future Value $ 16,832 48,318 886,073 550.164 4. Calculating Interest Rates (LO3] Solve for the unknown interest rate in each of the following: Present Value 2 $ 181 Interest Rate Years 5 17 335 - 48.000 Future Value $ 317 1.080 185.382 531.618 40.353 5. Calculating the Number of Periods (L04) Solve for the unknown number of years in each of the following: x Present Value Years Interest Rate Future Value $ 560 $ 1,389 810 1.821 18.400 289,715 21.500 430.258 6. Calculating Interest Rates (L03] Assume the total cost of a college education will be 5345,000 when your child enters college in 18 years. You presently have $73,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? 7. Calculating the Number of Periods (L04) At 6.1 percent interest, how long does it take to double your money? To quadruple it? 8. Calculating Interest Rates (L03) According to the Census Bureau, in October 2016, the average house price in the United States was S354,900. In October 2000, the average price was $215.100. What was the annual increase in the price of the average house sold? 9. Calculating the Number of Periods (L04] You're trying to save to buy a new $245,000 Ferrari. You have $50,000 today that can be invested at your bank. The bank pays 4.3 percent annual interest on its accounts. How long will it be before you have enough to buy the car? 10. Calculating Present Values [LO2Imprudential, Inc., has an unfunded pension liability of $415 million that must be paid in 20 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 5.2 percent, what is the present value of this liability Step by Step Solution
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