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please show all work neat and spaced out Calculate: 8 points each 1- The present value of $10,000 to be received on 2/18/31 with a
please show all work neat and spaced out Calculate: 8 points each 1- The present value of $10,000 to be received on 2/18/31 with a 9% d.f. 2- The future value on 2/18/55 of $30,000 earning 6% per year compounded quarterly. 3- How many years' does it take for $25,000 to grow to $60,000 at 6% ? 4- What rate is necessary for $16,000 to grow to $25,000 in 10 years? 5- Suppose you borrowed $45,000 to purchase a new car. The leader charges 4.5% annually and the loan is for 5 years. What is the monthly payment? 6- You sign up for a 401k plan at work and contribute $1,000 each month beginning today. What is account's value on 2/18/2071 if you earn 7% per year and make the last contribution on 1/18/2071? 7- You win the lottery and a $1,000,000 prize. The prize pays monthly installments for 10 years and you discount them at 8%. What is the present value of the prize? 8- You just signed a 39 month lease on a 2021 BMW X-7. The car costs $70,000 and has a residual value of $40,000. If the lease carries a 5% interest rate, what are the monthly payments
please show all work neat and spaced out
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