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please show calculator steps, explain well a, b, c Suppose you will receive $2,000 two years from today (at the end of the second year)
please show calculator steps, explain well
Suppose you will receive $2,000 two years from today (at the end of the second year) and $3,000 five years from today (at the end of the fifth year). What is the Future value of this stream of cash flows (at the end of the fifth year) when the interest rate is 6% per year (compounded annually)? 1) $5,000 2) $5,077 3) $5,382 4) $5,705 Calculate the balance you would have in an account after 4 years assuming $6,000 was deposited today at 16% compounded semiannually and quarterly. 1) $11,106 (semiannually) and $11,238 (quarterly) 2) $10,864 (semiannually) and $11,238 (quarterly) 3) $10,864 (semiannually) and $11,106 (quarterly) 4) $9,670 (semiannually) and $10,864 (quarterly) What is the present value of $10,000 that will be paid 18 months from today, when the APR (monthly compounded annual interest rate) is 18%? 1) $13,073 2) $12,818 3) $7,801 4) $7,649 a, b, c
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