Present Value of a Single Sum
4. What is the present value of $800 to be received at the end of 8 years, assuming an annual interest rate of 8 percent?
a. $425
b. $432
c. $441
d. $437
5. Pete would like to buy a house 5 years from now. He needs a down payment of $10,000. How much would he have to invest today, earning an annual interest rate of 5% in order to have the full amount for his down payment?
a. $10,000
b. $11,000
c. $7,835
d. $7,583
Monthly Payments to Pay off Debt
8. Pete and his wife Kelly have a $100,000 balance on their mortgage. Their interest rate is 4.0%. How much will they have to pay each month in order to have their mortgage paid off in 10 years?
a. $1,000.00
b. $1,100.23
c. $1,012.53
d. $10,184.23
BX 10% 2 0.990: 19704 29410 3.9020 4.8534 5.7955 5.7282 7.6517 0.9804 0.9709 1.9416 1.9135 2.8839 2.B286 3.8077 3.7171 4.71354.5797 5.60. 4 5 .4172 6.4720 6.2303 7.3255 7.0197 4% 5% 6% 0.9615 0.9524 0.9434 1.8861 1 8594 18334 27251 2.7751 2.72322 6730 3.6299 3.5460 3.465) 44518 43295 42124 5.24215.0757 4.9173 5.0021 5.7854 5.5824 6.7327 5 .4632 5.2098 0.9346 1.080 2.5243 3.3872 4.1002 4.7565 5.3893 5.9713 0.9259 1.7833 2.5771 3.3121 3.9927 4.5229 5.2054 5.7456 9% 0.9174 1.7591 2.5313 3.2397 3.8897 4.4859 5.0330 5.5348 0.9091 1.7355 2.4869 3.1699 3.7903 4.3553 48684 5.3349 11% 0.9009 17125 24437 3.1024 3.6959 42305 4.7122 5.145 12% 0.8929 1.6901 2.4018 3.0373 3.5048 13% 0.8850 1.5581 2.3512 2.9745 3.5172 3.9975 4.4225 4.7988 14% 0.8772 1.6467 2.3215 2.9137 3.4331 3.8887 42883 4.6389 15% 0.8695 16257 22832 28550 33522 3.7845 41604 4.4873 4.5638 4.9576 Monthly Installment Loan Tables ($1000) with interest payments compounded monthly Amount of loan housand X Factor Interest Rate Months to Maturity 12 15 84 13.67 90 12.08 4.00% 20 0.12 35 29052 29.64 29. 65 1 690 92.02 42 3.55 3.67 5.28 72 15.65 15.25 54 58 48 22.58 22.69 22. 0 54 60 20.27 8 .42 203 . 3 2041264 95 121) 123: 1242 12.54 1255 127 102 11.58 11.20 11.82 11.34 108 104 1 1 16 1.20 11.40 1 34 10.56 10.68 10.80 10.92 11.04 4.50% 5.00% 25.00 90.6: 53 5.22 299) 30.04 3020 3031 23.03 23.14 15R 62 1674 16.6 155 159.11 1523 159.35 169.47 169.00 1692 1694 16.95 170.09 20.22 2033 2095 28 925 5.50% 5.25% 6.00% 1230 140223 135 1425 13 1437 1358 1449 14.51 1383 9 19.30 19:22 9.33 9.45 $175 512 SOS 18 24 30 52.33 4342 3 5.08 52.44 43.54 35.19 57.56 43.65 35.31 57.67 43.76 35.42 52.28 35.53 52.89 330 35.64 S8.01 4410 35.25 S#12 443 5. S..23 35.38 SH 34 58.46 4455 3.20 SES? 44.66 36.32 S8.68447736.43 S.RO 36.55 58.91 45.00 59.03 45.15 35.27 52.16 452 3 6.29 102 16.22 16.34 15.45 16.57 16.69 1631 293 15.04 $5.35 45 15.40 35.51 95.53 15 S557 $5.99 11.28 11.41 11.53 11.65 3062 11.10 6.02 861 30 23.49 2560 1783 5204 1806 13 14 1326 3054 25.5 6.SOK 12.19925 30.16 214 2152 21.54 SRS 14.45 1497 15.09 14.07 49 14.31 11. 1 12.03 $135 1 11.61 7.00% 25.91 23.95 .0 18.30 17.05 13.04 $2.50 553 55 56 55.25 15: 13.63 13.76 138 3093 2004 1854 13.29 12.5 7.50 7.25% OOK 27.26 24.30 1229 16.36 12.536 .44 20.28 RS 22 23 1534 14.56 15.45 14.69 1559141 15.21 14.4 154 15.06 1595 519 1509132 8210 8222 824 5245 825) 3154 3145 31.57 3168 31.80 31.92 03 3.54 13.57 13 0 33 SX 9.00K 22.51 22.23 2284 14 1452 3021255 2013 3315 12.58 9260 34 1235 253 1354 3.082 67 2052 20.64 20.26 24 22.50 110.45 12059 120.00 12082 120.95 171.07 171.19 12132 121.44 171.56 171.68 12185 56.85 9639 24.65 24 24.09 25.00 25.12 25.24 1902 12.08 99014120 922 1803 90 155 9512 0164 16.40 1976 18.53 2233 1433 2820 9.50% 9. 10.00% 10.25% 3 9736 3.49 13.35 13.49 13.62 330 4.08 14.59 5237 45.45 37.12 45.52 53.60 32.35 45.80 37.45 459 37.5 S3.34 46.03 4603 32.00 60.06 46 14 37.41 60.17 46.26 37.93 46 3 3 .0 60.40460395 60.52 46. 6 32 60.63 46.72 38.40 60.25 60.87 46.96 38.63 6 0.98 42.0) 38.25 16.475 16.50 15.54 16.73 15.92 23.07 2313 23.25 21:32 200: 2014 23.44 14.78 169 15 04 151) 15.30 15.4 155) 1572 15.84 150 16.12 16.25 32 50 3252 32 32.86 13.30 14.04 10.25% 1 COX 25.60 25.72 25.85 25.97 1 14 1801 19.03R00 14.86 15.00 533 28.57 28.79 28.91 122.05 3: SO 23.56 1212 12.25 3353 23 13.92 23.58 11.50% 11.75% 12.00% 172.30 172.42 172.55 21. 21.87 299 22.52 22.24 33 10 3.2: 16.37 16.50 16.63 16.77 16.50 23.15 29.28 20.52 20.64 20. 26.21 23.33 26.33 24.06 1925 19.42 3.39 19.55 52 1752 1765 1541 15.55 15.68 1 5.04 9 5.18 14.45 14.60 14.14 4.20 34.35 5
