Problem 4-3 One Year Future Value (LG4-2)

What is the future value of $800 deposited for one year earning an 10 percent interest rate annually? (Do not round intermediate calculations. Enter your answer as a whole number.)

Problem 4-6 Multiyear Future Value (LG4-3)

Compute the value in 32 years of a $1,500 deposit earning 8 percent per year. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Problem 4-7 Compounding with Different Interest Rates (LG4-3)

A deposit of $310 earns the following interest rates:

10 percent in the first year.

8 percent in the second year.

7 percent in the third year.

What would be the third year future value? (Round your answer to 2 decimal places.)

Problem 4-11 Present Value (LG4-4)

What is the present value of a $1,050 payment made in seven years when the discount rate is 9 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Problem 4-21 Interest-on-Interest (LG4-3)

Consider a $1,300 deposit earning 7 percent interest per year for six years.

What is the future value? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

How much total interest is earned on the original deposit? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

How much is interest earned on interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Problem 4-25 Moving Cash Flows (LG4-5)

What is the value in year 3 of a $720 cash flow made in year 7 if interest rates are 8 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Problem 4-31 Solving for Time (LG4-8)

How many years (and months) will it take $2 million to grow to $6.40 million with an annual interest rate of 8 percent? (Do not round intermediate calculations. Round "months" to 1 decimal place.)