Question
Q1)A company wants to make a single deposit now so it will have$72,493five years from now. If the account will earn interest of 10% per
Q1)A company wants to make a single deposit now so it will have$72,493five years from now. If the account will earn interest of 10% per year, the amount that must be deposited now is nearest to.
Q2)if an investment account gives 5% interest annually, how much equal annualdeposits you have to make for 10 years starting year 1 to have a $195,339 at your account at the end of this investment.
Q3)What is the present value of annual$3,397 payments over the upcoming 5 years ,on an interest rate of 10%?
Q4)what is the present worth of $1,290in year 1 and amounts increasing by $138per year through year 5 at an interest rate of 10% per year?
Q5)what is the future worth of $441in year 1 and amounts increasing by $81per year through year 5 at an interest rate of 10% per year?
Q6)Find the present worth of $2,551 in year 1 and amounts increasing by 10% per year through year 8. Use an interest rate of 12% per year.
Q7)You will deposit 13,159 at 10%compound interest for 8years, and then move the amount you would receive to an investment account at 9 %simple interest for another 3 years. How much money would you have at the end of the entire period?
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