Question
Q6- At what rate must $500 be compounded annually for it to grow to $1,079.46 in 10 years? Q7- What is the present value of
Q6- At what rate must $500 be compounded annually for it to grow to $1,079.46 in 10 years?
Q7- What is the present value of an annuity of $4,000 received at the beginning of each year for the next eight years? The first payment will be received today, and the discount rate is 9%
Q8- How much money must you pay into an account at the end of each of 20 years in order to have $100,000 at the end of the 20th year? Assume that the account pays 6% per year
Q9- If you put $10,000 in an investment that returns 11 percent compounded monthly what would you have after 10 years?
Q10- Your son will be attending an expensive university in 12 years. You deposit $5,000 per year for 12 years, beginning today. How much money will be in the college fund 12 years from now if the fund earns 8% per year?
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