Question 13 pts

Present value = $100; Interest rate = 5%; Number of years = 11 (assume annual compounding). What is the future value?

Group of answer choices

155.00

223.13

171.03

55.00

Flag question: Question 2Question 23 pts

Calculate the future value given: Present value = $100, Interest rate = 5% (annual), Number of years = 7 (assume annual compounding).

Group of answer choices

140.71

105.00

102.95

814.20

Flag question: Question 3Question 33 pts

Someone invested $13,000 fifty years ago and it has been earning 9% (annual) the entire time. How much is it worth now?

Group of answer choices

58,500.00

71,500.00

966,647.00

287,566.00

Flag question: Question 4Question 43 pts

FV = $100,000; Rate = 11.2%; N = 10. Calculate PV.

Group of answer choices

34,590.00

16,790.00

53,478.00

62,145.00

Flag question: Question 5Question 53 pts

Future value = $11,000; Interest rate = 8%; Number of years (annual compounding) = 5. Calculate the present value.

Group of answer choices

3,456.00

7,486.00

8,923.00

6,678.00

Flag question: Question 6Question 63 pts

You want to purchase a piece of real estate 5 years from now. You expect that it will cost $50,000. Assuming you can earn 10%, how much do you need to invest today, in order to have the $50,000 in five years?

Group of answer choices

51,290.00

15,678.00

42,768.00

31,046.00

Flag question: Question 7Question 73 pts

What interest rate would you need to earn in order to become a deca-millionaire (worth $10,000,000) if you invested $2,000,000 today and wanted to be worth ten million dollars in 15 years?

Group of answer choices

No solution. Error.

11.33%

12.98%

15.67%

Flag question: Question 8Question 83 pts

How many years will it take a $175,000 investment to reach $1 million in total value if it is earning 9.5% per year?

Group of answer choices

23.45 years

No solution. Error.

19.21 years

26.66 years

Flag question: Question 9Question 93 pts

What rate of interest would be required to enable an investment of $10,000 to reach a total value of $100,000 over a 20 year period?

Group of answer choices

No solution. Error.

12.2%

13.4%

10.6%

Flag question: Question 10Question 103 pts

What interest rate would you need to earn in order to become a deca-millionaire (worth $10,000,000) if you invested $1,000,000 today and wanted to be worth the total of ten million dollars in 15 years?

Group of answer choices

No solution. Error.

14.56%

16.59%

22.83%