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Round to 2 decimal places and answer in percent form ( without % ) where necessary. 1 . What would the future value

Round to 2 decimal places and answer in percent form (without "%") where necessary.
1.What would the future value of $100 be after 5 years at 10% compound interest?
2. What would the future value of $100 be after 5 years at 10% simple interest?
3. Suppose you currently have $2,000 and plan to purchase a 3-year certificate of deposit that pays 4% interest compounded annually. How much will you have when the CD matures?
4. How much would $1,000,000 due in 100 years be worth today if the discount rate was 5%?
5. The U.S. treasury offers to sell you a bond for $585.43. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $1,000. What interest rate would you earn if you bought this bond for $585.43?
6. How long would it take $1,000 to double if it was invested in a bank that paid 6% per year?
7. Assume you plan to buy a condo 5 years from now, and you estimate that you can save $2,500 per year. You plan to deposit the money in a bank account that pays 4% interest, and you will make the first deposit at the end of the year. How much will you have after 5 years?
8. Assume you plan to buy a condo 5 years from now, and you estimate that you can save $2,500 per year. You plan to deposit the money in a bank account that pays 4% interest, and you will make the first deposit at the beginning of the year. How much will you have after 5 years?
9. Suppose you borrowed $30,000 on a student loan at a rate of 8% and must repay it in three equal installments at the end of each of the next 3 years. How large would your payments be?
10. What is the present value of an ordinary annuity with 10 payments of $100 if the appropriate interest rate is 10%?
11. If you had $100,000 that was invested at 7% per year. What is the most you could withdraw at the end of each of the next 10 years and have a zero balance at year 10?
12. Your uncle named you beneficiary of his life insurance policy. The insurance company gives you a choice of $100,000 today or a 12-year annuity of $12,000 a the end of each year. What rate of return is the insurance company offering?
13. What is the present value of a 5-year ordinary annuity of $100 plus an additional $500 at the end of year 5 if the interest rate is 6%?

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