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