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show all key strokes for each question For example: PV = FV = I / Y = N = PMT = 1 . The Cowboy

show all key strokes for each question
For example:
PV=
FV=
I/Y=
N=
PMT=
1. The Cowboy Sweepstakes has just informed you that you have won $100,000. Instead of receiving the lump sum option, you have chosen the annuity payout option and the amount is to be paid out at the rate of $10,000 a year for the next 10 years. With a discount rate of 9 percent, what is the present value of your winnings of the annuity payout option?
2. What would your investment account be worth in 10 years if you currently have $8,000 saved and plan to add $165 per month at the end of the month for the 10 years if the account pays 9.5% interest compounded monthly?
3. At a growth (interest) rate of 7.8 percent annually, how long will it take for you to triple your money?
4. What is the future value of an $3,095 annuity payment over 10 years if the interest rates are 6 percent?
5. What is the present value of a $8,400 annuity payment over 5 years if interest rates are 5.5 percent?
6. Suppose that you place $7,000 in a bank account each year for the next 20 years. How much would be in your bank account at the end of the twentieth year if the deposits earned an annual rate of return of 5% each year?
7. Repeat above question for annuity due.
8. If you want to accumulate $90,000 and you have $9,000 saved now, how many years will it take if you pay $100 per quarter and your investment account pays 6.5% compounded quarterly?
9. What is the present value of a $150,000 cash flow to be received at the end of each of the next 10 years from an account that earns an annual rate of 6.5%?
10. Repeat above question for annuity due.
11. What is the future value of an ordinary annuity of $62,000 for 4 years, if interest rates are 6 percent?
12. What is the future value of the same annuity due?
13. What is the present value of a $310,000 cash flow to be received at the end of each of the next 15 years from an account that earns an annual rate of 9%?
14. What is the present value of an annual payments of $1,500 discounted back 9 years at an annual rate of return of 3%?
15. What is the future value of a series of $35,600 quarterly payments received at the end of each quarter for the next 7 years if invested at an annual rate of return of 7.5% compounded quarterly?
16. Repeat above question for annuity due? (paymens received at the beginning of each quarter).
17. Jakes Used Cars just sold you a clunker (you need it to get to class on time). You financed the $36,000 purchase price for 48 months. They said your payment would be $890. What interest rate did they charge you (assume monthly compounding)?
18. Geegee checks Daniels credit rating and determines that he will qualify for a 7.8% auto loan, and they agree that his trade-in is worth $7,500. The cost of the car is $37,900. If he is planning to finance the loan for 4 years, how much does he have to pay every month?

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