Question
Using the TIME VALUE FUNCTIONS on your calculator, calculate the following. Put your final answer in the space provided. NOTE: Remember, interest rates are quoted
Using the TIME VALUE FUNCTIONS on your calculator, calculate the following. Put your final answer in the space provided.
NOTE: Remember, interest rates are quoted as annual rates.
1. _____ What is the PV of $1,000,000 in 35 years using a discount rate of 8.5%?
2. _____ What is the FV of $80,000 in 15 years at 3.6% compounded monthly?
3. _____ How much would an investor have to invest today to produce a monthly ordinary annuity of $5,000 payable for 30 years assuming an annual rate of return of 6%?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
