William Brown is planning to invest $28,000 today in a mutual fund that will provide a return of 10 percent each year What will be the value of the investment in 10 years (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny ) Your brother has asked you for a loan and has promised to pay you $6,650 at the end of three years If you normally invest to earn 6 50 percent per year, how much will you be willing to lend to your brother if you view this purely as a financial transaction (i e , you dont give your brother a special deal) (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny ) Your birthday is next week and instead of other presents, your parents promised to give you $2,000 in cash Since you have a part time job and, thus, dont need the cash immediately, you decide to invest the money in a bank CD that pays 5 00 percent, compounded quarterly, for the next two years How much money can you expect to earn in this period of time (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny ) Jason Allen has just purchased some equipment for his landscaping business For this equipment he must pay the following amounts at the end of each of the next five years $10,870, $8,460, $9,120, $12,310, and $11,930 If the appropriate discount rate is 7 480 percent, what is the cost in todays dollars of the equipment Jason purchased today (Round answer to 2 decimal places, e g 15 25 Do not round factor values ) An investment opportunity requires a payment of $630 for 12 years, starting a year from today If your required rate of return is 7 0 percent, what is the value of the investment to you today (Round factor values to 4 decimal places, e g 1 2514 and final answer to 2 decimal places, e g 15 25 ) You are evaluating a growing perpetuity investment from a large financial services firm The investment promises an initial payment of $24,800 at the end of this year and subsequent payments that will grow at a rate of 3 5 percent annually If you use a 9 percent discount rate for investments like this, what is the present value of this growing perpetuity (Round answer to 2 decimal places, e g 15 25 )

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William Brown is planning to invest $28,000 today in a mutual fund that will provide a return of 10 percent each year. What will be the value of the investment in 10 years? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

Your brother has asked you for a loan and has promised to pay you $6,650 at the end of three years. If you normally invest to earn 6.50 percent per year, how much will you be willing to lend to your brother if you view this purely as a financial transaction (i.e., you dont give your brother a special deal)? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

Your birthday is next week and instead of other presents, your parents promised to give you $2,000 in cash. Since you have a part-time job and, thus, dont need the cash immediately, you decide to invest the money in a bank CD that pays 5.00 percent, compounded quarterly, for the next two years. How much money can you expect to earn in this period of time? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

Jason Allen has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,870, $8,460, $9,120, $12,310, and $11,930. If the appropriate discount rate is 7.480 percent, what is the cost in todays dollars of the equipment Jason purchased today? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.)

An investment opportunity requires a payment of $630 for 12 years, starting a year from today. If your required rate of return is 7.0 percent, what is the value of the investment to you today? (Round factor values to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.)

You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial payment of $24,800 at the end of this year and subsequent payments that will grow at a rate of 3.5 percent annually. If you use a 9 percent discount rate for investments like this, what is the present value of this growing perpetuity? (Round answer to 2 decimal places, e.g. 15.25.)