Reference no: EM133128799
Questions -
Q1) Calculate the future value given: Present value = $100, Interest rate = 5% (annual), Number of years = 7 (assume annual compounding).
Q2) How much will you have in 25 years, if you invest $100,000 today and it earns 9.6% interest the entire time?
Q3) Someone invested $13,000 fifty years ago and it has been earning 9% (annual) the entire time. How much is it worth now?
Q4) You want to purchase a piece of real estate 5 years from now. You expect that it will cost $50,000. Assuming you can earn 10%, how much do you need to invest today, in order to have the $50,000 in five years?
Q5) FV = $100,000; Rate = 11.2%; N = 10. Calculate PV.
Q6) Future value = $11,000; Interest rate = 8%; Number of years (annual compounding) = 5. Calculate the present value.
Q7) What interest rate would you need to earn in order to become a deca-millionaire (worth $10,000,000) if you invested $1,000,000 today and wanted to be worth the total of ten million dollars in 15 years?
Q8) How many years will it take a $75,000 investment to reach $1 million in total value if it is earning 9.5% per year?
Q9) What interest rate would you need to earn in order to become a deca-millionaire (worth $10,000,000) if you invested $2,000,000 today and wanted to be worth ten million dollars in 15 years?
Q10) How long will you need to wait until the value of a $1,000 investment doubles, if it earning 10.5% interest per year?