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Calculate the total interest earned

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Q1. Suppose you are given the following information: Years: 15, Interest Rate: 8%, compounded annually Future Value: $50,000. Calculate the present value.

Q2. Suppose you are given the following information:

Years: 10

Present Value: $25,000

Future Value: $37,500

Calculate the interest rate required on the investment.

Q3. Suppose you are given the following information:

Years: 20

Interest Rate: 10%

Present Value: $580,000

Calculate the future value.

Q4. Mike just put $50,000 into an account that promises to pay 2% APR (annual compounding). Calculate the total interest earned over a 10 year holding period.

Q5. Mike just put $50,000 into an account that promises to pay 2% APR (annual compounding). Calculate the total simple interest earned over a 10 year holding period.

Q6. Mike just put $50,000 into an account that promises to pay 2% APR (annual compounding). Calculate the total compound interest (int-on-int) earned over a 10 year holding period.

Reference no: EM133012991

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