Compute the future value in year of eight

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Question 1: Compute the future value in year 8 of a $4,400 deposit in year 1, and another $3,900 deposit at the end of year 3 using an 10 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Question 2: What's the present value of a $580 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Question 3: A deposit of $730 earns interest rates of 9 percent in the first year and 12 percent in the second year. What would be the second year future value? (Round your answer to 2 decimal places.)

Question 4: What is the future value of $750 deposited for one year earning an interest rate of 10 percent per year? (Do not round intermediate calculations. Enter your answer as a whole number.)

Question 5: Determine the interest rate earned on a $1,750 deposit when $2,050 is paid back in one year. (Round your answer to 2 decimal places.)

Reference no: EM132547896

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