Determine the effective rate of interest for a nominal rate

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Reference no: EM131847

Apply cash flow analysis and time value of money concepts and relationships. Consider that you are nearing graduation and applying for a job with a financial services firm. As part of the computation process, you are asked to perform calculations and answer questions that cover this module's concepts. Procedure 1.

1) Draw a timeline for a $100 lump sum cash flow at the end of year 2,

2) An ordinary annuity of $100 per year for 3 years and

3) An uneven cash flow stream of -$50, $100, $275, and $50 at the end of years 0 through 3. 2.

Determine the following:

a. Future value of an initial $100 after 3 years considering annual interest of 10%.

b. Present value of $100 to be received in 3 years if the discount rate is 10%.

3. If a company's sales are growing at a rate of 20% per year, how long can it take for the sale to double?

4.In order for an investment to double in 3 years, what interest rate have to it earn?

5. Using a timeline, explain examples of an ordinary annuity and an annuity due.

6. Determine the future value of a 3-year ordinary annuity of $100 if the interest rate is 10%.

7. Evaluate the present value of a 3-year ordinary annuity of $100 if the discount rate is 10%.

8. Determine the present value of an uneven cash flow stream of $100 at the end of year 1, $300 at the end of year 2, $300 at the end of year 3, -$50 at the end of year 4 assuming a discount rate of 10%.

9. Determine the future value of $100 after 5 years under 12% annual compounding, quarterly compounding, semiannual compoundingm, and monthly compounding.

10. Determine the effective rate of interest for a nominal rate of 12% compounded semiannually, quarterly, and monthly.

11. Will the effective rate ever equal the nominal rate?

Reference no: EM131847

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