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Determine what is the FV

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Question 1: Solve for PV: If N = 4; PMT = 1000; FV = 0; I = 6%; what is the PV? (This would solve a problem asking what you would pay for an investment that returns $1,000 per year for 4 years at a 6% rate of return)

Question 2: Solve for PMT: If N = 72; PV = 30000; FV = 0; I = .5%; what is PMT? (This would solve a problem that asked what your monthly payment would be on a 72 month loan of $30,000 at 6% annual interest rate)

Question 3: Solve for FV: If N = 35; PV = -10000; PMT = -1000; I = 8%; what is the FV? (This would solve a problem that asked how much money would you have if you started with $10,000 and invested an additional $1,000 per year at an 8% rate of return for 35 years)

Reference no: EM132475959

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