Reference no: EM132687184
-What is the present amount of the following value? $9915 to be received 16 years from now, discounted back to the present at 9 percent compounded annually.
-Cooling Tools, Inc. is currently producing 1,160 of small refrigerators per month but the company's CEO plans to increase production at a rate of 10.50 percent per month until the firm is producing 5,186 of refrigerators per month. How many months will this take?
-You placed $582 in a savings account today that earns an annual interest rate of 14.06 percent, compounded semiannually. How much will you have in this account at the end of 16 years? Assume that all interest received at the end of the period is reinvested the next period.
-What is the present value of the following annuity? $4,315 every year at the end of the year for the next 8 years, discounted back to the present at 14.98 percent per year, compounded annually?
-You have been offered the opportunity to invest in a project that will pay $4,496 per year at the end of years one through three and $11,249 per year at the end of years four and five. If the appropriate discount rate is 7.3 percent per year, what is the present value of this cash flow pattern?