Future value of an annuity-time for a lump sum to double

Assignment Help Financial Management

Reference no: EM13805554

1. Future value of an annuity

Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest cent.

Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent.

$200 per year for 12 years at 10%.

$100 per year for 6 years at 5%.

$600 per year for 10 years at 0%.

$200 per year for 12 years at 10%.

$100 per year for 6 years at 5%.

$600 per year for 10 years at 0%

2. Time for a lump sum to double

How long will it take $400 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two decimal places.

8%.

10%.

20%.

100%.

3. Present and future values for different interest rates

Find the following values. Compounding/discounting occurs annually. Round your answers to the nearest cent.

a. An initial $500 compounded for 10 years at 3%.

b. An initial $500 compounded for 10 years at 6%.

c. The present value of $500 due in 10 year at a discount rate of 3%.

d. The present value of $1,230 due in 10 years at 6%.

e. The present value of $1,230 due in 10 years at 3%.

Reference no: EM13805554

Questions Cloud

Question regarding the integrative negotiations : Examine the differences between distributive and integrative negotiation. Determine the importance of separating the people from the problem when negotiating. Support your position with examples.

Identifying appropriate design approaches : Write an executive summary identifying appropriate design approaches for a selected product and service.

What is the required rate of return on a stock with a beta : Assume that the risk-free rate is 7% and the expected return on the market is 12%. What is the required rate of return on a stock with a beta of 2.4?

Report on emerging health problems : Report on Emerging Health Problems

Future value of an annuity-time for a lump sum to double : Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest cent. How long will it take $400 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two..

How are leaders leading in the twenty first century : How Are Leaders Leading in the 21st Century? Analyze the CEO's leadership style and philosophy, and how the CEO's leadership style aligns with the culture.

Create a schema that supports the company business : Create a schema that supports the company's business and processes. Explain and support the database schema with relevant arguments that support the rationale for the structure

Direct style of communication : Sarah, a long-time employee, is given an Android and told to keep it with her at all times should the company need to contact her. Why might Sarah resist this change? What impact might the direct style of communication, if used by Sarah's boss, ha..

How is cultural understanding important in your life : What is your understanding of cultural differences? How is cultural understanding important in your life? Relate your discussion to personal stories or any other types of evidence.

User Account

All Pages