Interest rates and future values

Assignment Help Financial Management

Reference no: EM131958803

Calculating Interest Rates and Future Values

In 1895, the first Putting Green Championship was held. The winner’s prize money was $160. In 2014, the winner’s check was $1,360,000.

What was the percentage increase per year in the winner’s check over this period? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Increase per year %

If the winner’s prize increases at the same rate, what will it be in 2039? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Winner's prize in 2039 $

Reference no: EM131958803

Questions Cloud

Discuss challenges and risks you face in starting a business : Discuss in 525 words the challenges and risks you may face in starting a business in a foreign country including the following.

How emerging concept of triple bottom line enhance operation : Describe how the emerging concept of the triple bottom line can be, or is being used, to enhance operations management at this company.

What is present value of your future projected earnings : What is the present value of your future (not counting this year) projected earnings?

Prepare an income tax return for the Marshalls : Prepare an income tax return (with appropriate schedules) for the Marshalls for 2016, The Marshalls choose to file a joint income tax return

Interest rates and future values : What was the percentage increase per year in the winner’s check over this period? If the winner’s prize increases at the same rate, what will it be in 2039?

What difficulties can you identify in getting reliable data : How easy or difficult would it be to gather accurate information to support needs? What difficulties can you identify in getting consistent and reliable data?

How much will be in your account in three years : If you make no additional withdrawals or deposits, how much will be in your account in three years?

About the rates of return : At what annual rate did the coin appreciate from its first minting to the 1972 sale? What annual rate did the 1972 buyer earn on his purchase?

What was the total return over this period : Over past twelve months, Lululemon had monthly returns of -5%, 0%, 0%, -5%, 0%, 0%, 10%, 15%, 10%, 0%, 0%, and 5%. What was the total return over this period?

User Account

All Pages