Reference no: EM132421195
1. Determine the quarterly, monthly, and daily periodic interest rate of a 5% annual interest rate.
2. What is the future value of $1,000 invested at 12%, compounded annually, over 10 years?
3. What is the future value of $1,000 invested at 12%, compounded quarterly, over 10 years?
4. What is the future value of $750 invested at 18%, over 3 1/3 years, compounded monthly?
5. What is the future value of $13,500 invested at 9.5%, over 10.5 years, compounded semi-annually?
6. What is the future value of $1,650 invested at 24.75%, over 2.5 years, compounded monthly?
7. What is the future value of $24,000 invested at 11.5%, over 5 years, compounded semi-annually?
8. What is the present value of $2,000,000, discounted at 6%, over 40 years, compounded annually? In Finance and Accounting, cash outflows are represented by negative numbers. Excel reflects this tradition, and your answer will be negative in order to receive a positive cash flow in the future.
9. What is the annual payment required to save $2,000,000, over 40 years, compounded monthly at 6%?
10. How much interest is paid on a 5 year, $20,000 loan, with a monthly payment of $415.17?