Reference no: EM132841372
Problem 1: What is the future value of $1,300 after 6 years if it is in an account paying 3% annual interest?
Problem 2: What is the present value of $800 to be received in 6 years if the interest rate is 5%?
Problem 3: What is the future value of $1,300 after 9 years if it is compounded quarterly at 6% interest?
Problem 4: You decide you will deposit $250 every month in your savings account. If your savings account earns 4% annually, how much money would you have at the end of 10 years?
Problem 5: You deposit $300 into an account at the beginning of each month. This money earns 3% interest annually. What will be the value of your money in 8 years if you want to use it to supplement your income?
Problem 6: What would be the value of your money if you paid into the account at the end of each month?
Problem 7: What annual interest rate will cause $500 to grow to $1000 in 5 years?
Problem 8: If a car dealer quotes you 6% APR and you are going to make your monthly payments, what is the effective rate you are paying?
Problem 9: If a 6-year regular annuity has a present value of $4,000, and if the interest rate is 5%, then what is the amount of yearly annuity payment?
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Determine the value of the property today
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California covid-19 workplace standards require strict
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Calculate the expected cash receipts for December
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