What is the future value, What is the future value of

What is the future value

Assignment Help Finance Basics

Reference no: EM13671880

The following problems based on Chapter 4 are set to give some practice with compounding more than once a year problems. Please provide your working notes (e.g. Excel, Word file). Round off your final answers to two decimal points.

1.What is the future value of $5,000 in 10 years at 5%, compounded monthly?
2.What is the future value of $10,000 in 8 years at 8%, compounded quarterly?
3.If you receive $10,000 in 5 years, what is its value today if the appropriate interest rate is 8% and interest is compounded semi-annually?
4.If you received $10,000 5 years back, what is its value today if the appropriate interest rate is 8% and interest is compounded monthly?
5.At what annual rate of return can you triple your money in 8 years if interest is compounded monthly?
6.At what annual rate of return can you quadruple (means 4 times) your money in 16 years, if interest is compounded quarterly?
7.How many periods will it take you to quadruple (means 4 times) your money at 7%, if interest is compounded semi-annually? how many years will it take?
8.How many periods will it take $500 to grow to$8,000 if you believe you can earn interest at the rate of 9% compounded monthly? how many years will it take?
9.What is the present value of $15,500 received in 10 years if interest of 1% is compounded monthly?
10.What is the present value of $22,000 received in 5 years if interest of 1% is compounded quarterly?

Reference no: EM13671880

Questions Cloud

Explain five observations which suggest that benzene : Explain five observations which suggest that benzene should not be classed with the alkenes, however rather as a member of a separate class of "aromatic" compound, although the fact that its formula is often shown with three double bonds

The leading competitors in the low-calorie frozen : The leading competitors in the low-calorie frozen

Write the equation expressing the present value : Julie Orzabal deposits $5,000 in a savings account offering 5.125 percent compounded daily. Assuming she makes no further deposits, what will be the balance in her account after 5 years?

Provide relevant information as to the sources : Provide relevant information as to the sources of your data

What is the future value : What is the future value of $5,000 in 10 years at 5%, compounded monthly?

A clear definition of the problem : A clear definition of the problem.

Explain what is all about hydrated cement : Explain what is all about hydrated cement

The argon line and valve prior to starting work : The argon line and valve prior to starting work.

What is the hardness of this water in mg/l caco3 : What is the hardness of this water in mg/L CaCO3?

User Account

All Pages