Reference no: EM133495844
Question
1. Suppose you invest $8,839 today in an account that earns 5.67% interest annually. How much money will be in your account 9 years from today?
2. What is the value today, of single payment of $102,395 made 10 years from today, if the value is discounted at a rate of 12.82%?
3. How many years would it take an investment of $155 to grow to $3,976 at an annual rate of return of 12%?
4. How much money would you need to deposit today at 8.94% annual interest compounded monthly to have $33,981 in the account after 10 years?
5. If you deposit $802 into an account paying 20.51% annual interest compounded quarterly, how many years until there is $61,160 in the account?
6. If you deposit $83,301 at 9.45% annual interest compounded quarterly, how much money will be in the account after 4 years?
7. If you deposit $538 into an account paying 11.83% annual interest compounded monthly, how many years until there is $4,621 in the account?
8. What is the value today of receiving a single payment of $53,408 in 11 years if your required rate of return on this investment is 3.41% compounded semi-annually?
9. If you deposit $486 at 11.36% annual interest compounded daily, how much money will be in the account after 21 years? (Assume that there are 364 days in a year)
10. Suppose you deposit $910 today, $673 in one year, and $455 in two years in an account that pays an annual rate of interest of 14.77%. How much money will be in the account after three years?