What is the value today of receiving single payment

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Reference no: EM131984665

a) If you deposit $831.00 into an account paying 19.65% annual interest compounded monthly, how long until there is $39,704.00 in the account?

b) What is the value today of receiving a single payment of $74,164.00 in 5.0 years if your required rate of return on this investment is 3.71%?

c) If you deposit $733.00 at 25.73% annual interest compounded daily, how much money will be in the account after 24.0 years? (Assume there are 364 days in a year)

d) Suppose you deposit $453.00 today, $957.00 in one year, and $547.00 in two years in an account that pays an annual rate of interes of 7.57%. How much money will be in the account after three years?

Reference no: EM131984665

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