What is the value today of single payment

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a. Suppose you invest $95,091.00 today in an account that earns 6.64% interest annually. How much money will be in your account 15.0 years from today?

b. What is the value today of single payment of $29,987.00 , 5.0 years from today if the value is discounted at a rate of 21.99% ?

c. How many years would it take an investment of $917.00 to grow to $6,339.00 at an annual rate of return of 12.49% ?

d. How much money would you need to deposit today at 17.42% annual interest compounded monthly to have $31,325.00 in the account after 6.0 years?

e. If you deposit $883.00 into an account paying 10.92% annual interest compounded quarterly, how many years until there is $88,176.00 in the account?

Reference no: EM132392802

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