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What will be the future value of these payments

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Q1. Iris expects to receive $1,000 at the end of each of the next three years. She will deposit these payments into an account that pays 10%, compounded semi-annually. What will be the future value of these payments, that is, the value at the end of the third year?

a. $3,318.01

b. $1,340.10

c. $1,157.63

d. $1,331.00

Q2. Assuming that you can invest to earn a stated annual rate of return of 12%, but where interest is compounded semi-annually. If you make consecutive semi-annual deposits of $500 each, with the first deposit being made today, how much will be your balance at the end of fifth year?

a. $6,590.40

b. $440.59

c. $1,762.34

d. $881.17

Q3. Ansel Accounting Firm rents an office space for $250,000 per year which is due at the beginning of each year. If the hurdle rate of Ansel Accounting Firm is 10%, how much is the present value of five years' worth of rent?

a. $1,042,466.36

b. $402,627.50

c. $155,230.33

d. $170,753.36

Q4. How much will be the future value of a 5-year ordinary annuity which has annual payments of $200, evaluated at a 7.5% semi-annual interest rate?

a. $3,828.34

b. $287.13

c. $1,161.68

d. $1,348.48

Reference no: EM132842045

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