How much will $10,000 grow to in 3 years, assuming an interest rate of 9% compounded quarterly?What is the value today of receiving $25,000 at the end of 5 years, assuming an interest rate of 8%compounded semiannually?How much will $2,000 invested at the end of each year grow to in 5 years, assuming an interest rate of 8%?What is the value today of receiving $600 at the end of each month for the next 4 years, assuming an interestrate of 6% compounded monthly?10) Determine your annual payment if you buy a $10,000 entertainment system and you're going to makepayments for 6 years and the bank is charging you 5% interest. 122.25%0.7656710.41481.306013.4022480.50%0.7871042.58031.270554.0978ROUND ALL ANSWERS TO NEAREST DOLLARHow much will $10,000 grow to in 3 years, assuming an interest rate of 9% compounded quarterly?What is the value today of receiving $25,000 at the end of 5 years, assuming an interest rate of 8%compounded semiannually?How much will $2,000 invested at the end of each year grow to in 5 years, assuming an interest rate of 8%?What is the value today of receiving $600 at the end of each month for the next 4 years, assuming an interestrate of 6% compounded monthly? PV$1PVAFV$1FVA39%0.772182.53131.29503.278146%0.792093.46511.26254.37468%0.680583.99271.46935.86665%0.746225.07571.34016.8019104%0.675568.11091.480212.0061122.25%0.7656710.41481.306013.602242.58031.270554.0978480.50%0.78710

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Answered: How much will $10,000 grow to in 3…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How much will $10,000 grow to in 3 years, assuming an interest rate of 9% compounded quarterly? What is the value today of receiving $25,000 at the end of 5 years, assuming an interest rate of 8% compounded semiannually? How much will $2,000 invested at the end of each year grow to in 5 years, assuming an interest rate of 8%? What is the value today of receiving $600 at the end of each month for the next 4 years, assuming an interest rate of 6% compounded monthly? 10) Determine your annual payment if you buy a $10,000 entertainment system and you're going to make payments for 6 years and the bank is charging you 5% interest.

12
2.25%
0.76567
10.4148
1.3060
13.4022
48
0.50%
0.78710
42.5803
1.2705
54.0978
ROUND ALL ANSWERS TO NEAREST DOLLAR
How much will $10,000 grow to in 3 years, assuming an interest rate of 9% compounded quarterly?
What is the value today of receiving $25,000 at the end of 5 years, assuming an interest rate of 8%
compounded semiannually?
How much will $2,000 invested at the end of each year grow to in 5 years, assuming an interest rate of 8%?
What is the value today of receiving $600 at the end of each month for the next 4 years, assuming an interest
rate of 6% compounded monthly?

PV$1
PVA
FV$1
FVA
3
9%
0.77218
2.5313
1.2950
3.2781
4
6%
0.79209
3.4651
1.2625
4.3746
8%
0.68058
3.9927
1.4693
5.8666
5%
0.74622
5.0757
1.3401
6.8019
10
4%
0.67556
8.1109
1.4802
12.0061
12
2.25%
0.76567
10.4148
1.3060
13.6022
42.5803
1.2705
54.0978
48
0.50%
0.78710

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