I need to answerthese questions can you help me out, Questions 4,5 4- What is the current value ofthe following payment sets? A set with a base payment of $ 2000 in the first year, with a 5% annual increase to 10 years and an interest rate of 12% 5- How many years would it take for i) that investment were compounded annual at 15% per annum? (answer36 years) an investor to increase an initial investment of$1000 to $7400 if an investor to increase an initial investment of $3000 to $6939 if ii) that investmentwere compounded annual at 10% per annum? iii) that investmentwere compounded annual at 6% per annum? an investor to increase an initial investment of $200 to $2824 if an investor to increase an initial investment of $5000 to $302100 if iv) that investmentwere compounded annual at 12.2% per annum?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
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Ineed to answerthese questions can you help me out, Questions4,5
4- What is the current value of the following payment sets? A set with a
base payment of $ 2000 in the first year, with a 5% annual increase to 10
years and an interest rate of 12%
5- How many years would it take for
an investor to increase an initial investment of $3000 to $6939 if
i)
that investment were compounded annual at 15% per annum?
(answer=6 years)
ii)
an investorto increase an initial investment of $1000 to $7400 if
that investmentwere compounded annual at 10% per annum?
an investorto increase an initial investment of $5000 to $302100 if
i)
that investment were compounded annual at 6% per annum?
an investorto increase an initial investment of $200 to $2824 if
iv)
that investment were compounded annual at 12.2% per annum?
Transcribed Image Text:Ineed to answerthese questions can you help me out, Questions4,5 4- What is the current value of the following payment sets? A set with a base payment of $ 2000 in the first year, with a 5% annual increase to 10 years and an interest rate of 12% 5- How many years would it take for an investor to increase an initial investment of $3000 to $6939 if i) that investment were compounded annual at 15% per annum? (answer=6 years) ii) an investorto increase an initial investment of $1000 to $7400 if that investmentwere compounded annual at 10% per annum? an investorto increase an initial investment of $5000 to $302100 if i) that investment were compounded annual at 6% per annum? an investorto increase an initial investment of $200 to $2824 if iv) that investment were compounded annual at 12.2% per annum?
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