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, assumning 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.
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, assumning 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.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
I just need number 10
Transcribed Image Text: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
Transcribed Image Text:ROUND ALLANSWERS 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?
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.
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