Time Value of Money 1. A company needs to have $2,500,000 6 years from now for a

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Time Value of Money

1. A company needs to have $2,500,000 6 years from now for a building project. In an investment opportunity that pays 9%, how much will have to be deposited today in order to reach their goal?

2. A company has an opportunity to invest $9,000 at 4%. How much will have accumulated in 15 years?

3. An individual plans to invest $2,500 at the end of each year at 8%. How much will they have accumulated in 20 years?

4. A company plans to invest $100,000 at the beginning of each year at 5%. How much will be accumulated at the end of 5 years?

5. How much money would have to be deposited today at 10% in order to make a withdrawal of $20,000 at the end of the each year for the next 3 years?

6. A company has $25,000 to invest, and needs to accumulate at least $40,000 in 10 years. How high must the interest rate be in order to achieve this goal?

7. A company has $15,000 today, and needs to have $30,000. If they have a 9% investment opportunity, how many years ill it take to reach their goal?