Question: 1 . Compute the future value: Present value = 2 9 0 0 ; Years = 6 , Interest Rate = 1 9 % .

1. Compute the future value:
Present value =2900; Years =6, Interest Rate =19%.
(Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16. Your answer needs to be a positive number.)
2. compute the present value:
Years =9, Interest rate =7%, Future value = $18,828
(Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16. Your answer needs to be a positive number.)
3. Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16. Enter your answer as "10.05" for 10.05% interest rate.)
Present value = $765, Years =4, Future value = $1,481
4. Imprudential, Inc., has an unfunded pension liability of $754 million that must be paid in 10 years. To assess the value of the firms stock, financial analysts want to discount this liability back to the present.
If the relevant discount rate is 6 percent, what is the present value of this liability? (Enter your answer in dollars, not millions of dollars, e.g.,1,234,567. Do not round intermediate calculations and round your answer to the whole number, e.g.,32)
5. Your coin collection contains 1001952 silver dollars.
If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2058, assuming they appreciate at an annual rate of 4.7 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
6. In 1896, the first Green Jacket Golf Championship was held. The winners prize money was $160. In 2015, the winners check was $1,610,000. If the winners prize increases at the same rate, what will it be in 2044?(Enter your answer in dollars, not millions of dollars, e.g.,1,234,567. Do not round intermediate calculations and round your answer to the whole dollar, e.g.,32.)
7. Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an auction house sold a statute at auction for a price of $10,542,500. Unfortunately for the previous owner, he had purchased it in 2010 at a price of $12,586,500.
What was his annual rate of return on this sculpture? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
8. Suppose you are committed to owning a $200,000 Ferrari.
If you believe your mutual fund can achieve an annual return of 10.65 percent, and you want to buy the car in 11 years on the day you turn 32, how much must you invest today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
9. You have just made your first $5,000 contribution to your individual retirement account. Assume you earn an annual return 10.65 percent and make no additional contributions.
What will your account be worth when you retire in 42 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
10. You have just made your first $5,000 contribution to your individual retirement account. Assume you earn an annual return 10.65 percent and make no additional contributions.
What if you wait 10 years before contributing, what will your account be worth when you retire in 42 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
11. You expect to receive $41,000 at graduation in two years. You plan on investing it at 9.25 percent until you have $176,000.
How long will you wait from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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