Question: 1. What is the discount rate assuming the present value of $840 at the end of 1-year is $765? 2. What is the Future value
1. What is the discount rate assuming the present value of $840 at the end of 1-year is $765?
2. What is the Future value of $3,500 deposited for 12 years at 5% compounded annually?
3. If $2,800 is discounted back 4 years at an interest rate of 8% compounded semi-annually, what would be the present value?
4. Determine the future value of $6,000 after 5 years if the appropriate interest rate is 8%, compounded monthly.
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