(9) What would the present value be if it was a 10-year annuity? Years Annuity payment Interest rate Present value (10) What would the present value be if it was a 25-year annuity? Years Annuity payment Interest rate Present value (11) What would the present value be if this was a perpetuity? Annuity payment Interest rate Present value A 20-year-old student wants to save $5 a day for her retirement. Every day she places $5 in a drawer. At the end of each year, she invests the accumulated savings ($1,825) in a brokerage account with an expected annual return of 8%. (18) Construct an amortization schedule for a $1,000,4% annual interest loan with 3 equal installments. (19) What is the annual interest expense for the borrower and the annual interest income for the lender during Year 2? N IVYR PV FV PMT The following is an amortization table of this $1,000 loan. (4) If a company's sales are growing at a rate of 10% annually, how long will it take sales to double? Interest rate Time it takes to double (5) What is the future value of a 3-year, $100 ordinary annuity if the annual interest rate is 4% ? Years Annuity payment Interest rate Future value (6) What is its present value? Years Annuity payment Interest rate Present value (7) What would the future and present values be if it was an annuity due? Years Annuity payment Interest rate 05 Case model Ready (13) If a 40-year-old investor began saving in this manner, how much would he have at age 65? Savings per year Interest rate Years until retirement Money at retirement (14) How much would the 40.year-old investor have to save each year to accumulate the same amount at 65 as the 20 .year-old investor? (7) What would the future and present values be if it was an annuity due? Years Annuity payment Interest rate Future value Years Annuity payment Interest rate Present value A 5.year $100 ordinary annuity has an annual interest rate of 4%. (8) What is its present value? Years Annuity payment Interest rate Present value (9) What would the present value be if it was a 10-year annuity? Years Annuity payment Interest rate (1) What's the future value of $100 after 3 years if it earns 4%, annual compounding? Interest rate FV (in year n ) FV (using Excel function) (2) What's the present value of $100 to be received in 3 years if the interest rate is 4%, annual compounding? Interest rate PV (using Excel function) (3) What annual interest rate would cause $100 to grow to $119.10 in 3 years? FV Years Interest rate (4) If a company's sales are growing at a rate of 10% annually, how long will it take sales to double