Question: answer the 10 part question to question 1 1A. How much money would you need to deposit today at 12.46% annual interest compounded monthly to
answer the 10 part question to question 1
1A. How much money would you need to deposit today at 12.46% annual interest compounded monthly to have $46,529.00 in the account after 5.0 years?
1B. If you deposit $507.00 into an account paying 12.41% annual interest compounded quarterly, how many years until there is $14,257.00 in the account?
1C. If you deposit $91,684.00 at 8.33% annual interest compounded quarterly, how much money will be in the account after 9.0 years?
1D. If you deposit $1,210.00 into an account paying 4% annual interest compounded monthly, how many years until there is $32,602.00 in the account?
1E. What is the value today of receiving a single payment of $32,364.00 in 2.0 years if your required rate of return on this investment is 23.14% compounded semi-annually?
1F. If you deposit $760.00 at 27.23% annual interest compounded daily, how much money will be in the account after 16.0 years? (Assume that there are 364 days in a year and show your answer to the nearest cent)
1G. Suppose you deposit $931.00 today, $651.00 in one year, and $149.00 in two years in an account that pays an annual rate of interest of 10.1%. How much money will be in the account after three years?
1H. What is the most you would be willing to pay for a investment that will pay you $432.00 in one year, $637.00 in two years, and $614.00 in three years, if your required rate of return for this type of investment is 7.67%?
1I. Suppose you signed a contract for a special assignment over the next 17.0 years. You will be paid $29,604.00 at the end of each year. If your required rate of return is 7%, what is this contract worth in today?
1J. You need a loan to purchase new equipment. The loan will be paid off over 6.0 years with payments made at the end of every quarter. If the stated annual rate is 23.44% and quarterly payments are $410.00, what is the loan amount?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
