1. eBook

   Use the present value and future value tables to answer the following questions.

   A. If you would like to accumulate $2,400 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account?

   $fill in the blank 1

   B. If you place $6,300 in a savings account, how much will you have at the end of 6 years with a 12% interest rate?

   $fill in the blank 2

   C. You invest $8,000 per year for 11 years at 12% interest, how much will you have at the end of 11 years?

   $fill in the blank 3

   D. You win the lottery and can either receive $740,000 as a lump sum or $40,000 per year for 19 years. Assuming you can earn 8% interest, which do you recommend and why?

   Take the $40,000 per year for 19 years because it is more money.Take the lump sum $740,000 because it is more money.

Project A costs $4,500 and will generate annual after-tax net cash inflows of $1,900 for five years. What is the NPV using 10% as the discount rate? Round your present value factor to three decimal places and final answer to the nearest dollar.

If you invest $20,000 today, how much will you have in each of the following scenarios?

(Click here to see present value and future value tables)

A.	11 years at 8%	$fill in the blank 1
B.	7 years at 12%	$fill in the blank 2
C.	15 years at 15%	$fill in the blank 3
D.	18 years at 5%	$fill in the blank 4

(Click here to see present value and future value tables)

$fill in the blank 1