Future Value $=$$$1,000$; Interest rate $=8\%$; Number of years $($annual

compounding$)=5$; Calculate the Present Value.

$1,469\mathrm{.}00$

$1,400\mathrm{.}00$

$680\mathrm{.}58$

$400\mathrm{.}00$

Question $5$

You want to purchase a piece of real estate $5$ years from now. You expect

that it will cost $$50,000.$ Assuming you can earn $10\%,$ how much do you

need to invest today, in order to have the $$50,000$ in five years?

$42,768\mathrm{.}00$

$31,046\mathrm{.}00$

$51,290\mathrm{.}00$

$15,678\mathrm{.}00$

Question $6$

In order to have $$1,000($FV$)3$ years from now $($N$),$ assuming you can

earn $8\%$ interest, how much do you need to invest today $($PV$)?$

$522\mathrm{.}00$

$793\mathrm{.}00$

$1,259\mathrm{.}00$

$361\mathrm{.}00$

Question $1$

$PV=$$$15,000$;$I=11\%$;$N=25.$ Solve for $FV.$

$203,781\mathrm{.}00$

$298,123\mathrm{.}00$

$56,250\mathrm{.}00$

$41,250\mathrm{.}00$

Question $2$

Someone invested $$3,000$ fifty years ago and it has been earning $9\%$ the

entire time. How much is it worth now?

$201,201\mathrm{.}00$

$223,072\mathrm{.}00$

$40\mathrm{.}35$

$13,500\mathrm{.}00$

Question $3$

You invest $$50,000$ today. You earn $10\%$ annually for $30$ years. How

much do you have at the end?

$726,789\mathrm{.}00$

$8,224,701\mathrm{.}00$

$150,000\mathrm{.}00$

$872,470\mathrm{.}00$