Question: Hi, please answer 8-5 through 8-10 please. Thank you! 8-6. You will receive $5,000 payments for five years at the end of each time period,

 Hi, please answer 8-5 through 8-10 please. Thank you! 8-6. You
Hi, please answer 8-5 through 8-10 please. Thank you!

8-6. You will receive $5,000 payments for five years at the end of each time period, earning an annual rate of 6%, compounded semi-annually. Calculate the present value. PV 8-7. Find the future value of $12,000 deposited today that is continuously compounded for five years at 9%. EXP 8-8. How long will it take for $5,000 to double if it is deposited and earns 6% per year compounded annually? NPER 8-9. What is the present value of an annuity due if your required annual return is 8% and payments are $2,000 for 12 years with interest compounded annually? PV 8-10. You receive a credit card offer stating that your annual interest rate is 24.99 % and your payments will be made monthly, what is your APR

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!