Question: i need help solving these problems! need to show work as well. thank you PART III SHORT ANSWERS (TOTAL-55 deposit hy onder 1.000000 were compended

i need help solving these problems! need to show work as well. thank you i need help solving these problems! need to show work as well.
thank you PART III SHORT ANSWERS (TOTAL-55 deposit hy onder 1.000000 were

PART III SHORT ANSWERS (TOTAL-55 deposit hy onder 1.000000 were compended unterly for free! Make ure to your that he will tre for fill my he wave SIS per year after his tend the rest homewhere each year ise to achieve hipoal if the interested compounded Shyer What is the prevale of 1.600.000 obedie of interes over the year Setye Maker stywie 1300 per permended by will be in your country What is the Make your work ad the value of the following card towarow You See com New year wars CS 150 year with time being made a year to tedy na pays 7 prema meet your la deprest will be less than $1,300 wodowa w 510.000 $1.000 ar la sede der $10.000. Hoy years will take you reach your $80.000 pollage helepese! Show your work below) You were $15.000 the end of eight yean by making deposits of 3.800 Demofthefit yea $2.700 the end of you. 53.00 h then you 52.350 the end of the thew What Suppose that you put partner way with and 12. Make sure to show your work 1. What is the price of afveget antity of $250 perywhere years from day the discount est Show your EXTRACKEDID pelat Suppose that you wish to recen 515.000 the end of yes, by making of 530 day and for anal anal deposits increasing by 500 Wamente at you can cheyoural Show your work below PART III. SHORT ANSWERS (TOTAL = 55 points) 1. Your retirement account has a current balance of S75,000. How much must you deposit each year in order to accumulate a total of 1,500,000 in 40 years if the interest rate is 6 percent? Make sure to show your work. (4 points) 2. How much will accumulate in an account with an initial deposit of $250, and which carns 10% interest compounded quarterly for five years? Make sure to show your work. (4 points) 3. Suppose your uncle is 40 and has a plan to retire at age 70, but his fortune teller told him that he will live for fifty more years. If he would like to have a steady income of $150,000 per year after his retirement and the interest rate will be 8% compounded yearly at that time, how much must he set aside each year till his retirement to be able to achieve his goal, if the interest rate is now 6% compounded yearly? Show your work below. (8 points) 4. What is the present value of S1,000,000 to be received in 35 years if the average rate of interest over the 35 years is 2.5% Interpret your result. Make sure to show your work. (4 points) 5. If you invest $1200 today in an account that pays 8 percent compounded quarterly, how much will be in your account after ten years? What is the effect of compound interest? Make sure to show your work. (8 points) 6. Find the value of the following cash flow stream in Year 5 if the appropriate discount rate is 8 percent. Show your work below. (5 points) Year Cash Stream S500 1 2 3 4 5 6 200 450 450 150 450 200 7. You need to accumulate $10,000. To do so, you plan to make deposits of S1.100 per year, with the first payment being made a year from today, in a bank account that pays 7 percent annual interest. Your last deposit will be less than $1.100 if less is needed to round out to $10,000 or more than $1,100 if more is needed to round out to $10,000. How many years will it take you to reach your $10,000 goal? How large will the last deposit be? Show your work below. (8 points) 11

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