Need explanation/solution as if you are not using excel.

Chapter 4 Question 25 Output area: Input area: Present value Years 45 45 Interest rate 11.40% $ 5.70% $ Future value 1,000,000 1,000,000 TO 19. Calculating Future Values You are scheduled to receive $10,000 in two years. When you receive it, you will invest it for six more years at 7.5 percent per year. How much will you have in eight years? L04 20. LOI 21. LO3 22 L0423 LO2 24. LO225 Calculating the Number of Periods You expect to receive 530,000 at graduation in two years. You plan on investing it at 7 percent until you have $125,000. How long will you wait from now? (Better than the situation in Question 9. but still no Ferrari.) Calculating Future Values You have $5,800 to deposit, Regency Bank offers 12 percent per year compounded monthly (I percent per month), while King Bank offers 12 percent but will only compound annually. How much will your investment be worth in 20 years at each bank? Calculating Rates of Return An investment offers to triple your money in 24 months (don't believe it). What rate per three months are you being offered? Calculating the Number of Periods You can earn 31 percent per month at your bank. If you deposit $1.800. how long must you wait until your account has grown to $3.100? Calculating Present Values You need $85.000 in 10 years. If you can earn 78 percent per month, how much will you have to deposit today? Calculating Present Values You have decided that you want to be a millionaire when you retire in 45 years. If you can earn an annual return of 11.4 percent. how much do you have to invest today? What if you can earn 5.7 percent? B C D E F Chapter 4 Question 19 Input area: Share... Output are Add to Photos Copy Future value Present value $ 10,000 Years 6 Interest rate 7.5% Bantayt 7 Question 25 8 Present Value $7,765.45 $82,532.61 Years 45 Interest Rate 11.40% 5.70% 9 Future Value $1,000,000 $1,000,000 10 45 11 12 13 14 Question 19 Interest 15 Present Value $10,000 Years Rate 7.50% Future Value $15,433.02 16 6 17 A B C D E F mino 5 6 7 Question 25 8 Years 9 Present Value =-PV(E9,D9,,F9) --PV(E10,0 10,,F10) Interest Rate 0.114 0.057 Future Value 1000000 1000000 10 45 11 12 13 14 Question 19 Years 15 16 17 Present Value 10000 Interest Rate 0.075 Future Value =FV(E16,D16,,-C16) 6