Question: please help with h, and k 1 & 3 a. Find the FV of $1,000 invested to earn 10% after 4 years. Round your answer



a. Find the FV of $1,000 invested to earn 10% after 4 years. Round your answer to the nearest cent. $ b. What is the investment's FV at rates of 0%,5%, and 25% after 0,1,2,3,4, and 5 years? Round your answers to the nearest cent. f. Find the PV of an ordinary annuity that pays $1,000 each of the next 4 years if the interest rate is 13%. Then find the FV that same annuity. Round your answers to the nearest cent. PV of ordinary annuity: $ FV of ordinary annuity: $ 9. How will the PV and FV of the annuity in part f change if it is an annulty due rather than an ordinary annuity? Round your answers to the nearest cent, PV of annuity due: $ FV of annuity due: $ h. What will the FV and the PV for parts a and c be if the interest rate is 10% with semiannual compounding rather than 10% with annual compounding? Round your answers to the nearest cent. FV with semiannual compounding: $ PV with semiannual compounding: $ Five banks offer nominal rates of 7% on deposits, but A pays interest annually, B pays semiannually, C pays quarterly, D ys monthly, and E pays daily. Assume 365 days in a year. 1. What effective annual rate does each bank pay? If you deposit $4,000 in each bank today, how much will you have in each bank at the end of 1 year? 2 years? Round your answers to two decimal places. 2. If the TVM is the only consideration, what nominal rate will cause all of the banks to provide the same effective annual rate as Bank A? Round your answers to two decimal places. 3. Suppose you don't have the $4,000 but need it at the end of 1 year. You plan to make a series of ceposits - annually for A, semiannually for B, quarterly for C, monthly for D, and daily for E - with payments beginning today. How iarge must the payments be to each bank? Round your answers to the nearest cent. a. Find the FV of $1,000 invested to earn 10% after 4 years. Round your answer to the nearest cent. $ b. What is the investment's FV at rates of 0%,5%, and 25% after 0,1,2,3,4, and 5 years? Round your answers to the nearest cent. f. Find the PV of an ordinary annuity that pays $1,000 each of the next 4 years if the interest rate is 13%. Then find the FV that same annuity. Round your answers to the nearest cent. PV of ordinary annuity: $ FV of ordinary annuity: $ 9. How will the PV and FV of the annuity in part f change if it is an annulty due rather than an ordinary annuity? Round your answers to the nearest cent, PV of annuity due: $ FV of annuity due: $ h. What will the FV and the PV for parts a and c be if the interest rate is 10% with semiannual compounding rather than 10% with annual compounding? Round your answers to the nearest cent. FV with semiannual compounding: $ PV with semiannual compounding: $ Five banks offer nominal rates of 7% on deposits, but A pays interest annually, B pays semiannually, C pays quarterly, D ys monthly, and E pays daily. Assume 365 days in a year. 1. What effective annual rate does each bank pay? If you deposit $4,000 in each bank today, how much will you have in each bank at the end of 1 year? 2 years? Round your answers to two decimal places. 2. If the TVM is the only consideration, what nominal rate will cause all of the banks to provide the same effective annual rate as Bank A? Round your answers to two decimal places. 3. Suppose you don't have the $4,000 but need it at the end of 1 year. You plan to make a series of ceposits - annually for A, semiannually for B, quarterly for C, monthly for D, and daily for E - with payments beginning today. How iarge must the payments be to each bank? Round your answers to the nearest cent
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