Question: Present and Future Value a. If you deposit $9,000 in a bank account that pays 8% interest annually, how much will be in your account

Present and Future Value

a. If you deposit $9,000 in a bank account that pays 8% interest annually, how much will be in your account after 5 years? Round your answer to the nearest cent. _________

b. What is the present value of a security that will pay $35,000 in 20 years if securities of equal risk pay 3% annually? Round your answer to the nearest cent. _________

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!

The figure shows a bolted lap joint that uses SAE grade 5 bolts. The members are made of hot - rolled AISI 1 0 4 0 steel. Assume the bolt threads do not extend into the joint. Find the safe tensile...

If you deposit $3, 000 in a bank account that pays 8% interest annually, how much will be in your account after 8 years?

Submit your synthesis of financial data related to long - term financing needs for an organization, to include the following: Part 2 : Long - Term Working Capital Considerations: Time Value of Money...

Future Value: If the company deposits $2 million in a bank account that pays 6% interest annually, how much will be in the account after 5 years? Present Value: What is the present value of a...

1. Problem 5.01 (Future Value) B eBook If you deposit $4,000 in a bank account that pays 11% interest annually, how much will be in your account after 5 years? Do not round intermediate calculations....

1. Problem 5.01 (Future Value) FE eBook If you deposit $6,000 in a bank account that pays 11% interest annually, how much will be in your account after 5 years? Do not round intermediate...

LONG-TERM WORKING CAPITAL CONSIDERATIONS: TIME VALUE OF MONEY AND BONDS (1-2 PAGES, PLUS CALCULATIONS IN EXCEL) Future Value: If the company deposits $2 million in a bank account that pays 6%...

Future Value: If the company deposits $2 million in a bank account that pays 6% interest annually, how much will be in the account after 5 years? Present Value: What is the present value of a...

please answer all questions. also please provide the calculations as well. - Future Value: If the company deposits $2 million in a bank account that pays 6% interest annually, how much will be in the...

Future Value: If the company deposits $2 million in a bank account that pays 6% interest annually, how much will be in the account after 5 years? Present Value: What is the present value of a...

Part 2: Long-Term Working Capital Considerations: Time Value of Money and Bonds (1-2 pages, plus calculations in Excel) Future Value: If the company deposits $2 million in a bank account that pays 6%...

Over the past 2 years, Jonas Cone has used a dollar-cost averaging formula to purchase $300 worth of FCI common stock each month. The price per share paid each month over the 2 years is given in the...

What is the exchange rate? How are exchange rates determined, and what is the best tool for understanding exchange rate fluctuations? Why are exchange rates important for international business?

At what time intervals is the slow - start algorithm followed?

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

e. What difficulties did they encounter?

1. Family Tree. Interview the oldest member of your family you can contact. Then answer the following questions:

2. How do these communication technologies change intercultural communication interaction?