SLADURAI ASSIGNMENT #2: Compute for the following problems below. Show your solutions. Round off to the 2nd decimal place. Time Value of Money Practice Questions: PV and FV of a Single sum. (2 each, 14 points) + 1 for neatness of solution- 15 points. 1. How much must you deposit today in a bank account paying interest compounded quarterly: a. if you wish to have $20,000 at the end of 3 months, if the bank pays a rate of 5.0% 2 b. if you wish to have $60,000 at the end of 24months, if the bank pays a rate of 8.0% c. if you wish to have $7,000 at the end of 12 months, if the bank pays a rate of 9.0% ? 2. If interest is compounded quarterly, how much will you have in a bank account: a. if you deposit today 9,000 at the end of 3 months, if the bank pays a rate of 5.0% 3 b. if you deposit today $12,000 at the end of 6 months, if the bank pays a rate of 9.0% c. if you deposit today Y90,000 at the end of 12 months, if the bank pays a rate of 8.0% 2 d. if you deposit today $6,000 at the end of 24 months, if the bank pays a rate of 5.0%? CH Ceconic mechanical photocopying recording Brod 14 Page 14 / 15 - Q + EL 9