The following problems are set to give some practice with compounding more than once a year problems Round off your final answers to two decimal points What is the future value of $5,000 in 10 years at 5 , compounded monthly What is the future value of $10,000 in 8 years at 8 , compounded quarterly If you receive $10,000 in 5 years, what is its value today if the appropriate interest rate is 8 and interest is compounded semi annually If you received $10,000 5 years back, what is its value today if the appropriate interest rate is 8 and interest is compounded monthly At what annual rate of return can you triple your money in 8 years if interest is compounded monthly At what annual rate of return can you quadruple (means 4 times) your money in 16 years if interest is compounded quarterly How many periods will it take you to quadruple (means 4 times) your money at 7 , if interest is compounded semi annually how many years will it take How many periods will it take $500 to grow to$8,000 if you believe you can earn interest at the rate of 9 compounded monthly how many years will it take What is the present value of $15,500 received in 10 years if the interest of 1 is compounded monthly What is the present value of $22,000 received in 5 years if the interest of 1 is compounded quarterly

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Question: The following problems are set to give some practice with compounding more than once-a-year problems. Round off your final answers to two decimal points. What

The following problems are set to give some practice with compounding more than once-a-year problems. Round off your final answers to two decimal points.

What is the future value of $5,000 in 10 years at 5%, compounded monthly?
What is the future value of $10,000 in 8 years at 8%, compounded quarterly?
If you receive $10,000 in 5 years, what is its value today if the appropriate interest rate is 8% and interest is compounded semi-annually?
If you received $10,000 5 years back, what is its value today if the appropriate interest rate is 8% and interest is compounded monthly?
At what annual rate of return can you triple your money in 8 years if interest is compounded monthly?
At what annual rate of return can you quadruple (means 4 times) your money in 16 years if interest is compounded quarterly?
How many periods will it take you to quadruple (means 4 times) your money at 7%, if interest is compounded semi-annually? how many years will it take?
How many periods will it take $500 to grow to$8,000 if you believe you can earn interest at the rate of 9% compounded monthly? how many years will it take?
What is the present value of $15,500 received in 10 years if the interest of 1% is compounded monthly?
What is the present value of $22,000 received in 5 years if the interest of 1% is compounded quarterly?

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