Question: The following problems based on Chapter 4 are set to give some practice with compounding more than once a year problems. Please provide your working

The following problems based on Chapter 4 are set to give some practice with compounding more than once a year problems. Please provide your working notes (e.g. Excel, Word file). Round off your final answers to two decimal points. 1.What is the future value of $5,000 in 10 years at 5%, compounded monthly? 2.What is the future value of $10,000 in 8 years at 8%, compounded quarterly? 3.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? 4.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? 5.At what annual rate of return can you triple your money in 8 years if interest is compounded monthly? 6.At what annual rate of return can you quadruple (means 4 times) your money in 16 years, if interest is compounded quarterly? 7.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? 8.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? 9.What is the present value of $15,500 received in 10 years if interest of 1% is compounded monthly? 10.What is the present value of $22,000 received in 5 years if interest of 1% is compounded quarterly

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!

how do i enter this into excel? The following problems based on Chapter 4 are set to give some practice with compounding more than once a year problems. Please provide your working notes (e.g. Excel,...

The following problems based on Chapter 4 are set to give some practice with compounding more than once a year problems. Please provide your working notes (e.g. Excel, Word file). Round off your...

Listen to the following videos and then complete the assignments using the changed numbers on the guidance report. Place your answers on the guidance report. Open the Guidance Report and rework the...

1. Business Case The business targets to continuously improve its efficiency with regards to its operation in the installation of Smart Card Readers so as to achieve improved profitability....

Project Scope Statement Project Name Project Number Prioritization Project Manager Owner(s) Statement of Work Project Description and Project Product This section is typically a detailed...

Objective This Course Project gives you the opportunity to practice by planning a project, from the onset with a project charter to an established project schedule and related artifacts. This Course...

Greenspeed Inc. Greenspeed Inc. has been run for the last several years by Robin Jones. Unfortunately, during that time sales and prot have been declining. On December 1, Mrs. Green announced that...

I need help for those question . E4.16 E18.4 E19.7 P22.4 E23.4 E18.10 E22.10 CHAPTER 4 EXERCISES: SET B E4-1B The trial balance columns of the worksheet for Lamar Company at June 30, 2017, are as...

There are three parts to this case. A-1; A-2; and A-3. I need help with A-2 the most (i.e., Ratio Analysis). For all parts of this question use: Excel spreadsheet, describe and explain everything in...

Relevant-cost approach to pricing decisions, special order. The following financial data apply to the videotape production plant of the Dill Company for October 2009: Variable manufacturing overhead...

Link - https://www.wildapricot.com/articles/how-to-plan-an-event Questions: Please Identify the form of communication used this case study (2) What is the message being communicated in this article...

discuss how the following indivduals would be affected by inflation of 9 percent per year: a . a student who is heavily indebted with loans

leadership and ethnic Please read the case carefully and answer the questions that follow: Case Study Laura is the associate director of a nonprofit agency that provides assistance to children and...

9. Discuss the statement: If the actors mainly act on the basis of a view of human-ity as driven by self-interest, and incorporate this idea into their models, they may end up with their premises...

5. What does it mean when we say the evaluation comes before the presenta-tion?.

1. Discuss the following statements: a) Predetermined is not the same thing as predictable. b) When we are aware of the consequences of our behaviour, we can change our behaviour. c) What we know is...