Question: The formulas for Present Value of a single sum, Present Value of an Annuity, Future Value of a single sum and Future of an Annuity
The formulas for Present Value of a single sum, Present Value of an Annuity, Future Value of a single sum and Future of an Annuity so it should be a simple multiplication problem. The difficulty seems to be which table should you use. Solve the following problems and list which table your used.
If you invest $ at How much money will you have in years? Which table did you use?
If you want $ in years and the interest rate is How much money do you have to put in the bank today? Which table did you use?
When her child entered kindergarten, Lee started saving for his college by putting $ a year away. If the interest rate stayed constant at how much money will be in the college fund in years? Which table did you use?
Congratulations, you will inherit $ million dollars in years and a company has offered to give you $ today to give up the inheritance, Assuming interest is what would net you the most money? Which table did you use?
Congratulations, you won on a scratch ticket to receive $ per year for years. If interest is how much would you need today to sell your ticket to somebody else? Which table did you use?
You bought a house for $ and sold it years later for $ What was the yield on your house? if inflation is did you actually make a profit? Which table did you use?
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