Question: Use the present value and future value tables to answer the tollowing questions. A. If you would like to accumalate $2,500 over the next 5
Use the present value and future value tables to answer the tollowing questions. A. If you would like to accumalate $2,500 over the next 5 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,300 in a savings account, how much wil you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 9 years at 12% interest, how much will you have at the end of 9 years? D. You win the lottery and can either recelve $750,000 as a lump sum or $60,000 per year for 19 years. Assuming you can earn -8\% interest, which do you recommend and why? Take the fump sum $750,000 because it is more money. v Fenfuect 7 Deos Mr wor Conelder the cash fiow involved. Does the amount required refer to a present or future amount? Are there regular payments involved? This will help decide Which bme value of money table should be used
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