What is the future value of $1,800 after 5 years if it is in an account...

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What is the future value of $1,800 after 5 years if it is in an account paying 7% annual interest? 2. What is the present value of $1500 to be received in 7 years if the discount rate is 8%? 3. What is the future value of $1,500 after 6 years if it is compounded monthly at 5% interest? 4. You decide you will deposit $120 every month in your savings account. If your savings account earns 4% annually, how much money would you have at the end of 5 years? 5. You deposit $100 into an account at the beginning of each month. This money earns 3% interest annually. What will be the value of your money in 5 years if you want to use it to supplement your income? What would be the value of your money if you paid into the account at the end of each month? 6. If a car dealer quotes you 3% APR and you are going to make your monthly payments, what is the effective rate you are paying? 7. What annual interest rate will cause $1000 to grow to $2000 in 8 years? 8. If a 5-year regular annuity has a present value of $2,000, and if the interest rate is 12%, then what is the amount of each annuity payment? What is the future value of $1,800 after 5 years if it is in an account paying 7% annual interest? 2. What is the present value of $1500 to be received in 7 years if the discount rate is 8%? 3. What is the future value of $1,500 after 6 years if it is compounded monthly at 5% interest? 4. You decide you will deposit $120 every month in your savings account. If your savings account earns 4% annually, how much money would you have at the end of 5 years? 5. You deposit $100 into an account at the beginning of each month. This money earns 3% interest annually. What will be the value of your money in 5 years if you want to use it to supplement your income? What would be the value of your money if you paid into the account at the end of each month? 6. If a car dealer quotes you 3% APR and you are going to make your monthly payments, what is the effective rate you are paying? 7. What annual interest rate will cause $1000 to grow to $2000 in 8 years? 8. If a 5-year regular annuity has a present value of $2,000, and if the interest rate is 12%, then what is the amount of each annuity payment?

Answer rating: 100% (QA)

1 To calculate the future value of 1800 after 5 years with a 7 annual interest rate you can use the formula for compound interest Future Value Present Value 1 Interest RateNumber of Periods In this ca... View the full answer