# What is the Present Value PV if: Future Value = $2351 Interest rate=0.12 Number of periods = 18 Do not round intermediary calculations. Use full precision of your calculator or excel. Round final answer to 2 decimal places. Please put your answer in the format XXXXXXXX (no $ no commas, 2 decimal places). # You are considering borrowing $100,000 for 30 years at a compound annual interest rate of 9 percent. The loan agreement calls for 30 equal annual payments, to be paid at the end of each of the next 30 years. (Payments include both principal and interest.) What is the annual payment that will fully amortize the loan? # For $1,000 you can purchase a 5-year ordinary annuity which will pay you a yearly payment of $263.80 for 5 years. What is the annual interest rate implicit in this investment to the nearest whole percentage point? # Assume that the interest rate is greater than zero. Which of the following cash-inflow streams totaling $1,500 would you prefer? The cash flows are listed in order for Year 1, Year 2, and Year 3 respectively # You are going to place $12,500 into a certificate of deposit (CD) at a 6% annual rate (compounded annually) with a maturity of 30 months. How much money will you receive when the CD matures? # The ShortHolder bank pays 5.60%, compounded daily (based on 360 days), on a 9-month certificate of deposit. If you deposit $20,000 you would expect to earn around in interest. # With continuous compounding at 8 percent for 20 years, what is the approximate future value of a $20.000 initial investment? # You expect to deposit the following cash flows at the end of years 1 through 5, $1.000; $4,000: $9.000: $5,000: and $2.000 respectively. What is the future account value at the end of year 6 if # The ShortHolder bank pays 5.60%, compounded daily (based on 360 days), on a 9-month certificate of deposit. If you deposit $20,000 you would expect to earn around in interest # With continuous compounding at 8 percent for 20 years, what is the approximate future value of a $20,000 initial investment? # You expect to deposit the following cash flows at the end of years 1 through 5, $1,000; $4,000; $9,000; $5,000; and $2,000 respectively. What is the future account value at the end of year 6 if you can earn 10% compounded annually? # You have just agreed to a new loan and have purchased a $3,000 computer today. The loan has a 19.6% annual interest rate, compounded monthly. The minimum monthly payment is $58 and you do not expect to ever pay more than the minimum payment. Assuming no additional charges or costs will occur with this loan, approximately what will you owe on the loan at the end of 3 years (36 months) when you expect to need another new computer? # You have just graduated and have decided to purchase a brand new sports car to enjoy your newfound freedom. Your local credit union will provide financing for 60 months at a 9 percent annual rate, compounded monthly. You will give 15 percent of the $26,000 purchase price in # You have just graduated and have decided to purchase a brand new sports car to enjoy your newfound freedom. Your local credit union will provide financing for 60 months at a 9 percent annual rate, compounded monthly. You will give 15 percent of the $26,000 purchase price in cash to the dealer. The credit union will be used to finance the remaining 85 percent of the purchase price with the first payment due 1 month from today. What will be your monthly payment? # In 2 years you are to receive $10,000. If the interest rate were to suddenly decrease, the present value of that future amount to you would What is the present value of a $1,000 ordinary annuity that earns 8% annually for an infinite number of periods? #Which of the following will decrease the present value of the mixed cash flows for years 1 through 5 of $1,000: $4.000: 89,000: $5.000. and $2.000 respectively given a 10% discount rate? # You won a contestat a local businer