Determine the present values if $5,000 is received in the future (that is, at the end of each indicated time period) in each of the following situations:
· 5 percent for ten years
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$3,070
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$2,070
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$3,170
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$4,070
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Determine the present values if $5,000 is received in the future (that is, at the end of each indicated time period) in each of the following situations: 7 percent for seven years.
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$2,114
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$4,114
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$3,114
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$1,314
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Determine the present values if $5,000 is received in the future (that is, at the end of each indicated time period) in each of the following situations: 9 percent for four years:
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$4,542
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$6,542
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$2,542
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$3,542
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Assume you are planning to invest $5,000 each year for six years and will earn 10 percent per year. Determine the future value of this annuity if your first $5,000 is invested at the end of the first year.
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$38,470
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$38,578
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$34,578
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$35,878
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Determine the present value now of an investment of $3,000 made one year from now and an additional $3,000 made two years from now, if the annual discount rate is 4 percent.
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$5,658.28
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$5,628.19
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$5,638.29
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$5,658.19
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Assume a bank loan requires an interest payment of $85 per year and a principal payment of
$1,000
at the end of the loan’s eight-year life. What would be the present value of this loan if it carried an 8.5 percent interest rate?
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$1,546
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$1,200
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$1,000
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$1,100
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Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan’s eight-year life. What would be the present value of this loan if it carried a 10 percent interest rate?
Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan’s eight-year life. What would be the present value of the loan if the interest rate is 8 percent?
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$1,038
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$1,048
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$1,058
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$1,028
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Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a simple interest rate?
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$14,000
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$14,200
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$16,000
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$11,000
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Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a compound interest rate?
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$14,593
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$14,693
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$16,693
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$13,963
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Determine the future values if $5,000 is invested in each of the following situations: 5 percent for ten years.
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$8,144
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$7,144
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$6,144
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$7,414
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Determine the future value if $5,000 is invested in each of the following situations: 7 percent for seven years
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$8,130
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$8,031
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$8,028
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$7,028
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Determine the future value if $5,000 is invested in each of the following situations: 9 percent for four years.
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$7,260
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$7,620
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$7,062
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$7,057
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Find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. Also calculate the present value if the $7,000 is received after two years.
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$6,796.12 and $6,598.17
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$7,696.13 and $5,698.17
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$6,976.12 and $6,968.17
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$6,796.12 and $6,859.17
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Use a financial calculator or computer software program to answer the following question:
· What would be the future value of $15,555 invested now if it earns interest at 14.5 percent for seven years?
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$30,134
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$40,134
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$50,134
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$25,000
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What would be the future value of $19,378 invested now if the money remains deposited for eight years and the annual interest rate is 18 percent?
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$72,839
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$73,296
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$70,296
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$71,000
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