Assume that you are going to receive $290,000 in 10 years. The current market rate of interest is 4.5%. a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar.$fill in the blank 1
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Present Value of Amounts Due
Assume that you are going to receive $290,000 in 10 years. The current market rate of interest is 4.5%.
a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar.$fill in the blank 1
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- You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuity
- Present Value of Amounts Due Assume that you are going to receive $210,000 in 10 years. The current market rate of interest is 11%. a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar. $fill in the blank 1 1,378, 329 b. Why is the present value less than the $210,000 to be received in the future? The present value is less due to the compounding of interest over the 10 years.Present Value of Amounts Due Assume that you are going to receive $690,000 in 10 years. The current market rate of interest is 7%. a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar.$fill in the blank 1 b. Why is the present value less than the $690,000 to be received in the future?The present value is less due to over the 10 years.Present value of amounts due Assume that you are going to receive $ 50,000 in 10 years. The current market rate of interest is 4%. A.Using the present value of $ 1 table in Exhibit s, determine the present value of this amount compounded annually. B.why is the present value less than the $50,000 to be received in the future?
- Present Value of Amounts Due Assume that you are going to receive $620,000 in 10 years. The current market rate of interest is 5.5%. a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar. 6,599,39 X b. Why is the present value less than the $620,000 to be received in the future? The present value is less due to inflation X over the 10 years.Present Value of Amounts Due Assume that you are going to receive $730,000 in 10 years. The current market rate of interest is 4.5%. a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar. b. Why is the present value less than the $730,000 to be received in the future? The present value is less due to the compounding of interest V over the 10 years.Present Value of Amounts Due Assume that you are going to receive $260,000 in 10 years. The current market rate of interest is 7%. a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar.$
- Present Value of Amounts Due Assume that you are going to receive $380,000 in 10 years. The current market rate of interest is 11%. a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar. $ b. Why is the present value less than the $380,000 to be received in the future? The present value is less due to over the 10 years.Present Value of Amounts Due Assume that you are going to receive $440,000 in 10 years. The current market rate of interest is 11%, compounded annually. a. Using the present value of $1 table in Exhibit 5, determine the present value of this amount compounded annually. Round to the nearest whole dollar. b. Why is the present value less than the $440,000 to be received in the future? The present value is less due to the compounding of interest inflation the compounding of interest deflation over the 10 years.Find the present value of the given future amount. $68,000 for 7 months at 8% simple interest What is the present value? $ (Round to the nearest dollar as needed.)