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

Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.) InitialInvestment Annual% Rate Time toDouble Amount After10 Years $   % 15 yr $1600

Find the present value of the given future amount. $36,000 for 18 months at 7% simple interest What is the present value? %24

Tommy John is going to receive $370,000 in three years. The current market rate of interest is 7%. a. Using the present value of $1 table in Exhibit 8, determine the present value of this amount compounded annually. Round to the nearest whole dollar. b. Why is the present value less than the $370,000 to be received in the future? The present value is less due to over the 3 years.

Suppose you wish to have $17,250 in 5 years. Use the present value formula to find how much you should invest now at 5% interest, compounded semiannually in order to have $17,250, 5 years from now. Then calculate the amount of interest. O $3,774.33 $4,312.50 $12,937.50 $13,475.67

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 $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.

What is the present value of a $500 perpetuity if the interest rate is 4%? If interest rates doubled to 8%, what would its present value be? Round your answers to the nearest cent. Present value at 4%: $ Present value at 8%: $

Suppose the interest rate is 10.2 %   APR with monthly compounding. What is the present value of an annuity that pays $ 119   every 6   months for 6   ​years?       Question content area bottom Part 1 The 6 ​-month effective interest rate is 5.209 ​%. ​(Round to three decimal​ places.) Part 2 The present value is ​$enter your response here . ​(Round to the nearest​ cent.)

Use the formula for computing future value using compound interest to determine the value of an account at the end of 9 years if a principal amount of ​$18,000 is deposited in an account at an annual interest rate of 3​% and the interest is compounded quarterly.       Question content area bottom Part 1 The amount after 9 years will be ​$enter your response here. ​(Round to the nearest cent as​ needed.)