Assume that you are going to receive $350,000 in 10 years. The current market rate of interest is 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.

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.)

Present Value of Amounts Due Tommy John is going to receive $520,000 in three years. The current market rate of interest is 13%. a. Using the present value of $1 table in Exhibit 8, determine the present value of this amount compounded annually. Round to the nearest whole dollar.$fill in the blank 1 b. Why is the present value less than the $520,000 to be received in the future?The present value is less due to     over the 3 years.

Suppose you're offered the following two accounts to invest $10,000 for 5 years: 11% simple interest and 6% interest compounded monthly. Which is the best choice? Part: 0 / 3 Part 1 of 3 The future value of $10,000 using 11% simple interest is $ X Ś Round your answer to the nearest cent. Do not round any intermediate steps.

Assume you can obtain an annual interest rate of 12% compounding monthly.  You are going to invest $1,000 for two years.  Over how many time periods will you be compounding your return? Group of answer choices 12 1 24 2

Suppose that the interest rate is 5 percent. Instructions: Enter your answers rounded to 2 decimal places. a. What is the future value of $100 six years from now? $ How much of the future value is total interest? $ b. By how much would total interest be greater at an interest rate of 7 percent than at an interest rate of 5 percent?

3. Use the formula for computing future value using compound interest to determine the value of an account at the end of 10 years if a principal amount of ​$17,000 is deposited in an account at an annual interest rate of 4​% and the interest is compounded quarterly.   The amount after 10 years will be ​$_____ ​(Round to the nearest cent as​ needed.)