Determine the future value of $10,000 under each of the following sets of assumptions: Interest Compounded Annual Rate Period Invested Semiannually Quarterly Monthly 1. 10% 10 years 5 years 2. 12 3. 30 months 24
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- Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Principal TimePeriod (years) NominalRate (%) InterestCompounded CompoundAmount CompoundInterest $8,000 4 12 annually $ ?? $ ??For each of the following cases, indicate (a) to what rate columns, and (b) to what number of periods you would refer in looking up the interest factor. 1. In a future value of 1 table: a. b. C. a. b. Annual Rate C. 11% 12% 12% Annual Rate 10% 11% 12% Number of Years Invested Number of Years Invested 25 14 6 11 7 2. In a present value of an annuity of 1 table: (Round "Rate of Interest" answers to 1 decimal place, e.g. 4.5% and other answers to O decimal places, e.g 45.) 19 Number of Rents Involved 25 28 Compounded 24 Annually Quarterly Semiannually Frequency of Rents Annually Semiannually (a) Rate of Interest Quarterly % (a) Rate of Interest % % % % de (b) Number of Periods % (b) Number of PeriodsFor each of the following cases, indicate (a) to what rate columns, and (b) to what number of periods you would refer in looking up the interest factor. 1. In a future value of 1 table: a. b. C. a. b. Annual Rate C. 10% 12% 12% Annual Rate 12% 12% 8% Number of Years Invested Number of Years Invested 26 16 7 12 6 2. In a present value of an annuity of 1 table: (Round "Rate of Interest" answers to 1 decimal place, e.g. 4.5% and other answers to O decimal places, e.g 45.) 20 Number of Rents Involved 26 32 Compounded 28 Annually Quarterly Semiannually Frequency of Rents Annually Semiannually (a) Rate of Interest Quarterly % (a) Rate of Interest % % % % (b) Number of Periods % (b) Number of Periods
- Compute the number of years (t) if future value (FV) = $5575, present value (FV) = $1812, and interest rate (r) = 9.1%,Calculate the future value of the following single amounts. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Initial Investment Annual Rate Interest Compounded Period Invested Future Value 1. $7,400 10 % Annually 7 years $14,420.00 2. 5,400 12 % Semiannually 4 years 3. 8,400 8 % Quarterly 4 yearsThe following investment requires a table factor for a period beyond the table. Calculate the new table factor and the present value (principal). Use Table 11-2. Round your new table factor to five decimal places and your present value to the nearest cent. CompoundAmount Term ofInvestment (years) NominalRate (%) InterestCompounded New TableFactor PresentValue $37,000 38 7 annually $
- Use the continuous compound interest formula to find the indicated value. A= $16,687; P=$10,400; t= 60 months; r= ?Given the following information, calculate the rate of return. price = $501.88time to maturity = 10 yearsannual payment = $100type = ordinary annuityFind 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
- Calculate the future value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Annuity Payment Annual Rate Interest Compounded Period Invested Future Value of Annuity 1. $3,100 8.0 % Semiannually 9 years $79,500.77 2. 6,100 10.0 % Quarterly 5 years 3. 5,100 12.0 % Annually 6 yearsAn investment is represented by the equation A(t)=10,250(1+ 0.04/12)120 How many years has the account been accumulating interest?Solve by using the present value formula. Round your answers (in $) to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest 18,000 8 years 4.5 monthly
