Problem 5-1 Future Value (LG5-1) Compute the future value in year 7 of a $2,800 deposit in year 1, and another $2,300 deposit at the end of year 4 using a 8 percent interest rate. Note: Do not round intermediate calculations and round your final answer to 2 decimal places.

Problem 5-25 Spreadsheet Problem: Annuity Interest Rate (LG5-8) What is the APR interest rate of a six-year, monthly $440 annuity with present value of $20,000? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Annuity present rate %

For each of the following annuities, calculate the future value. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Future Value Annual Payment $ $ $ $ 1,790 8,520 4,270 9,050 Years 10 34 9 32 Interest Rate 6 % 7 4 8

Problem 4-20 Spreadsheet Problem: Solving for Rates (LG4-7) What annual rate of return is implied on a $2,500 loan taken next year when $6,000 must be repaid in year 6? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Annual rate of return %

Problem 3 To withdraw the following $ 1,000 payment series in the figure, determine the minimum deposite (P) you should make now if your deposits earn an interest rate of 10 % compounded anually. Note that you are making another deposite at the end of year 7 in the amount of $ 500. With the minimum deposit P, your balance at the end of year 10 should be 0. SLO00 • 10 $ 500 A. P= $ 4,912 B. P= $ 4,465 C. P= $ 5,374 D. P=$ 5,912

For each of the following, compute the future value: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Present Value $ $ $ $ 2,597 7,834 81,286 213,612 Years 11 7 14 16 Interest Rate 13 % 9% 12 % 6% Future Value

K t 1 ences Using Exhibit 1-B, complete the following table. (Round FVA factors to 3 decimal places and final answers to the nearest whole dollar.) Annual Deposit Rate of Return $ $ $ $ 1,200 1,200 1,200 1,200 4% 7% 6% 9% Number of Years 10 10 30 30 Investment Value at the End of Time Period Total Amount of Investment Total Amount of Earnings

For each of the following, compute the future value: (Do not round intermediate calculations and round your final answers to 2 decimal places.) Present Value $ 2,650 9,552 84,355 191,796 Years 12 6 13 7 Interest Rate 12% 10 11 7 ta ta ta ta $ $ $ $ Future Value

Problem 4-3 Calculating Present Values For each of the following, compute the present value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Problem 5-15 Calculating the Interest Rate (LO2) Find the interest rate implied by the following combinations of present and future values. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Present Value $360 163 260 Years 10 3 6 Future Value 708 217 260 Interest Rate % % 0 %