Todd Spodek will invest $5,000 at the beginning of each year for the next 9 years. The interest rate is 8 percent. What is the future value? A. $62,440 B. $67,435 C. $72,435 D. $58,471

Eric is evaluating a growing perpetuity investment from a large financial service firm. The investment promises an initial pymt of $19,800 at the end of this year and subsequent pymts that will grow at a rate of 2.8% annually. If you use a 9% discount rate for investments like this, what is the present value of this growing perpetuity? (round final answer 2 decimal palces)

Calculate the future value in five years of $5,000 received today if your investments pay. 6 percent compounded annually 8 percent compounded annually 10 percent compounded annually 10 percent compounded semiannually 10 percent compounded quarterly What do your answers to these questions tell you about the relation between future values and interest rates and between future values and the number of compounding periods per year?

A lottery winner will receive $1 million at the end of each of the next ten years. What is the future value (FV) of her winnings at the time of her final payment, given that the interest rate is 8.5% per year? A. $14.84 million B. $19.95 million C. $18.95 million D. $13.84 million

You have $17,500 you want to invest for the next 40 years. You are offered an investment plan that will pay you 6 percent per year for the next 20 years and 10 percent per year for the last 20 years.   a. How much will you have at the end of the 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the investment plan pays you 10 percent per year for the first 20 years and 6 percent per year for the next 20 years, how much will you have at the end of the 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

A lottery winner will receive $1 million at the end of each of the next twelve years. What is the future value​ (FV) of her winnings at the time of her final​ payment, given that the interest rate is 8.1​% per​ year?   A. $19.09   million   B. $30.54 million   C. $26.73 million   D. $15.27 million

Your uncle is about to retire, and he wants to buy an annuity that will provide him with $97,000 of income a year for 20 years, with the first payment coming immediately. The going rate on such annuities is 5.45%. How much would it cost him to buy the annuity today?   a. $1,192,059.14     b. $1,164,011.03     c. $1,195,837.87     d. $1,261,011.03     e. $1,227,449.63

Ralph has an investment worth $264,289.32. The investment will make a special payment of X to Ralph in 2 years from today. The investment also will make regular, fixed annual payments of $67,000.00 to Ralph with the first of these payments made to Ralph in 1 year from today and the last of these annual payments made to Ralph in 5 years from today. The expected return for the investment is 11 percent per year. What is X, the amount of the special payment that will be made to Ralph in 2 years? O $16,664.22 (plus or minus 10 dollars) O $20,531.99 (plus or minus 10 dollars) O $12,184.74 (plus or minus 10 dollars) O $74,370.00 (plus or minus 10 dollars) O none of the answers are within 10 dollars of the correct answer

Bill Padley expects to invest $15,000 for 5 years, after which he wants to receive $22,039.50. What rate of interest must Padley earn? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Present Value Table Factor Interest Rate %

Tom Thompson expects to invest $17,000 at 9% and, at the end of a certain period, receive $43,867. How many years will it be before Thompson receives the payment? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Present Value Table Factor Years years