Using the formula for simple interest and the given values, find I. P= $300; r= 5%; t = 7 years; I= ? |= S

Compute the simple interest INT for the specified length of time and the future value FV at the end of that time. Round all answers to the nearest cent. You borrow $78,000 for 10 months at 0.03% per month. X INT = $ FV = $

Assume the returns from holding an asset are normally distributed. Also assume the average annual return for holding the asset a period of time was 15.3 percent and the standard deviation of this asset for the period was 33.2 percent. Use the NORMDIST function in Excel® to answer the following questions.     a. What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations and enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.) b. What is the approximate probability that your money will triple in value in a single year? (Do not round intermediate calculations and enter your answer as a percent rounded to 8 decimal places, e.g., 32.16161616.)

j.   Find the PV and the FV of an investment that makes the following end-of-year payments.  The              interest rate is 8%. Year 1 $100, Year 2 $200, Year 3 $400           Year   Payment       1   100       2   200       3   400                     Rate 8%                   To find the PV, use the NPV function: Pv= $581.59                   Year Payment x (1+ I)^(N- t) = FV 1 100         2 200         3 400

Determine the present​ value, P, you must invest to have the future​ value, A, at simple interest rate r after time t. Round answer to the nearest dollar.   A=​$5,000​, r=8.2​%, t=5 years

Determine the present value P you must invest to have the future value A at simple interest rate r after time t. A = $14,000, r = 7.5%, t = 8 years

Use a calculator to evaluate the amortization formula for the values of the variables P, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $14,000; 5%; 4 yr

Questions: 1. Using simple interest computations, find the future value of $3,620 at 2 38%/2 38% 2. Now, using compound interest computations, find the future value of $3,620 at 2 38%/2 38% Time Value of Money Solver). Show what you put into the calculator for your work. 3. Now, using compound interest computations, find the future value of $3,620 at 2 38%/2 38% Time Value of Money Solver). Show what you put into the calculator for your work. 4. Explain why the future values are different in questions 1-3. Explain who would benefit from more frequent compounding. Who would be at a disadvantage from more frequent compounding.

Find the present value PV of the given future value. (Round your answer to the nearest cent.) future valye $1,118 at 3.625 simple interest for 518 days  PV = $

If the present value of an ordinary, 6-year annuity is $8,800 and interest rates are 9.5 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.) PV = $_______.__