Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- Following is a table for the present value of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 2 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 Using the tables provided, the present value of $6,453 (rounded to the nearest dollar) to be received at the end of each of the next 4 years, assuming an earnings rate of 12%, isarrow_forwardWhich of the following would represent a correct calculation of interest earned on a six month, $100 investment? O $100 principal x 10% rate x 6/12 = $5 interest O $100 principal x (10% rate / 2) x 6/12 = $2.50 interest O $100 principal x 10% rate x 6 = $60 interest O $100 principal x 10% rate x 2 times per year = $20 interestarrow_forwardSubject - account Please help me. Thankyou.arrow_forward
- 1. The future value of $1100, compounding at the rate of 6% annually, after 10 years is (a) $1600.00 (c) $1819.40 (b) $1790.85 (d) $1969.93arrow_forwardFollowing is a table for the present value of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 2 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 Using the tables provided, the present value of $57,000 (rounded to the nearest dollar) to be received 3 years from today, assuming an earnings rate of 6%, is a.$71,501 b.$152,361 c.$47,880 d.$57,000arrow_forwardWhat's the present value of $15,000 discounted back 5 years if the appropriate interest rate is 4.3%, compounded semiannually? Oa. $18,555.60 Ob. $9,845.74 Oc. $12,152.61 Od. $12,125.72 Oe. $13,486.50arrow_forward
- Calculate the future value in five years of $4,000 received today if your investments pay for the following interest rates. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) 6 percent compounded annually b. 8 percent compounded annually a. C. 10 percent compounded annually d. 10 percent compounded semiannually 10 percent compounded quarterly e. Future Valuearrow_forwardUsing the following partial table of present value of $1 at compound interest, the present value of $96,666 to be received 3 years hence with earnings at the rate of 6% a year is Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 A..$61,479.58 b.$76,559.47 c.$66,022.88 d.$81,199.44 please give me answerarrow_forwardvvk.2arrow_forward
- The present value of $500 to be received 7 years from now at an interest rate of 8percent is ? . The present value of $500 to be received at the end of each year for seven years at adiscount rate of 8 percent is ? .arrow_forwardCalculate the future value in six years of $8,000 received today if your investments pay for the following interest rates. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Future Value 5 percent compounded annually b. 7 percent compounded annually c. 9 percent compounded annually d. 9 percent compounded semiannually 9 percent compounded quarterly а. $ 6,268.21 е.arrow_forward5. The present value of 100 paid in n years plus the present value of 100 paid in 2n years is 100 using a nominal interest rate of 0.081011416, compounded quarterly. Calculate n.arrow_forward
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