1. If $1000 is invested at 6% compounded ineterest on January 1, 1990, how much will be accumulated by January 1, 2000? 2. How much would you have to invest at 6% interest on January 1, 1994, in order to accumulate $1791 on January 1, 2000? 3. What is the present worth on January 1, 1987, of $1263 on January 1, 1994, if interest is at 6%? 4. How much must be deposited at 6% each year for 7 years beginning on January 1, 1991 in order to accumulate $1504 on the date of the last deposit, January 1, 1997? 5. How much would you need to deposit at 6% on January 1, 1990, in order to draw out S179.2 at the end of each year for 7 years, leaving nothing in the fund at the end? 6. If $2000 is invested now, $1500 2 years hence , and S1000 4 years hence, all at 8%, what will the total amount be 10 years hence?
1. If $1000 is invested at 6% compounded ineterest on January 1, 1990, how much will be accumulated by January 1, 2000? 2. How much would you have to invest at 6% interest on January 1, 1994, in order to accumulate $1791 on January 1, 2000? 3. What is the present worth on January 1, 1987, of $1263 on January 1, 1994, if interest is at 6%? 4. How much must be deposited at 6% each year for 7 years beginning on January 1, 1991 in order to accumulate $1504 on the date of the last deposit, January 1, 1997? 5. How much would you need to deposit at 6% on January 1, 1990, in order to draw out S179.2 at the end of each year for 7 years, leaving nothing in the fund at the end? 6. If $2000 is invested now, $1500 2 years hence , and S1000 4 years hence, all at 8%, what will the total amount be 10 years hence?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:1. If $1000 is invested at 6% compounded ineterest on January 1, 1990, how much will
be accumulated by January 1, 2000?
2. How much would you have to invest at 6% interest on January 1, 1994, in order to
accumulate $1791 on January 1, 2000?
3. What is the present worth on January 1, 1987, of $1263 on January 1, 1994, if interest
is at 6%?
4. How much must be deposited at 6% each year for 7 years beginning on January 1,
1991 in order to accumulate $1504 on the date of the last deposit, January 1, 1997?
5. How much would you need to deposit at 6% on January 1, 1990, in order to draw out
S179.2 at the end of each year for 7 years, leaving nothing in the fund at the end?
6. If $2000 is invested now, $1500 2 years hence , and S1000 4 years hence, all at 8%,
what will the total amount be 10 years hence?
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