a. The future value of $15,000 invested at 5 percent for 9 years. Future value b. The future value of eight annual payments of $1,400 at 6 percent interest. Future value c. The amount that must be deposited today (present value) at 6 percent to accumulate $32,000 in five years. Present value d. The annual payment on a 11-year, 8 percent, $30,000 note payable. Annual payment

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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a. The future value of $15,000 invested at 5 percent for 9 years.
Future value
b. The future value of eight annual payments of $1,400 at 6 percent interest.
Future value
c. The amount that must be deposited today (present value) at 6 percent to accumulate $32,000 in five years.
Present value
d. The annual payment on a 11-year, 8 percent, $30,000 note payable.
Annual payment
Transcribed Image Text:a. The future value of $15,000 invested at 5 percent for 9 years. Future value b. The future value of eight annual payments of $1,400 at 6 percent interest. Future value c. The amount that must be deposited today (present value) at 6 percent to accumulate $32,000 in five years. Present value d. The annual payment on a 11-year, 8 percent, $30,000 note payable. Annual payment
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