Calculate the present value of the following single amounts. (FV of $1, PV of $1, FVA of $1, and PVA financial calculator. Round your answers to 2 decimal places.) 1. 2. 3. Future Value $ 8,900 5,900 4,900 Annual Rate 4% 10% 8% Interest Compounded Annually Semiannually Quarterly Period Invested 3 years 6 years 2 years Present Value

Calculate the present value of the following single amounts. (FV of $1, PV of $1, FVA of $1, and PVA financial calculator. Round your answers to 2 decimal places.) 1. 2. 3. Future Value $ 8,900 5,900 4,900 Annual Rate 4% 10% 8% Interest Compounded Annually Semiannually Quarterly Period Invested 3 years 6 years 2 years Present Value

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

Problem 1PS

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Use the formula for computing future value using compound interest to determine the value of an account at the end of 9 years if a principal amount of $18,000 is deposited in an account at an annual interest rate of 3% and the interest is compounded quarterly. Question content area bottom Part 1 The amount after 9 years will be $enter your response here. (Round to the nearest cent as needed.)
Calculate compound interest and effective rateSuppose $ 2,000 is deposited into a savings and loan account that pays 7.5% interest compounded semi-annually. Use compound interest to calculate the following:a. How much money will you have saved after 2 years?b. How much will be owed after 2 years?
Complete the following using compound future value. (Use the Table provided.) (Round your answers to the nearest cent.) Time Principal Rate Compounded Amount Interest 10 years $17,100 4% Annually $ $
Manually calculate the compound amount and compound interest for the following investment. Round your answers to the nearest cent. Do not round intermediate calculations. Time Nominal Interest Compound Compound Principal Period (years) Rate (%) Compounded Amount Interest $4,000 2 annually
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Nominal Interest Compound Compound Principal Period (years) Rate (%) Compounded Amount Interest $5,100 8 quarterly Need Help? Read It
Find the simple interest. (The rate is an annual rate unless otherwise noted. Assume 360 days in a year.) p=$200, r=4%, t=5 years A. $10 B. $40 C. $160 D. $4
Complete the following using compound future value. (Use the Table provided.) (Round your answers to the nearest cent.) Time Principal Rate Compounded Amount Interest 12 years $15,000 3 1/2 % Annually
How to Find the future value and compound interest on $6,000 at 4% compounded semiannually for two years and how to use the future value or compound amount of $1.00 Table or the future value and compound interest formula. What is the future value?
Calculate the following: a. The future value of a deposit of $400 left in an account paying 4% annual interest for 13 years. b. The future value at the end of 6 years of a $850 annual end-of-year deposit into an account paying 11% annual interest. a. The future value, FV, on a deposit of $400 left in an account paying 4% annual interest for 13 years is $ the nearest cent.) (Round to
Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment. (Round your answers to the nearest cent.) Time Principal Period (years) Nominal Rate (%) Interest Compounded $26,000 11 5 annually $ Compound Amount $ Compound Interest
Determine how long an ordinary annuity account with regular monthly deposits of D = $310.00 that earns 2.89% annual interest to have a future value FV = $15,800. Round years to three decimal places. Your answer

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