eBook Do the Math 1-4 Future Values Calculate the following: A-Z a. The future value of lump-sum investment of $4,800 in four years that earns 5 percent. Round your answer to the nearest dollar. (Hint: Use Appendix A.1 or the Garman/Forgue companion website.) Round Future value of a Single Amount in intermediate calculations to four decimal places. b. The future value of $1,000 saved each year for three years that earns 5 percent. Round your answer to the nearest dollar. (Hint: Use Appendix A.3 or the Garman/Forgue companion website.) Round Future value of Series of Equal Amounts in intermediate calculations to four decimal places. c. A person who invests $1,500 each year finds one choice that is expected to pay 4 percent per year and another choice that may pay 7 percent. What is the difference in return if the investment is made for four years? Round your answer to the nearest dollar. (Hint: Use Appendix A.3 or the Garman/Forgue companion website.) Round Future value of Series of Equal Amounts in intermediate calculations to four ిగ decimal places. d. The amount a person would need to deposit today with a 6 percent interest rate to have $4,000 in three years. Round your answer to the nearest dollar. (Hint: Use Appendix A.2 or the Garman/Forgue companion website.) Round Present value of a Single Amount in intermediate calculations to four decimal places. 2$
eBook Do the Math 1-4 Future Values Calculate the following: A-Z a. The future value of lump-sum investment of $4,800 in four years that earns 5 percent. Round your answer to the nearest dollar. (Hint: Use Appendix A.1 or the Garman/Forgue companion website.) Round Future value of a Single Amount in intermediate calculations to four decimal places. b. The future value of $1,000 saved each year for three years that earns 5 percent. Round your answer to the nearest dollar. (Hint: Use Appendix A.3 or the Garman/Forgue companion website.) Round Future value of Series of Equal Amounts in intermediate calculations to four decimal places. c. A person who invests $1,500 each year finds one choice that is expected to pay 4 percent per year and another choice that may pay 7 percent. What is the difference in return if the investment is made for four years? Round your answer to the nearest dollar. (Hint: Use Appendix A.3 or the Garman/Forgue companion website.) Round Future value of Series of Equal Amounts in intermediate calculations to four ిగ decimal places. d. The amount a person would need to deposit today with a 6 percent interest rate to have $4,000 in three years. Round your answer to the nearest dollar. (Hint: Use Appendix A.2 or the Garman/Forgue companion website.) Round Present value of a Single Amount in intermediate calculations to four decimal places. 2$
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
Related questions
Question
Transcribed Image Text:eBook
Do the Math 1-4
Future Values
Calculate the following:
A-Z
a. The future value of lump-sum investment of $4,800 in four years that earns 5 percent. Round your answer to the nearest dollar. (Hint: Use
Appendix A.1 or the Garman/Forgue companion website.) Round Future value of a Single Amount in intermediate calculations to four decimal
places.
b. The future value of $1,000 saved each year for three years that earns 5 percent. Round your answer to the nearest dollar. (Hint: Use Appendix
A.3 or the Garman/Forgue companion website.) Round Future value of Series of Equal Amounts in intermediate calculations to four decimal
places.
c. A person who invests $1,500 each year finds one choice that is expected to pay 4 percent per year and another choice that may pay 7
percent. What is the difference in return if the investment is made for four years? Round your answer to the nearest dollar. (Hint: Use
Appendix A.3 or the Garman/Forgue companion website.) Round Future value of Series of Equal Amounts in intermediate calculations to four
ిగ
decimal places.
d. The amount a person would need to deposit today with a 6 percent interest rate to have $4,000 in three years. Round your answer to the
nearest dollar. (Hint: Use Appendix A.2 or the Garman/Forgue companion website.) Round Present value of a Single Amount in intermediate
calculations to four decimal places.
2$
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