Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $800 compounded for 10 years at 6%. b. An initial $800 compounded for 10 years at 12%. c. The present value of $800 due in 10 years at 6%.

Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $800 compounded for 10 years at 6%. b. An initial $800 compounded for 10 years at 12%. c. The present value of $800 due in 10 years at 6%.

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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please solve b, c and d part
Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $800 compounded for 10 years at 3%. $ b. An initial $800 compounded for 10 years at 6%. $ c. The present value of $800 due in 10 years at 3%. $ d. The present value of $2,855 due in 10 years at 6% and 3%. Present value at 6%: $ Present value at 3%: $
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11. Find the present values of these ordinary annuities. Discounting occurs once a year. a. $400 per year for 10 years at 10%. b. $200 per year for 5 years at 5% c. $400 per year for 5 years at 0% d. Rework parts a-c assuming they are annuities due.
Find the amount to which $300 will grow under each of these conditions: a. 6% compounded annually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ b. 6% compounded semiannually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ c. 6% compounded quarterly for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ d. 6% compounded monthly for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. $ e. 6% compounded daily for 10 years. Assume 365-days in a year. Do not round intermediate calculations. Round your answer to the nearest cent. $ f.Why does the observed pattern of FVs occur?

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