Find the future value of an initial $1,200 compounded for 6 years at 5%, with annual compounding.
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- Find the future value of an initial $500 compounded annually for 6 years at 8%.Find the present value that will generate the future value of $8000, compounded annually at 5% for 2 years.Find the present value of the following future amount. $300,000 at 12% compounded semiannually for 15 years What is the present value? (Round to the appropriate cent.)
- Determine the present worth of a maintenance contract that has a cost of $30,000 in year 1 andannual increases of 6% per year for 10 years. Use an interest rate of 6% per year. Draw a cash flow diagram.Find the present value of $10,000 if interest is paid at a rate of 9% per year, compounded semiannually, for 2 years. (Round your answer up to the nearest cent.)Calculate the future value of 6 payments at the end of the year of $10,000 with an annual interest rate of 8 %. Redo this calculation assuming semi-annual interest.
- Determine the present value of a 3 year CSB with an interest rate of 3.9%, compounding semi-annually, if the future value is $2000An investment of $7000 at 1% is compounded semiannually for three years. Find the future value and compound interest. Use the $1.00 future value table or the future value and compound interest formula.Find the present value of an annuity of P20,000 payable annually for 8 years, with the first payment at the end of the 11th year, if money is worth 5% compounded annually.
- A N$1000 loan is repaid by annual payments of N$150, plus a smaller final payment. The first payment is made one year after the time of the loan and construct an amortization schedule and determine the size of the last payment interest rate=10% per annum time=3 yearsCompute the future value of annual payments of $1,000, paid for 4 years, using an interest rate of 3% (compounded).Compute the amount of money to be set aside today to ensure a future value of 4,100 in one year if the interest rate is 5.5% annually, compounded annually