Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 1. compute the future value of: a. an initial $2,0

1. Compute the future value of: a. An initial $2,000 compounded annually for 10 years...

70.2K

Verified Solution

Question

Finance

image

1. Compute the future value of: a. An initial $2,000 compounded annually for 10 years at 8% b. An initial $2,000 compounded annually for 10 years at 10% c. An annuity of $2,000 for 10 years at 8% d. An annuity of $2,000 for 10 years at 10% 2. Calculate how much you would have in a savings account 5 years from now if you invest $1,000 today, given that the interest paid is 8% compounded: a. Annually b. Semiannually c. Quarterly d. Continuously 3. What is the present value of a perpetuity of $80 per year if the discount rate is 11% 4. If you need $6,0005 years from now, how much of a deposit must you make in your savings account each year, assuming an 8% annual interest rate? 5. You have applied for a home mortgage of $75,000 to finance the purchase of a new home for 30 years. The bank requires a 14% interest rate. What will be the annual payment

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Assume you are a professional economist and are asked to evaluate the $2.2 trillion economic stabilization...

Economics
Q

A conducting movable rod AB lies across the frictionless parallel conducting rails in a uniform...

Physics
Q

Two parallel resistance less rails are connected by an inductor of inductance L at one...

Physics
Q

marks A train starts from rest at t 0 along a straight track with a...

Physics
Q

The table below represents the closing prices of stock ABC for the last five days...

Geometry
Q

Yoshi Company completed the following transactions and events involving its delivery trucks. Year...

Accounting
Q

Show Attempt History Current Attempt in Progress Question Accounting Crane Company has the following information...

Accounting
Q

Boswell company reported the following information for the current year: Sales (40,000 units) $800,000, direct...

Accounting
Q

1/Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following...

Accounting
Q

The following selected account balances were taken from the financial statements of Blue Inc. concerning...

Accounting
Q

Jestion 25 Arboris Corp. is currently financed with 50% debt and 50% equity. The equity...

Finance
Q

1. Find the trade discount and net price. (Lesson 1) Item List Price Trade-Discount Trade...

Accounting