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Answer the following time value of money questions assuming the interest rate is 6 percent.
What is the present value of $700 to be received in four years?
What is the present value of $700 to be received in eight years?
What will be the value in seven years of $11,200 invested today?
How much would you pay for the right to receive $4,200 at the end of year 1, $3,200 at the end of year 2, and $7,200 at the end of year 5?
How long will it take for a $1,200 investment to double in value?
What will be the value in 20 years of $1,000 invested at the end of each year for the next 20 years?
Note: Round your answers to 2 decimal places.
| A. PV | | |
| B. PV | | |
| C. FV | | |
| D. PV | | |
| E. Number of time | | Years |
| F. FV | | |
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