Fin 100 week 4 homework latest
Fin 100 week 4 homework latest
FIN100 Week 4 Homework
Question 1
Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a simple interest rate?
$14,000
$14,200
$16,000
$11,000
Question 2
Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a compound interest rate?
$14,590
$14,690
$16,690
$13,960
Question 3
Determine the future values if $5,000 is invested in each of the following situations:
· 5 percent for ten years
$8,145
$7,145
$6,145
$7,415
Question 4
Determine the future value if $5,000 is invested in each of the following situations:
· 7 percent for seven years
$8,130
$8,031
$8,030
$7,030
Question 5
Determine the future value if $5,000 is invested in each of the following situations:
· 9 percent for four years
$7,260
$7,620
$7,062
$7,060
Question 6
Find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. Also calculate the present value if the $7,000 is received after two years.
$6,796.12 and $6,598.17
$7,696.13 and $5,698.17
$6,976.12 and $6,968.17
$6,796.12 and $6,859.17
Question 7
Use a financial calculator or computer software program to answer the following questions:
· What would be the future value of $15,555 invested now if it earns interest at 14.5 percent for seven years?
$30,134
$40,134
$50,134
$25,000
Question 8
What would be the future value of $19,378 invested now if the money remains deposited for eight years and the annual interest rate is 18 percent?
$72,839
$73,296
$70,296
$71,000
Fin 100 week 4 homework latest
FIN100 Week 4 Homework
Question 1
Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a simple interest rate?
$14,000
$14,200
$16,000
$11,000
Question 2
Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a compound interest rate?
$14,590
$14,690
$16,690
$13,960
Question 3
Determine the future values if $5,000 is invested in each of the following situations:
· 5 percent for ten years
$8,145
$7,145
$6,145
$7,415
Question 4
Determine the future value if $5,000 is invested in each of the following situations:
· 7 percent for seven years
$8,130
$8,031
$8,030
$7,030
Question 5
Determine the future value if $5,000 is invested in each of the following situations:
· 9 percent for four years
$7,260
$7,620
$7,062
$7,060
Question 6
Find the present value of $7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. Also calculate the present value if the $7,000 is received after two years.
$6,796.12 and $6,598.17
$7,696.13 and $5,698.17
$6,976.12 and $6,968.17
$6,796.12 and $6,859.17
Question 7
Use a financial calculator or computer software program to answer the following questions:
· What would be the future value of $15,555 invested now if it earns interest at 14.5 percent for seven years?
$30,134
$40,134
$50,134
$25,000
Question 8
What would be the future value of $19,378 invested now if the money remains deposited for eight years and the annual interest rate is 18 percent?
$72,839
$73,296
$70,296
$71,000