Today
$5,000 Today and Tomorrow
Based on your reading in the textbook, write your answers to the following questions:
- Calculate the present value of $5,000 received 5 years from today if your investments pay:
- 6 percent compounded annually.
- 8 percent compounded annually.
- 10 percent compounded annually.
- 10 percent compounded semiannually.
- 10 percent compounded quarterly.
- What do your answers to these questions tell you about the relation between present values and interest rates and between present values and the number of compounding periods per year?
- Calculate the future value in five years of $5,000 received today if your investments pay:
- 6 percent compounded annually.
- 8 percent compounded annually.
- 10 percent compounded annually.
- 10 percent compounded semiannually.
- 10 percent compounded quarterly.
- What do your answers to these questions tell you about the relation between future values and interest rates and between future values and the number of compounding periods per year?
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