math-1.docx

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

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?

$14,593

$14,693

$16,693

$13,963

Determine the future values if $5,000 is invested in each of the following situations: 5 percent for ten years.

$8,144

$7,144

$6,144

$7,414

Determine the future value if $5,000 is invested in each of the following situations: 7 percent for seven years

$8,130

$8,031

$8,028

$7,028

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

$7,057

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

Use a financial calculator or computer software program to answer the following question:

· 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

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