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Determine the present values if $5,000 is received in the future (that is, at the end of each indicated time period) in each of the following situations:

· 5 percent for ten years

$3,070

$2,070

$3,170

$4,070

Determine the present values if $5,000 is received in the future (that is, at the end of each indicated time period) in each of the following situations: 7 percent for seven years.

$2,114

$4,114

$3,114

$1,314

Determine the present values if $5,000 is received in the future (that is, at the end of each indicated time period) in each of the following situations: 9 percent for four years:

$4,542

$6,542

$2,542

$3,542

Assume you are planning to invest $5,000 each year for six years and will earn 10 percent per year. Determine the future value of this annuity if your first $5,000 is invested at the end of the first year.

$38,470

$38,578

$34,578

$35,878

Determine the present value now of an investment of $3,000 made one year from now and an additional $3,000 made two years from now, if the annual discount rate is 4 percent.

$5,658.28

$5,628.19

$5,638.29

$5,658.19

Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan's eight-year life. What would be the present value of this loan if it carried an 8.5 percent interest rate?

$1,546

$1,200

$1,000

$1,100

Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan's eight-year life. What would be the present value of this loan if it carried a 10 percent interest rate?

$920

$820

$720

$620

Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan's eight-year life. What would be the present value of the loan if the interest rate is 8 percent?

$1,038

$1,048

$1,058

$1,028