For Prof Frank ONLY

Week 2 Quiz_Study Guide: Examples

#1aFV =500,000 #2aPV =105,000 #3aPV =30,000

Nper =19.0 Rate =4.2%PMT =500.00

Rate =8.0%Nper =20.0 Nper =72.0

? PV(115,856) pmt/yr =12.0 pmt/yr =12.0

? PMT($647.40)mo rate0.52%

#1bPV =50,000 ? Rate6.20%

Nper =10.0 #2bPV =35,000

Rate =6.0%Rate =6.0%#3bFV =3,000,000

? FV89,542 Nper =7.0 Rate =8.0%

pmt/yr =12.0 Nper =35.0

#1cPV =500,000 ? PMT($511.30)PV =120,000

Nper =10.0 ? PMT($7,113.40)

Rate =5.5%#2cPV =25,000

? FV854,072 Rate =3.0%#3cPV =-

Nper =6.0 PMT =200.00

pmt/yr =12.0 Rate =7.0%

? PMT($379.84)Nper =5.0

pmt/yr =12.0

? FV$14,318.58