If Charles Deposits $100,000 in a savings account at a federally insured bank now at 12 percent interest how much will it accumulate in the account in the account in 7 years if no withdrawals are made?
Using a 10 percent discount rate, find the present value of a $1,000 cash flow if received (a) in 1 year, (b) in 2 years and (c) in 6 months.
Find the future value of $1500 saved at an interest rate of 5 percent for (a) 1 year, (b) 2 years, (c) one-half of 1 year.
The Reliable Corporation promised Fred a $10,000 retirement at the end of 25 more years of service. Assume 10 percent is the best interest rate Fred can earn on his long-term average savings. What is the present value of the retirement bonus?
This question was answered on: May 23, 2022
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