Fina310 Introduction To TVM.docx - Fina310 Introduction To TVM You are trying to save money and decide to stick $5 a day under your pillow At the end of

Fina310 Introduction To TVM.docx - Fina310 Introduction To...

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Fina310 Introduction To TVM You are trying to save money and decide to stick $5 a day under your pillow. At the end of the year you deposit the lump sum. How much interest will you have earned after 20 years if the assumed rate is 5%? $96,845.37 Not enough information provided $23,845.37 $21,365.42 You are trying to save money and decide to stick $5 a day under your pillow. At the end of the year you deposit the lump sum. How much will you have after 20 years if the assumed rate is 5%? $36,500.00 $60,345.37 $57,865.42 $96,845.37 What is the value of $500 in 3.5 years if received today and the discount rate is 6.25%? $618.19 $613.11 $599.73 $637.21 You are promised a 3 year annuity at $275. What is the value of this annuity today if the rate is 2%?$793.07$275.00$259.14$841.61
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rate is 2%? $291.83 $793.07 $825.00 $841.61 You currently have $1,200 and need $1,750 in 4 years. What rate do you need to invest at in order to hit your goal? .0889 .0989 .5739 Not enough information is provided You currently have $900 and need $1,500 in 3 years for a down payment on a car. What rate do
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