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eoc_chapter_04

# eoc_chapter_04 - Chapter 4 Problems 1-25 Input boxes in tan...

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Chapter 4 Problems 1-25 Input boxes in tan Output boxes in yellow Given data in blue Calculations in red Answers in green

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Chapter 4 Question 1 Input area: Interest rate 6% Deposit \$5,000 # of years 10 Output area: Compound interest (Deposit) (1 + r)^t = \$8,954.24 Simple interest (Deposit) (1+ rt) = \$8,000.00 Difference = \$954.24
Chapter 4 Question 2 Input area: Output area: Present value Years Interest rate Future value \$2,250 3 18% \$3,696.82 9,310 10 6% \$16,672.79 81,550 17 12% \$559,925.63 210,384 22 7% \$932,085.64

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Chapter 4 Question 3 Output area: Input area: Present value Years Interest rate Future value \$13,207.58 4 4% \$15,451 \$18,591.97 9 12% 51,557 \$54,756.02 14 22% 886,073 \$20,664.73 18 20% 550,164
Chapter 4 Question 4 Input area: Output area: Present value Years Interest rate Future value \$221.00 4 8.56% \$307 425.00 8 7.55% 761 25,000.00 16 11.21% 136,771 40,200.00 25 7.68% 255,810

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Chapter 4 Question 5 Input area: Output area: Present value Years Interest rate Future value \$250 37.89 4% \$1,105 1,941 7.98 9% 3,860 21,320 14.00 23% 387,120 32,500 6.18 34% 198,212
Chapter 4 Question 6 Input area: Output area: Present value Years Interest rate Future value \$40,000 18 11.84% \$300,000

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Chapter 4 Question 7 Input area: Output area: Present value Years Interest rate Future value \$1 8.04 9% \$2 1 16.09 9% 4
Chapter 4 Question 8 Input area: Output area: Present value Years Interest rate Future value \$10,000 15 9.68% \$40,000

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