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# TVMProbAnswers - 0.0714 13 PV = 24,000 n = 3 i/y = 16 PMT =...

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FGB380 Time Value of Money Practice Problems Answers 1. PV = 24,000 n = 6 i/y = 6.5 FV = 36,478.56 2. FV = 25,000 n = 4 i/y = 8.0 PV = 18,375.75 3. FV = 1,000 n = 2 i/y = 5.0 PV = 907.03 4. PV = 35,000 n = 8 i/y = 20% FV = 150,493.59 PV = 35,000 n = 8 FV = -80,000 i/y = 10.89 5. PMT = 2,500 n = 8 i/y = 10 PV = 13,337.32 6. PMT = 2,500 n = 8 i/y = 10 FV = 28,589.72 7. PMT = 632 n = 48 i/y = 1 PV = 23,999.54 8. PV = 1,000 PMT = -20 i/y = 1.5 n = 93.11 ÷ 12 = 7.76 years 9. “BEG” PV = 27,000 n = 48 i/y = 10.5 ÷ 12 PMT = 685.29 10. PV = 33,950 n = 60 i/y = 14.3 ÷ 12 PMT = 795.25 11. 5,000/0.08 = 62,500 12. 5,000/70,000 = 0.0714
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Unformatted text preview: 0.0714 13. PV = 24,000 n = 3 i/y = 16 PMT = 10,686.19 Beginning Balance 24,000 + Accrued Interest 24,000 × 0.16- Payment 10,686.19 = Remaining Balance 17,153.81 14. 10,000 e 0.08 × 5 = 14,918.25 15. PV = 100,000 n = 360 i/y = 6 ÷ 12 PMT = 599.55 Total payments \$599.55 × 360 215,838 Principal amount 100,000 Interest paid 115,838 16. FV = 10,000 n = 5 i/y = 7 PV = 7,129.86 FV = 5,000 n = 10 i/y = 7 PV = 2,541.75 7,129.86 + 2,541.75 = 9,671.61 17. 200/(1.12) 1 + 400/(1.12) 2 + 600/(1.12) 3 + 800/(1.12) 4 = 1,432.93...
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