Chapter 6 assignments and solutions

Chapter 6 assignments and solutions - CHAPTER 6 HOMEWORK -...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 6 HOMEWORK - SOLUTIONS Ex. 6-133 —Present and future value concepts. On the right are six diagrams representing six different present and future value concepts stated on the left. Identify the diagrams with the concepts by writing the identifying letter of the diagram on the blank line at the left. Assume n = 4 and i = 8%. Concept Diagram of Concept _____ 1. Future value of 1. ? $1 a. | | | | | _____ 2. Present value of 1. ? _____ 3. Future value of an annuity $1 $1 $1 $1 due of 1. b. |- - - - | | | | _____ 4. Future value of an ordinary annuity of 1. ? $1 $1 $1 $1 _____ 5. Present value of an ordinary c. | | | |- - annuity of 1. _____ 6. Present value of an annuity ? $1 $1 $1 $1 due of 1. d. | | | | | $1 ? e. | | | | | $1 $1 $1 $1 ? f. | | | | |
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Solution 6-133 1. e 2. a 3. f 4. b 5. d 6. c Pr. 6-141 —Present value and future value computations. Part (a) Compute the amount that a $20,000 investment today would accumulate at 10% (compound interest) by the end of 6 years. Part (b)
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 4

Chapter 6 assignments and solutions - CHAPTER 6 HOMEWORK -...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online