Austin Wen's HW1 - Filename StudentName Datecreated...

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Filename Home Work #1 Student Name Austin Wen Date created 01/30/10 Answers a b c d e 1  $1,374.35  2  $3,727.97  3  $126.97  4  $78.76  5 18.01 6 13.9982% 7  $4,094.94   $5,995.40  8  $14,975.14  13.9791% 9  $26,648.23  see Q9 sheet  $38,363.75   $228,118.55  10  $969.46   $-1,496.90  16% 6% 1 3 $-3,000.00 $-2,000.00 $-1,000.00 $- $1,000.00 $2,000.00 $3,000.00 $4,000.00 $5,000.00 $6,000.00
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5 7 9 11 13 15 17 19 21 Column C Column D Column C Column D
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PV  $100.00  Rate 14% Nper 20 FV  $1,374.35  1.Today, Neal puts $100 into an account that earns an APR of  14% and annual compounding. How much money will  accumulate in his account 20 years from now?
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PV Nper 15 Rate 12.00% Pmt  $100.00  FV  $3,727.97  1. You are considering an investment that offers 15 yearly payments of  $100. If you plan on having these payments deposited directly into your  savings account, how much will you have in your account at the end of the  investment, given that your account earns annual compounding and an APR  of 12%?
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PV 100 Rate 1.00% Nper 24 FV  $126.97  1. Find the value of $100 twenty-four years from now,  given the fact that it can be placed into an account  earning an APR of 1% and annual compounding.
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PV  $78.76  Nper 24 Rate 1.00% FV 100 1. What is the value today of an  investment that provides a grand total of  $100 twenty-four years from now, given an  interest rate of 1% and annual  compounding?
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PV 1 Nper 18.01 Rate 8% FV 4 1. How long will it take for Marlee’s  money to quadruple, if she places it  into an account that offers an APR of  8% and annual compounding?
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 $10,000.00  Nper 10 Rate 13.99819% FV Pmt  $1,917.00  1. Dr. Irvine has $10,000 in an  account today. If he would like to 
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This note was uploaded on 06/06/2011 for the course STAT 4290 taught by Professor Lazar during the Spring '11 term at University of Georgia Athens.

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Austin Wen's HW1 - Filename StudentName Datecreated...

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