2010-07-08_235158_Mark

2010-07-08_235158_Mark - 1. Future Value. What is the...

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1. Future Value. What is the future value of a. $773 invested for 14 years at 11 percent compounded annually? $3331.97 b. $210 invested for 7 years at 6 percent compounded annually? $315.76 c. $650 invested for 10 years at 9 percent compounded annually? $1538.79 d. $615 invested for 7 years at 14 percent compounded annually? $1538.90 2. Present Value. What is the present value of a. $803 to be received 10 years from now at a 15 percent discount rate? $198.49 b. $406 to be received 6 years from now at a 5 percent discount rate? $302.96 c. $300 to be received 10 years from now at a 9 percent discount rate? $126.72 d. $632 to be received 14 years from now at a 14 percent discount rate? $100.94 3. Future Value of an Annuity. What is the future value of a. $557 a year for 14 years at 5 percent compounded annually? $10916.44 b. $748 a year for 8 years at 10 percent compounded annually? $8554.04 c. $442 a year for 8 years at 12 percent compounded annually? $5436.46 d. $976 a year for 12 years at 5 percent compounded annually? $15535.12 4. Present Value of an Annuity. What is the present value of a. $1,163 a year for 15 years at an 8 percent discount rate? $9954.76
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This note was uploaded on 06/20/2011 for the course ACCT 101 taught by Professor Joannes during the Spring '11 term at Aarhus Universitet.

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2010-07-08_235158_Mark - 1. Future Value. What is the...

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