2010-07-08_235158_Mark

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

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

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