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Chapter 5b

Chapter 5b - Chapter 5b 1 What will be the FV of the...

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Unformatted text preview: Chapter 5b 1. What will be the FV of the following investments?(end mode) a. \$999.98 for 40 years at 7% annually b. \$999.98 and monthly payments of \$200 for 40 years at 7% compounded monthly c. \$999.98 and monthly payments of \$200 for 40 years at 9% compounded monthly d. \$999.98 and monthly payments of \$300 for 40 years at 9% compounded monthly 2. How much do you need to invest per compounding period to reach \$1,000,000 in the following scenarios(end mode)? a. 45 years at 12% compounded semi-annually b. 25 years at 10% compounded annually c. 35 years at 8% compounded monthly d. 15 years at 15% compounded monthly 3. How many years will it take to get the following? a. \$900 to become \$2000 at 10% compounded monthly b. \$10,000 to become \$2,000, 000 at 9% compounded semi-annually c. \$100,000 to become \$1,000,000 at 7% compounded annually d. \$9,000 to become \$2,000,000 at 10% compounded monthly 4. What is the present value of the following amounts?...
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Chapter 5b - Chapter 5b 1 What will be the FV of the...

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