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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This note was uploaded on 10/23/2011 for the course BUS M 301 taught by Professor Jimbrau during the Fall '11 term at BYU.

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

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