iclicker - 8 QUESTIONS FROM TVM (8PTS EACH), 6 QUESTIONS...

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8 QUESTIONS FROM TVM (8PTS EACH), 6 QUESTIONS FROM ASSIGNED PROBLEMS (5PTS EACH) AND 6 HARD RANDOM QUESTIONS (1 PT EACH) 1. If $8,633 is invested today in a savings account at an annual interest rate compounded annually of 8.63%, the balance in the account 3 years hence will be: $11,067 2. If you want to have $15,016 7 months from today and the applicable interest rate is 6.5% per year compounded quarterly, the lump sum amount you need to invest today is: $14,464 3. The present value of $36,326 due 8 years from today when the annual interest rate of 9.47% is compounded annually is: $17,614 4. At 9.40% annual interest, compounded semiannually, how many years will it take for an initial sum of $364 to grow to $73,163? : 57.3 5. The present value of $6,796 to be received 11 years from today at an annual rate of 12.63%, compounded quarterly, is: $1,731 6. Your uncle deposits $680 per month for 13 months in an account paying interest of 2.63% per year compounded monthly. The payments begin one month from today. At the
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This note was uploaded on 12/12/2011 for the course FINA 363 taught by Professor Masoudie during the Fall '10 term at South Carolina.

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iclicker - 8 QUESTIONS FROM TVM (8PTS EACH), 6 QUESTIONS...

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