FIN2030 Quantitative Assignment,
Week 2
1. Future Value.
What is the future value of
a. $773 invested for 14 years at 11 percent compounded annually?
b. $210 invested for 7 years at 6 percent compounded annually?
c. $650 invested for 10 years at 9 percent compounded annually?
d. $615 invested for 7 years at 14 percent compounded annually?
2. Present Value. What is the present value of
a. $803 to be received 10 years from now at a 15 percent discount rate?
b. $406 to be received 6 years from now at a 5 percent discount rate?
c. $300 to be received 10 years from now at a 9 percent discount rate?
d. $632 to be received 14 years from now at a 14 percent discount rate?
3. Future Value of an Annuity. What is the future value of
a. $557 a year for 14 years at 5 percent compounded annually?
b. $748 a year for 8 years at 10 percent compounded annually?
c. $442 a year for 8 years at 12 percent compounded annually?
d. $976 a year for 12 years at 5 percent compounded annually?
4. Present Value of an Annuity. What is the present value of
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 Spring '11
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