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Unformatted text preview: of 5 years? Chapter 4 examples  Part 1 Example 5 How much money should you deposit today into a savings account that pays 8% interest annually if you want to have $2,000 at the end of three years? Chapter 4 examples  Part 1 Example 6 What is the present equivalent of $18,000 to be received in 15 years when the interest rate is 7% per year? Chapter 4 examples  Part 1 Example 7 Ashlea purchased 100 shares of Microsoft at a price of $25 per share. She hopes to double her investment. How long will she have to wait if the stock price increases at a rate of 10% per year? Chapter 4 examples  Part 1...
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This note was uploaded on 02/07/2012 for the course IE 343 taught by Professor Vincent,g during the Spring '08 term at Purdue UniversityWest Lafayette.
 Spring '08
 Vincent,G

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