I-13.01 Worksheet

I-13.01 Worksheet - (c How much should be set aside today...

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Name: Date: Section: I-13.01 (a) How much will a lump sum of $10,000, invested at 7% per annum, grow to in 20 years? From Excel: (b) How much will be in account after 2 years, if $50 is placed into the account at the beginning of each month? Assume the account's interest rate is 6%, with monthly compounding. From Excel:
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Unformatted text preview: (c) How much should be set aside today, so that it will grow to $30,000 in 15 years? The discount rate is 9%. From Excel: (b) What is the present worth of an income stream that includes annual payments of $100,000 for 20 years? Assume the appropriate discount rate is 8% per year. From Excel: `...
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