# homework #2 - 1 FV= PV(1 i)^n=1000(1 0.1)^5= \$16,105.1 2...

• 1

This preview shows page 1. Sign up to view the full content.

1- FV= PV(1+i)^n=1000(1+0.1)^5= \$16,105.1 2- PV= FV/(1+i)^n=5000/(1+0.07)^20=\$1292.1 3- N=18 years PV=\$250,000 FV \$1,000,000 Interest? \$1,000,000= 250,000(1+I)^18//// 4=(1+I)^18= 1.08=1+I//// I=1.08-1=0.08= 8% I 4- T= Ln(2)/Ln(1+0.065)=0.693/0.062=11.1 years. 9- A) A=P(1+r/n)^nt A=530 B) A= 561.8 C) P= A/(1+r/n)^nt P=471.69 D) P=446.42 10- A= P(1+r/n)^nt P= A/(1+r/n)^nt A) A=895.42
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern