1. Calculate the future value of $50,000, 10 years from now if the annual interest...
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Accounting
1. Calculate the future value of $50,000, 10 years from now if the annual interest rate is:
a. 0 percent
b. 5 percent
c. 10 percent
2. Calculate the present value of $25,000 to be received in 5 years, if the annual interest rate is:
a. 0 percent
b. 5 percent
c. 10 percent
3. If you deposit $10,000 in a bank account which pays 10 percent interest annually, how much money will be in your account after 5 years?
4. Suppose you deposit $1,000 in 4 payment of $250 each on January 1of 2007, 2008, 2009 and 2010. How much would you have in your account on January 1, 2010, based on 8 percent annual compounding?
5. You placed a bet on Chicago for this year
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