1. If you receive $176 each month for 12 months and the discount rate is 0.04,...

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Finance

1. If you receive $176 each month for 12 months and thediscount rate is 0.04, what is the future value?
(show the process and can use financial calculator)

2. If you receive $249 each quarter for 4 quarters and thediscount rate is 0.08, what is the present value?
(show the process and can use financialcalculator)

3. If you receive $98 each month for 12 months and thediscount rate is 0.07, what is the present value?
(show the process and can use financialcalculator)

4. If you receive $116 each month for 28 years and thediscount rate is 0.08, what is the present value?
(show the process and can use financialcalculator)

5. If you receive $136 each 6 months for 3 years and thediscount rate is 0.03, what is the future value?
(show the process and can use financialcalculator)

Answer & Explanation Solved by verified expert

4.2 Ratings (535 Votes)

1 Amount received each month P 176 Monthly Interest Rate r 00412 Number of months n 12 Future Value FV P1rn1 P1r2 P1r P P1rn 1r 17610041212 100412 215115 2 See Answer

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1. If you receive $176 each month for 12 months and thediscount rate is 0.04, what is the future value?(show the process and can use financial calculator)2. If you receive $249 each quarter for 4 quarters and thediscount rate is 0.08, what is the present value?(show the process and can use financialcalculator)3. If you receive $98 each month for 12 months and thediscount rate is 0.07, what is the present value?(show the process and can use financialcalculator)4. If you receive $116 each month for 28 years and thediscount rate is 0.08, what is the present value?(show the process and can use financialcalculator)5. If you receive $136 each 6 months for 3 years and thediscount rate is 0.03, what is the future value?(show the process and can use financialcalculator)