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  3. 1. you want to purchase a 1 year treasury bill tha

1. You want to purchase a 1 year treasury bill that pays you $1,000 at...

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Finance

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1. You want to purchase a 1 year treasury bill that pays you $1,000 at maturity. If the current market rate of interest is 0.75% annually, what will you need to pay for the treasury? How much interest will you eam (in dollars) on the investment? N: FV: I/Y: PV: 2. The total cost of a college education in 18 years is estimated to be $290,000. You presently have $55,000 to invest. What annual rate of interest must you eam on your investment to cover the cost of a college education in 18 years? PV: N: FV: TY: 3. At 7% interest, how long does it take to double your money? PV: N: FV: 1/Y 4. You just received notification that you have won the $1 million prize in the Centennial Lottery. However, the prize will be awarded on your 100" birthday (assuming you're around to collect) in 80 years. What is the present value of your windfall if the appropriate discount rate is 10%? PV: N: FV: T/Y: 5. In 1890 when the first U.S. Open Championship was held, the winner's prize was $150. In 2010 the winner's check was $1,350,000. At what annual rate of interest has the prize increased at? PV: N: FV: I/Y

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