1.Compute the PV of a $13,395.00 payment made in 7 years when the discount rate...
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1.Compute the PV of a $13,395.00 payment made in 7 years when the discount rate is 8.23%.
| $8,217.29 | ||
| $8.006.37 | ||
| $7,700.33 | ||
| $7,429.95 |
2)You deposit $425.00 into an account which pays 1.25% for the first two years. However, the rate of interest drops to 0.75% thereafter. About what is the value of your investment four years from today [assme annual compounding].?
| $446.65 | ||||||||||||||
| $442.25 | ||||||||||||||
| $426.28 | ||||||||||||||
| $20.37 3.You have $3,000.00 in an account that pays 3.2% annual interest. About how many additional dollars of interest would you earn over a two years period if you moved the money to an account earning 5.1%?
|
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