90.2K

Verified Solution

Link Copied!

4-30 please solve

Computations Involving Interest Chap. 134 4-27. What uniform annual investment is required in 4-28. Problem 4-20 to achieve the account balance as results in Problem 4-22? its? What would be the effein What monthly compound interest rate would result in $1.000 month an accumulated value of S annual rate of returmn on the investment? What monthly compou mulated value of $100,000 after 60 deposits? What wouldhe inanced the refrig gerator by ing 0.5% monthly interest on the unpaid balance. If the refrigerator is equal end-of-month payments, what will be the size of the monthly first payment is not made until I year after the purchase, what will be the monthly payments? A S$100,000 investment is made over a 10-year period. A return of $23,000 occun the end of the first year. Each successive year yields a return that is $2,000 less than previous year's return. If money is worth 8%, what is the equivalent present the investment? What is the equivalent annual worth for the investment? What is equivalent future worth for the investment? (Solve manually and then solve b Excel or another spreadsheet software program.) paid for with 30 4-29. Maria purchased a refrigerator for $1,000. The store financed the refri 4-35 of the 4-30. A S100,000 investment i worth for using 431. AS100.000 nvestment is made over a 10-year period. A return of $23,000 occurs at the end of the first year. Each successive year yields a return that is 12% less than the pre- vious year's return. If money is worth 8%, what is the equivalent present worth for the investment? What is the equivalent annual worth for the investment? What is the equiv- alent future worth for the investment? (Solve manually and then solve by using Excel or another spreadsheet software program.) 4-32. A $75,000 investment is to be made with anticipated annual returns. as shown in the accompanying table. Money is worth 8% to the investor. What must be entered in cells B13, B14, and B15 to obtain present worth, annual worth, and future worth values? 1 EOP Cash Flow 2 0 $75,000.00 31$9.000.0 4 2 $10,000.00 5 3$11.000.00 6 4 12.000.00 75 $13.000.00 8 6 $13,000.00 9 $12,000.00 10 8 $11.000.00 11 9 $10.000.00 12 10 $9.000.00 13 14 1s

Answer & Explanation Solved by verified expert

See Answer