CALCULATE: (5 PTS EA.) 1- The future value of a $5,500 invested for 11 years...
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CALCULATE: (5 PTS EA.) 1- The future value of a $5,500 invested for 11 years at 6.5% APR compounded quarterly 2- The present value of 580,000 to be received on 2/27/2036 if 4.5% is the appropriate discount factor. 3- The annual percentage rate (APR), necessary to grow $2,200 into $4,000 in 7 years 4- The NPER necessary to grow $1,000 into $1,999.01 at a rate of 8%. 5- The future value in an account on 2/27/2056 if I deposit $12.000 annually and earn 7.5%. The first deposit is made on 2/27/2018 6- The present value TODAY of a prize of S2,000 per month for 15 years, discounted (annually) at 7%. The first payment arrives today 7- The monthly mortgage payment on a $600,000 loan for 30 years at 3.25% 8- The monthly lease payment on a $75,000 car with a $45,000 residual value. The term of the lease is 39 months and the APR is 4.75%
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