-What is the future value at the end of year 25of depositing $5,000 today, $3,500...
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-What is the future value at the end of year 25of depositing $5,000 today, $3,500 at the end of years 1, 2 and 3, $5,000 at the end of years 4, 5, 6 and 7 and $4,250 at the end of years 8, 9, 10, 11 and 12 into an account that pays 9.5% p.a.?(No deposits will be made into the account after year 12).
-If you wanted to fund a scholarship that would pay $12,500 per year forever at GSU, how much would you have to deposit today if you wanted the scholarship to start paying ten(10)years from today? Assume the endowment could earn 6.25% p.a. interest forever.
-You currently owe $20,000 on a car loan at 8.25 percent interest. If you make monthly payments of $596.59 per month, how long (i.e., number of months rounded to one decimal place) will it take you to fully repay the loan?
-It is now January 1. You plan to make 5 deposits of $300 each, one every6 months, with the first payment being made exactly six months from today. If the bank pays a nominal interest rate of 12% but uses semiannual compounding, how much will be in your account exactly 12yearsfrom today?
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