Solution ASM Future Value What is the future value of a invested for years at percent

Solution ASM Future Value What is the future value of a invested

What is the future value of a invested for years at percent compounded annually b invested for

Solution ASM Future Value What is the future value of

a invested for years at percent compounded annually b invested for

Solution ASM Future Value What is the future

Solution ASM Future Value

Category: | General |

Words: | 1050 |

Amount: | $12 |

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Paper instructions

Help! Doing Time Value of Money using Excell --- how do I do these problems ???? What is the formula for excell...12. What is the house value on a 10% down mortgage with payments of $1491 per month for 30 years at 6%? ANSWER is 276318 but need formula in excell to work itIt is in these problems attached ... I have figured the others out but need help with this type... Thank you JK1
ASM01.02
1. Future Value.
What is the future value of
a. $1192 invested for 9 years at
11 percent compounded annually?
b. $1127 invested for 9 years at
10 percent compounded annually?
c. $550 invested for 6 years at
8 percent compounded annually?
d. $1120 invested for 3 years at
9 percent compounded annually?
2. Present Value. What is the present value of
a. $1174 to be received
11 years from now at a 13 percent discount rate?
b. $727 to be received
13 years from now at a 9 percent discount rate?
0 $667 to be received
9 years from now at a 11 percent discount rate?
d. $406 to be received
6 years from now at a 15 percent discount rate?
3. Future Value of an Annuity. What is the future value of
a. $1195 a year for 6 years at 5 percent compounded annually?
b. $1126 a year for 9 years at 11 percent compounded annually?
c. $1092 a year for 9 years at 15 percent compounded annually?
d. $202 a year for 6 years at 15 percent compounded annually?
4. Present Value of an Annuity. What is the present value of
a. $795 a year for 15 years at a 12 percent discount rate?
b. $1127 a year for 11 years at a 14 percent discount rate?
c. $623 a year for 12 years at a 7 percent discount rate?
d. $873 a year for 8 years at a 14 percent discount rate?
5. How many years will it take to grow
a. $733 to a value of
2,201.96 at a compound rate of
13 percent ?
b. $598 to a value of
1,705.85 at a compound rate of
14 percent ?
c. $1043 to a value of
1,618.04 at a compound rate of
5 percent ?
d. $274 to a value of
770.67 at a compound rate of
9 percent ?
6. Interest Rate.
At what interest rate will it take to grow
a. $328 to a value of
528.25 over 5 years?
b. $391 to a value of
942.25 over 13 years?
c. $903 to a value of
2,576.36 over 11 years?
d. $343 to a value of
912.39 over 7 years?
7. Annuity. How many years will it take for a payment of
a. $813 to grow to 14,543.31 at a compound rate of
7 percent ?
b. $454 from a future value of 4,580.41 at a compound rate of
12 percent ?
c. $1146 from a future value of 11,211.63 at a compound rate of
11 percent ?
d. $234 from a future value of 3,314.37 at a compound rate of
11 percent ?
8. Annuity.
At what interst rate will a payment of
a. $1094 grow to 22,033.95 over a period of 12 years?
b. $873 grow to 12,061.76 over a period of 10 years?
c. $259 grow to 5,944.93 over a period of 13 years?

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