MT/217 MT217 MT 217 Unit 4 Lab assignment

MT 217 Unit 4 Lab assignment 

Calculate the future value of the single cash flow deposited today that will be available at the end of the deposit period if the interest is compounded​ annually, at the rate specified over the given period.  

908,000          6                4

243,000          17              20

156,000          14              11

Calculate the future value of the single cash flow deposited today that will be available at the end of the deposit period if the interest is compounded​ annually, at the rate specified over the given period.  

908,000          6                4

243,000          17              20

156,000          14              11

Question 4

Maria expects to receive a payment of $32 comma 000 in 2 years. At a discount rate of 11%,

what is the present value of this​ payment?

What is the present value of the​ payment?

Question 5

You have $440 in an account which pays 4.6% compounded annually. How many additional dollars of interest would you earn over 6 years if you moved the money to an account earning 6.2 %?

Question 6

Andy promises to pay Opie $5 comma 000 when Opie graduates from Mayberry University in 13 years. How much must Andy deposit today to make good on his​ promise, if he can earn 4 %

on his​ investments?

Question 7

Compute the simple interest earned on a​ 1-year $200 deposit that earns​ 6% per year.

Question 8

What is the future value of​ $124.49 after earning simple interest for five years at an annual rate of​ 10%?

Question 9 

Molly Costner deposits​ $2,500 in her checking account today. Her checking account pays interest of​ 2.5% compounded annually. Assuming Molly does not withdraw any funds and does not deposit any additional​ funds, how much will be in her account in 25​ years?

Question 10

You will receive a $90 comma 000 inheritance in 7 years. You could invest that money today at 7 % compounded semi dash annually. What is the present value of your​ inheritance?