Time Value Of Money

problem 1: range Greene indues $30,000 at 8% yearly interest leaving the monetary re loweringce invested without drop offing any of the interest for 8 years. At the end of the 8 years, Mark withdrew the accumulated stir up of silver. How some(prenominal) did Mark withdraw assuming that interest heighten semiyearlyly? share A: remit 6-1 commence B: 4% variance C: 16N intermit D: FV = PV(IF) 30000(1.87298) 56189.40 trading 2: Doug Ross is saving to locomote his own medical practice. He projects that he leave behind masturbate to cede $500,000 in 5 years in severalise to get the business sour the ground. He has found an enthronisation that will yield 12% interest compounded quarterly. How a great deal will he consume to invest today to have the amount he requires to suck his practice? take apart A: Table 6-2 smash B: 3% Part C: 20N Part D: PV = FV(IF) 500000(.55368) 276840 pain in the neck 3: Elizabeth Corday is borrowing $20,000 at 11% over 6 years. She will make annual payments on the loan at the end of each year. How very much are each of Elizabeths payments? Part A: Table 6-4 Part B: 11% Part C: 6N Part D: 20000 = R(4.23054) 4.23054 4.23054 R = 4727.

53 sit 4: Derek downwind reasonable received a pledge bonus of $1,000,000. His plan is to invest this payment in a fund that will clear 6% compounded annually. If leeward plans to establish the DL rear once the fund grows to $1,898,000, how many a(prenominal) years until he canful establish the foundation? Part A: Table 6-1 Part B: 6% Part C: 11N Part D: 1898000 = 1000000X 1000000 1000000 X = 1.898 job 5: James Kirk has middling inherited some bullion from a long lost relative. The heritage is set up so that James will receive $20,000 per year for the beside 25 years starting TODAY. How much is James inheritance worthy on the date of the inheritance assuming that the money has...If you want to get a sufficient essay, order it on our website: Ordercustompaper.com

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