What is the future value of annual payments of $5,016 for 14 years at 4 percent?

Question 1

What is the future value of annual payments of $5,016 for 14 years at 4 percent?

Answer

1 points

Question 2

Kelly starting setting aside funds 8 years ago to buy some new equipment for her firm. She has saved $6,841 each quarter and earned an average rate of return of 7 percent. How much money does she currently have saved for this purpose?

Answer [removed]

1 points

Question 3

If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth in 21 months (round to the nearest dollar)?

Answer

[removed]	a.	$833
[removed]	b.	$828
[removed]	c.	$770
[removed]	d.	$1,176
[removed]	e.	$827

1 points

Question 4

Assume interest rate of 10%. A company receives cash flows of $534 at the end of year 5, $213 at the end of year 7, and $912 at the end of year 10. Compute the future value of this cash flow stream.

Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points.

Answer [removed]

1 points

Question 5

What is the future value of $1,221 invested for 8 years at 14% if interest is compounded semi-annually (twice a year)? Note: Do not put $ sign in your answer. Simply write the number in the answer box.

Answer [removed]

1 points

Question 6

If you can double your money in 18 years, what is the implied annual rate of interest, given that compounded in quarterly? Note: give your answer in percentages. Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box.

Answer [removed]

1 points

Question 7

Assume interest rate of 9%. A company receives cash flows of $118,666 at the end of years 4, 5, 6, 7, and 8, and cash flows of $263,530 at the end of year 10. Compute the future value of this cash flow stream.

Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points.

Answer [removed]

1 points

Question 8

What is the effective rate of 13% compounded monthly?

Do not enter the symbol % in your answer. Simply enter the answer in percentages rounded off to two decimal points.

Answer [removed]

1 points

Question 9

The ABC Company is considering a new project which will require an initial cash investment of $6,055. The project will produce no cash flows for the first 5 years. The projected cash flows for years 6 through 9 are $3,405, $2,850, $4,718, and $5,248, respectively. If the appropriate discount rate is 7%, compute the NPV of the project.

Enter your answer rounded off to two decimal points. Do not enter $ in the answer box.

Answer [removed]

1 points

Question 10

In order to buy a house, you take a loan of 100,000 at 7.5% for a period of 13 years. Compute the balance remaining at the end of 5 years.

Do not enter the symbol $ in your answer. Enter your answer as a positive number. Simply enter the answer rounded off to two decimal points.

Answer [removed]

1 points

Question 11

How much do you need to invest today in order to have $14,770 at the end of 16 years if you are sure to earn an interest at the rate of 9%? Note: Do not put $ sign in your answer. Simply write the number in the answer box.

Answer [removed]

1 points

Question 12

How many months it will take to grow your money from $4,712 to $7,580 if you can earn an interest of 16% compounded monthly? Note: Do not write “months” in your answer. Simply write the number in the answer box.

Answer [removed]

1 points

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