About the Download

Business value of time!

1. Compute the present value of $5,900 paid in two years using the following discount rates: 8 percent in the first year and 7 percent in the second year(Do not round intermediate calculations and round your answer to 2 decimal places.)

2. A deposit of $710 earns interest rates of 7 percent in the first year and 10 percent in the second year.
What would be the second year future value? (Round your answer to 2 decimal places.)

3. Determine the interest rate earned on a $2,200 deposit when $2,500 is paid back in one year. (Round your answer to 2 decimal places.)

4. Approximately how many years are needed to double a $500 investment when interest rates are 11.25 percent per year? (Round your answer to 2 decimal places.)

5. Calculate the present value in two years using discount rates.

6. A loan is offered with monthly payments and a 10.75 percent APR. What’s the loan’s effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

7. What is the future value of a $580 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

8. Compute the future value in year 8 of a $5,300 deposit in year 1 and another $4,800 deposit at the end of year 3 using an 10 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

9. If the future value of an ordinary, 8-year annuity is $7,300 and interest rates are 8.0 percent, what is the future value of the same annuity due? (Round your answer to 2 decimal places.)

10. Calculate the loan’s effective annual rate (EAR).

Save For Later

has been added to your cart!

have been added to your cart!

You must log in and be a buyer of this download to submit a review.