Use the present value and future value tables to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to...


Use the present value and future value tables to answer the following questions.



A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account?


$fill in the blank 1



B. If you place $6,100 in a savings account, how much will you have at the end of 7 years with a 12% interest rate?


$fill in the blank 2



C. You invest $7,000 per year for 9 years at 12% interest, how much will you have at the end of 9 years?


$fill in the blank 3



D. You win the lottery and can either receive $760,000 as a lump sum or $40,000 per year for 19 years. Assuming you can earn 8% interest, which do you recommend and why?





Jun 10, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here