fin100 week 5 assignment Please show your work. If you don’t show your work, you will not get credit. Show work in Excel. 1. What will $ 150,000 grow to be in 10 years if it is invested today in an account with a quoted annual interest rate of 9% with mo

 

fin100 week 5 assignment                                      
Please show your work. If you don’t show your work, you will not get credit. Show work in Excel.                        
                                           
1. What will $ 150,000 grow to be in 10 years if it is invested today in an account with a quoted annual interest rate of 9% with monthly compounding of interest?            
2. How many years will it take for $345,000 to grow to be $764,000 if it is invested in an account with a quoted annual interest rate of 10% with monthly compounding of interest?        
3. At what quoted annual interest rate must $ 198,000 be invested so that it will grow to be $450,000 in 19 years if interest is compounded weekly?              
4. You are offered an investment with a quoted annual interest rate of 19% with quarterly compounding of interest. What is your effective annual interest rate?            
5. You are offered an annuity that will pay $34,000 per year for 12 years (the first payment will occur one year from today). If you feel that the appropriate discount rate is 11%, what is the annuity worth to you today?  
6. If you deposit $14,000 per year for 11 years (each deposit is made at the end of each year) in an account that pays an annual interest rate of 12%, what will your account be worth at the end of 10 years?    
7. You plan to borrow $423,000 now and repay it in 20 equal annual installments (payments will be made at the end of each year). If the annual interest rate is 10%, how much will your annual payments be?    
8. You are told that if you invest $ 10,000 per year for 22 years (all payments made at the end of each year) you will have accumulated $321,000 at the end of the period. What annual rate of return is the investment offering?
9. You are offered an annuity that will pay $15,000 per year for 2 years (the first payment will be made today). If you feel that the appropriate discount rate is 9%, what is the annuity worth to you today?    
10. If you deposit $ 10,000 per year for 12 years (each deposit is made at the beginning of each year) in an account that pays an annual interest rate of 10%, what will your account be worth at the end of 10 years?  
                                           
                                           
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