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Accounting 2 Pages

Calculations

Question

use time value of money tables, Excel or a financial calculator to calculate the values for each scenario. Remember to include all inputs and outputs .

1)You invest $10,000 today at 9% per year. How much will you have in 15 years?

2)What is the current value of $100,000 after 10 years if the discount rate is 12%?

3)You invest $3,000 for 20 years at 11%. How much will you have after 20 years?

4)How much must you set aside each year to accumulate $75,000 after 15 years? The interest rate is 10%.

5)How much must you repay each year for five years to pay off a $25,000 loan that you just took out? The interest rate is 8%.

6)A credit card company quotes a nominal APR (annual percentage rate) of interest of 15%. What is the effective rate of interest?

Solution

Title: Calculations
Length: 2 pages (550 Words)
Style: APA

Preview

Use time value of money tables, Excel or a financial calculator to calculate the values for each scenario. Remember to include all inputs and outputs .

1)You invest $10,000 today at 9% per year. How much will you have in 15 years?

2)What is the current value of $100,000 after 10 years if the discount rate is 12%?

3)You invest $3,000 for 20 years at 11%. How much will you have after 20 years?

4)How much must you set aside each year to accumulate $75,000 after 15 years? The interest rate is 10%.

5)How much must you repay each year for five years to pay off a $25,000 loan that you just took out? The interest rate is 8%.

6)A credit card company quotes a nominal APR (annual percentage rate) of interest of 15%. What is the effective rate of interest?

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