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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 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
|
$833 |
|
$828 |
|
$770 |
|
$1,176 |
|
$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 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 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 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 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 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 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 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 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 1 points
Question 13
Assume interest rate of 4%. Suppose that you receive $97,648 at the end of each year for 4 years. Suppose that this cash flow starts at the end of the fourth year. Compute the present value.
Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points.Answer 1 points
Question 14
How many years it will take to grow your money from $4,133 to $9,600 if you can earn an interest of 12% compounded quarterly? Note: Do not write “years” in your answer. Simply write the number in the answer box.
Answer 1 points
Question 15
If the effective rate is 15%. What is the nominal rate if compounding is daily. Do not enter the symbol % in your answer. Simply enter the answer in percentages rounded off to two decimal points.
Answer 1 points
Question 16
What is the future value of $959 invested for 9 years at 13% if interest is compounded quarterly? Note: Do not put $ sign in your answer. Simply write the number in the answer box.
Answer 1 points
Question 17
What should you be willing to pay in order to receive $975 annually forever, if you require 9% per year on the investment?
Just enter the number up to 2 decimal points. Do not enter $ in the answer box.
Answer 1 points
Question 18
How much do you need to invest today in order to have $9,416 at the end of 19 years if you are sure to earn an interest at the rate of 14%, if interest is compounded quarterly? Note: Do not put $ sign in your answer. Simply write the number in the answer box.
Answer
