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Question 1 1
/ 1 point
To what amount will the following investment accumulate?
$7,446, invested today for 11 years at 4 percent, compounded
annually.
Round the answer to two decimal places.
Question 2 1
/ 1 point
You placed $6,623 in a savings account today that earns an
annual interest rate of 15 percent compounded annually. How much you will have
in this account at the end of 26 years? Assume that all interest received at
the end of the year is reinvested the next year.
Round the answer to two decimal places.
Question 3 1
/ 1 point
What is the present value of the following future amount?
$205,384, to be
received 9 years from now, discounted back to the present at 10 percent,
compounded annually.
Round the answer to two decimal places.
Question 4 1
/ 1 point
If you want to have $183,942 in 13 years, how much money
should you put in a savings account today? Assume that the savings account pays
you 3.4 percent and it is compounded annually. Round the answer to two decimal
places
Question 5 1
/ 1 point
The local home improvement store has a washing machine on
sale for $1,845, with the payment due in 3 year(s) from today. The store is
willing to discount the price at an annual rate of 1 percent (compounded
annually) if you pay today. What is the amount if you pay for the washing
machine today? Round the answer to two decimal places
Homework 2B
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Question 1 1
/ 1 point
How many years will the following take?
$963 to grow to $41,589
if invested at 11.07 percent, compounded annually.
Round the answer to two decimal places.
Question 2 1
/ 1 point
Upon graduating from college, you make an annual salary
of $37,404. You set a goal to double it
in the future. If your salary increases at an average annual rate of 7.02
percent, how long will it take to reach your goal?
Round the answer to two decimal places.
Question 3 1
/ 1 point
Cooling Tools, Inc. is currently producing 952 of small
refrigerators per month but the company’s CEO plans to increase production at a
rate of 11.84 percent per month until the firm is producing 5,390 of
refrigerators per month. How many months will this take?
Round the answer to two decimal places.
Question 4 1
/ 1 point
At what annual rate would the following have to be invested?
$2,081, to grow to $83,607, in 26 years.
Round the answer to two decimal places in percentage form.
(Write the percentage sign in the “units” box)
Question 5 1
/ 1 point
A firm’s dividends have grown over the last several years. 9
years ago the firm paid a dividend of $1. Yesterday it paid a dividend of $5.
What was the average annual growth rate of dividends for this firm?
Round the answer to two decimal places in percentage form.
(Write the percentage sign in the “units” box)
Homework 2C
Question 1 1
/ 1 point
If you invest $16,957
today at an interest rate of 4.96 percent, compounded daily, how much
money will you have in your savings account in 9 years?
Round the answer to two decimal places.
Question 2 1
/ 1 point
To what amount will the following investment accumulate?
$39,138, invested
today for 31 years at 12.47 percent, compounded monthly.
Round the answer to two decimal places.
Question 3 1
/ 1 point
You placed $3,177 in a savings account today that earns an
annual interest rate of 17.57 percent, compounded semiannually. How much will
you have in this account at the end of 18 years? Assume that all interest
received at the end of the period is reinvested the next period.
Round the answer to two decimal places.
Question 4 1
/ 1 point
Stephen plans to purchase a car 2 years from now. The car
will cost $38,648 at that time. Assume that Stephen can earn 8.27 percent
(compounded monthly) on his money. How much should he set aside today for the
purchase?
Round the answer to two decimal places.
Question 5 1
/ 1 point
John plans to buy a vacation home in 5 years from now and
wants to have saved $43,736 for a down payment. How much money should he place
today in a saving account that earns 6.11 percent per year (compounded daily)
to accumulate money for his down payment? Round the answer to two decimal
places
Question 6 1
/ 1 point
Camila plans to go for vacation to Australia in 8 years from
now. She estimates that she will need $16,450 for the trip. How much does she
need to place in a saving account today that earns 4.63 percent per year
(compounded quarterly) to accumulate this amount?
Round the answer to two decimal places
Homework 2D
Question 1 1
/ 1 point
What is the accumulated sum of the following stream of
payments?
$1,005 every year at the end of the year for 9 years at 4.35
percent, compounded annually.
Round the answer to two decimal places.
Question 2 1
/ 1 point
For the next 8 years, you decide to place $4,835 in equal
year-end deposits into a savings account earning 12.68 percent per year. How
much money will be in the account at the end of that time period?
Round the answer to two decimal places.
Question 3 1
/ 1 point
What is the present value of the following annuity?
$3,357 every year at the end of the year for the next 15
years, discounted back to the present at 11.80 percent per year, compounded
annually?
Round the answer to two decimal places.
Question 4 1
/ 1 point
You have accumulated some money for your retirement. You are
going to withdraw $88,410 every year at the end of the year for the next 23
years. How much money have you accumulated for your retirement? Your account
pays you 18.04 percent per year, compounded annually. To answer this question,
you have to find the present value of these cash flows.
Round the answer to two decimal places.
Homework 2E
Question 1 1
/ 1 point
You are given an investment to analyze. The cash flows from
this investment are
End of year
1. $17,180
2. $2,430
3. $29,320
4. $16,110
5. $9,510
What is the present value of this investment if 15 percent
per year is the appropriate discount rate?
Round the answer to two decimal places.
Question 2 1
/ 1 point
You have just purchased an investment that generates the
following cash flows for the next four years. You are able to reinvest these
cash flows at 11.8 percent, compounded annually.
End of year
1. $3,183
2. $4,958
3. $1,860
4. $4,843
What is the present value of this investment if 11.8 percent
per year is the appropriate discount rate?
Round the answer to two decimal places.
Question 3 1
/ 1 point
You have been offered the opportunity to invest in a project
that will pay $2,530 per year at the end of years one through three and $10,565
per year at the end of years four and five. If the appropriate discount rate is
10.5 percent per year, what is the present value of this cash flow pattern?
