Question

1. You invest $125 at the end of each year into an account the pays 8%. At the end of 15 years, what is the value of your account? (Positive numbers only, rounded to the nearest cent. i.e. 1234.56) 2. You want to invest in a 10 year certificate of deposit (CD) at your bank. The stated interest rate is 6%, compounded monthly. Your goal is to have $100,000 at maternity. How much do you need to invest to achieve this resort? (Positive numbers only, rounded to the nearest cent. i.e. 12345.67) 3. your small business will pay you cash flows of $200 in years 1-4, $400 in year 5, $300 in year 6, $250 in year 7, and $100 in year 8. If you require a 13% rate of return, what is the present value of the cash flow. (Positive numbers only, rounded to the nearest cent. i.e. 1234.56)

          1. You invest $125 at the end of each year into an account the
pays 8%. At the end of 15 years, what is the value of your account?
(Positive numbers only, rounded to the nearest cent. i.e.
1234.56)
2. You want to invest in a 10 year certificate of deposit (CD)
at your bank. The stated interest rate is 6%, compounded monthly.
Your goal is to have $100,000 at maternity. How much do you
need to invest to achieve this resort? (Positive numbers only,
rounded to the nearest cent. i.e. 12345.67)
3. your small business will pay you cash flows of $200 in years
1-4, $400 in year 5, $300 in year 6, $250 in year 7, and $100 in
year 8. If you require a 13% rate of return, what is the
present value of the cash flow. (Positive numbers only, rounded to
the nearest cent. i.e. 1234.56)

Added by Kari S.

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