Calculate the present values of the following single sums (round to the nearest penny):
Future value = $5,000 Interest rate = 5% Number of years = 5 years
Future value = $1,000 Interest rate = 12% Number of years = 10 years
Future value = $100,000 Interest rate = 6% Number of years = 4 years
Future value = $5,000,000 Interest rate = 2% Number of days = 30 days
Calculate the present values of the following single sums using continuous compounding:
Future value = $5,000 Interest rate = 5% Number of years = 5 years
Future value = $1,000 Interest rate = 12% Number of years = 10 years
Calculate the present value of the unequal cash flows when the Interest rate Is 6%:
Future value, Year 1: $4,000
Future value, Year 2: $2,000
Future value, Year 3: $5,000
Calculate the present value of the unequal cash flows when the Interest rate Is 10%:
Future value, Year 1: $4,000
Future value, Year 2: $2,000
Future value, Year 3: $5,000
Future value, Year 4: $8,000
Future value, Year 5: $3,000
Future value, Year 6: $6,000
Calculate the present value of a 10-year annuity when the Interest rate Is 10% and the annual amount Is $10,000.
Calculate the present value of a 25-year annuity when the Interest rate Is 5% and the annual amount Is $100,000.