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##### FIN - Multiple Problems

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**Question**

Question;1. What is the future value of $5,000 in 10 years at 5%, compounded monthly?2. What is the future value of $10,000 in 8 years at 8%, compounded quarterly?3. If you receive $10,000 in 5 years, what is its value today if the appropriate interest rate is 8% and interest is compounded semi-annually?4. If you received $10,000 5 years back, what is its value today if the appropriate interest rate is 8% and interest is compounded monthly?5. At what annual rate of return can you triple your money in 8 years if interest is compounded monthly?6. At what annual rate of return can you quadruple (means 4 times) your money in 16 years, if interest is compounded quarterly?7. How many periods will it take you to quadruple (means 4 times) your money at 7%, if interest is compounded semi-annually? how many years will it take?8. How many periods will it take $500 to grow to$8,000 if you believe you can earn interest at the rate of 9% compounded monthly? how many years will it take?9. What is the present value of $15,500 received in 10 years if interest of 1% is compounded monthly?10. What is the present value of $22,000 received in 5 years if interest of 1% is compounded quarterly?

Paper#50066 | Written in 18-Jul-2015

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