1) If you have a 5 year investment which pays 7.5% compounded quarterly and the balance at the end of the fifth year is $643.82, what did you start with?
2) You invest $1,000 today at a 10% compounded semiannually. You will also add $150 the end of each six months to your account for five years. How much will you have at the end of that time?
3) You invest $615 in an account paying 7% with interest compounded semiannually. If the future value of the investment is $923.91, how many years did you hold the investment?
4) If by investing $10,000 now and being able to withdraw $600 per year forever, what is your rate of return?
5) You invest $212,000 right now and additionally plan to make $5000 deposits the beginning of each 6 months for 7 years. If you can earn 4.2% interest, compounded semiannually, how much will you have at the end of the 7 years?
6) You invest $97 at 2.1% percent for 3 years. Interest is compounded semiannually. What is the future value of this investment?
7) You invest $402.32 in a 4 year investment which compounds interest quarterly. If the future value of the investment is $516.20, what is the interest rate you are receiving?
8) You invest $165 today at 9% and hold it for 8 years. The 9% interest is a stated annual rate and compounded semiannually. What is the future value of this investment?
9) Which would you prefer if your discount rate is 5%
$5,000 now
$1,600 the beginning of each year for 5 years
$100 per year forever
$7,000 in 6 years
10) You take out a student loan for $10,000 at 14% annually for 5 years. What will your payments be if the loan is an annuity due?
This is not homework, it is test review. Thank you in advance for any help.|||you can join yahoo group "mzforx" to get answered.
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