PRESENT VALUE
1. Find the net present value of an inheritance to be received within 10 years of $ 88,125 discounted today at 6 1/8%.
2. From accepting the # 1 answer above, what interest or greater would be accepted today to reach $ 135,000 in 20 years.
3. The property you bought 12 years ago for $ 85,000, is worth $ 180,000 today. What is the rate of return on your investment?
4. Joe Doe deposited $ 51,000 into his savings account. The interest rate is 10% compounded semi-annually. How long will it take for the investment to reach $ 72,600.00?
5. You have deposited $ 10,000 in equity investments, after three years, the balance of the investment is $ 9,450. What and how much has the rate of return been?