1-Braden deposited $7,000 in a guaranteed investment account with a promised rate of 5% compounded annually. He plans to leave it there for 6 full years when he will make a down payment on a car after graduation. How much of a down payment will he be able to make?
2-An annuity makes 5 equal annual payments of $2,000. The first payment begins in exactly 10 years. If the relevant discount (interest) rate is 12%, what is the present value (today) of the annuity?
3-Kurt won a lottery and will receive $1,000 a year for the next 50 years. The value of his winnings today discounted at his discount rate is called which one of the following?
4-OK Energy had net fixed assets of $1,602 at the end of 2016 and net fixed assets of $1,488 at the end of 2017. Depreciation expense for 2017 was $182. What is the amount of net capital spending?
5-On the last trading day in December 2000, the value of Apple (AAPL) stock, adjusted for stock splits, was $0.72 per share. The value of Apple stock at the end of 2017 was $168.54 per share. What was the annual growth rate in the value of Apple stock over the period of December 2000 - December 2017?