How much must you invest at 8% interest in order to see your investment grow to $22,000 in 10 years? (Round "PV Factor" to 3 decimal places.)
$9,552
$9,587
$10,186
none of these
Dr. J. wants to buy a Dell computer which will cost $3,000 four years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 10% annual return. How much should he set aside? Use Appendix C. (Round "FV Factor" to 3 decimal places and your final answer to 2 decimal places.)
$646.41
$621.41
$746.41
$696.41
Sharon Smith will receive $1.25 million in 30 years. The discount rate is 16%. As an alternative, she can receive $10,000 today. Which should she choose? Use Appendix B. (Round "PV Factor" to 3 decimal places.)
Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
she should be indifferent.
the $1.25 million dollars in 30 years.
need more information.
$10,000 today.
PLEASE SHOW ALL WORK AND FORMULAS