1. You expect to make equal payemnts of 9920.00 at the end of each semi-annual period over the next 5 years (ordinay annuity) into a new bank account earning interest at 6%. What is the future value of the annuity stream? if the frequency of componding is 2 times per year.
2. You expect to make equal payemnts of 2570.00 over the next 5 years (ordinay annuity) into a new bank account earning interest at 8%. What is the future value of the annuity stream?
3. An investment is expected to result in equal payments of 300 at the end of the next 8 years. If the appropirate required rate of return is 4% what is the value of the annuity stream?
4. Find the future value of an intial $100 compunded annually for 7 years at 3%
5. find the future value of an intial 600 compouned annually for 6 years at 10%
6. If you deposit money today in an account that pays 7% annual intrest , how long will it take to triple your money
7. IF you deposit money today in an account that pays 10% annuall interest how long will it take to triple your money.
8. You want to buy a house and a local bank and they want to lean you 100.000. the loan will be fully amortized over 20 years (240 months) and the nominal rate will be 12% with inertrest monthly.. what will be the monthly loan payment?
9. You want to buy a house and a local bank and they want to lean you 100.000. the loan will be fully amortized over 20 years (240 months) and the nominal rate will be 0.0900 with interest monthly.. what will be the loan EAR?