Time Is Money
What is PV of receiving $2,500 in 6 years, earning 8%?
$1,575
~ years to double investment of $100 at 7.5%
~9.6 years
Rate earned on a $1,500 deposit when $1,600 is paid back in 1 year.
6.67%
How much will you have in 7 years if you deposit $250 @ 9%?
$457
What is FV of $1,700 deposited for 2 years earning 8% annually?
$1,983
FV of $810 annuity over 6 years at 6%
$5,650
PV of $620 annuity payment over 5 years if rate = 8%
$2,475
Loan with quarterly payments and 9.45% APR. What is EAR?
9.79%
PV when rates =6.5% of a $175 payment made every year forever.
$2,692
$15,000 car loan @ 9% for 4 years. What is monthly payment?
$373
What is FV if you invest $100 each year for 7 years @ 8% starting today
$964
How many years for your $5,000 deposit to grow to $7,500 if rates are 6%?
~7 years
A deposit of $4,000 earns 8% 1st year, 6% second year, 4% 3rd year. What is FV?
$4,762
PV of ordinary 6 year annuity is $7,100, rate is 7%. What is PV of annuity due?
$7,597
=$7,100*1.07
You save $275 per month for 40 years @ 7%. How much in 40 years?
$721,824
PV of $100 invested each year starting today for 5 years @ 6%
$447