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Finance Homework

Posted by:Prof. Lexx Posted on:May 30,2016
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  • Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent.
  1. a) What would be the future value if the interest rate is a simple interest rate?
  2. b) What would be the future value if the interest rate is a compound interest rate?
  • Determine the future values if $5,000 is invested in each of the following situations
  1. 5 percent for ten years
  2. 7 percent for seven years
  3. 9 percent for four years
  • Find the present value of $7,000 to be received one year from now assuming a 3 percent annual discount interest rate. Also calculate the present

value if the $7,000 is received after two years.

  • Determine the present values if $5000 is received in the future (i.e., at the end of each indicated time period) in each of the following situations:
  1. 5 percent for ten years
  2. 7 percent for seven years
  3. 9 percent for four years
  • Determine the present value if $15,000 is to be received at the end of eight years and the discount rate is 9 percent. How would your answer change if you had to wait six years to receive the $15,000.
  • You are planning to invest $2,500 today for three years at a nominal interest rate of 9 percent with annual compounding.
  1. What would be the future value of your investment?
  2. Now assume that inflation is expected to be 3 percent per year over the same three-year period. What would be the investment’s future value in terms of purchasing power?
  3. What would be the investment’s future value in terms of purchasing power if inflation occurs at a 9 percent annual rate?
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Prof. Lexx

Overview I have a Bachelor of Arts, majoring in English and minoring in History. I have worked in various fields ranging from academic research to freelance translating to editing to customer support and data entry. These include editing my old university's newspaper as well as co-leading their creative writing team; serving as a junior member in the history department's research network; publishing music and film reviews for several different magazines and webzines; and translating papers and books for numerous researchers in various languages, including Russian, Spanish, and Romanian. I am also a skilled typist, with a rate of at least 70 words per minute, and have myself digitized dozens of books and essays for both private and commercial use. I have a very strong work ethic, and make sure to prioritize the task I am given so that it is completed as quickly as possible. I am organized and disciplined, ensuring a job done professionally and efficiently.

    I have a background of 8 years in writing profession and currently pursuing also as an editor and proofreader. I have a knack for writing and thus, it was obvious to enhance my skills and serve others. Currently joined ‘Member of Association of Professional Writers and Editors’ a

    Pro Alex
    USA