Question 1.The following table shows the prices and quantities of each good consumed in 2016, 2017, and 2018.Cheese Meat FishYear Price Quantity Price Quantity Price Quantity2016 11 300 11 300….
What would be the future value of $19,378 invested now if the money remains deposited for eight years and the annual interest rate is 18 percent
Some homework items have been custom created and No Plagiarism everything most be reference.
Complete the following : E1, P2, P3, P4, P5, P7, P16, P17, P19.
E1: Find the future value one year from now of a $7,000 investment at a 3 percent annual compound interest rate. Also, calculate the future value if the investment is made for two years.
P2: Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent.
A. What would be the future value if the interest rate is a simple interest rate?
B. What would be the future value if the interest rate is a compound interest rate?
P3: Determine the future values if $5,000 is invested in each of the following situations:
- 5 percent for ten years
- 7 percent for seven years
- 9 percent for four years
P4: You are planning to invest $2,500 today for three years at a nominal interest rate of 9 percent with annual compounding.
- What would be the future value of your investment?
- 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?
- What would be the investment’s future value in terms of purchasing power if inflation occurs at a 9 percent annual rate?
P5: 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.
P7: 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?
P16: Use a financial calculator or computer software program to answer the following questions:
a. What would be the future value of $15,555 invested now if it earns interest at 14.5 percent for seven years?
b. What would be the future value of $19,378 invested now if the money remains deposited for eight years and the annual interest rate is 18 percent?