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1. What is the future value of $800 deposited for one year earning a 6% interest rate annually? Show your work for your answers and round to 2 decimals.

2. What is the present value of a $650 payment in one year when the discount rate is 12 percent? Show your work for your answers and round to 2 decimals.

3. What is the present value of a $700 payment in one year when the discount rate is 4 percent? Show your work for your answers and round to 2 decimals.

4. What is the present value of a $3,700 payment made in 6 years when the discount rate is 8 percent? Show your work for your answers and round to 2 decimals.

5. Compute the present value of a $1200 payment made in 10 years when the discount rate is 10 percent. Show your work for your answers and round to 2 decimals.

Financial Management, Finance

  • Category:- Financial Management
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