# Finance calculation problems

**Question description**

1. Your finance text book sold 52,500 copies in its first year. The publishing company expects the sales to grow at a rate of 16.0 percent for the next three years, and by 11.0 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in year 3 and 4. *(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answers to the nearest whole number.)*

Number of copies sold after 3 year | |

Number of copies sold in the fourth year |

2. Find the present value of $4,300 under each of the following rates and periods.

**(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)**

**a.** 8.9 percent compounded monthly for five years.

Present value |

**b.**6.6 percent compounded quarterly for eight years.

Present value |

**c.**4.3 percent compounded daily for four years.

Present value |

**d.**5.7 percent compounded continuously for three years.

Present value |

3. Trigen Corp. management will invest cash flows of $472,042, $561,961, $661,443, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years. If the appropriate interest rate is 9.22 percent, what is the future value of these investment cash flows six years from today?

*(Round answer to 2 decimal places, e.g. 15.25.)*Future value |

*(Round answer to the nearest whole dollar, e.g. 5,275.)*Present value |

Probability | Return |

Boom | 0.4 | 25.00% |

Good | 0.3 | 15.00% |

Level | 0.1 | 10.00% |

Slump | 0.2 | -5.00% |

What is the expected return on Barbara’s investment? **(Round answer to 3 decimal places, e.g. 0.076.)**

Expected return |

**(Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)**Effective annual yield | % |

**(**

**Round answer to 2 decimal places, e.g. 15.25.)**Current price |

## Tutor Answer

## Review from our student for this Answer

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors