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There are 7 questions for this homework assignment, ALL 7 question need to be answered. PLEASE...NO Plagerisim!
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P6. Determine the present values if $5,000 is received in the future (i.e., at the end of each
indicated time period) in each of the following situations:
a. 5 percent for ten years = PV= 5000/(1+0.05)^10 = 5000/1.6288 = FV = $3,069.7446
b. 7 percent for seven years = PV= 5000/(1+0.07)^7 = 5000/1.6057 = FV = $3,113.906
c. 9 percent for four years = PV = 5000/(1+0.09)^4 = 5000/1.4115 = FV = $3,542.3308
P9. Assume you are planning to invest $5,000 each year for six years and will earn 10 percent
per year. Determine the future value of this annuity if your first $5,000 is invested at the end of
the first year.
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