Assignment
1. Alicia deposited $20,000 each 1 March from 1 March 2006 to 1 March 2015 inclusive. The effective annual interest rate is 10% per annum. Calculate the following:
(1) The present value of the deposits on 1 March 2005.
a. $135,180.48
b. $83,936.44
c. $318,748.49
d. $122,891.34
2. Alicia deposited $20,000 each 1 March from 1 March 2006 to 1 March 2015 inclusive. The effective annual interest rate is 10% per annum. Calculate the following:
(2) The present value of the deposits on 1 March 2006.
a. $83,936.44
b. $135,180.48
c. $122,891.34
d. $318,748.49
3. Alicia deposited $20,000 each 1 March from 1 March 2006 to 1 March 2015 inclusive. The effective annual interest rate is 10% per annum. Calculate the following:
(3) The present value of the deposits on 1 March 2001.
a. $318,748.49
b. $135,180.48
c. $122,891.34
d. $83,936.44
4. Alicia deposited $20,000 each 1 March from 1 March 2006 to 1 March 2015 inclusive. The effective annual interest rate is 10% per annum. Calculate the following:
(4) The future value of the deposits on 1 March 2015.
a. $318,748.49
b. $122,891.34
c. $135,180.48
d. $83,936.44
5. Alicia deposited $20,000 each 1 March from 1 March 2006 to 1 March 2015 inclusive. The effective annual interest rate is 10% per annum. Calculate the following:
(5) The future value of the deposits on 1 March 2016.
a. $513,347.63
b. $318,748.49
c. $350,623.34
d. $135,180.48
6. Alicia deposited $20,000 each 1 March from 1 March 2006 to 1 March 2015 inclusive. The effective annual interest rate is 10% per annum. Calculate the following:
(6) The future value of the deposits on 1 March 2020.
a. $350,623.34
b. $318,748.49
c. $513,347.63
d. $135,180.48