Find the present value
Problem:
Find the Present Value of $344 to be received 2 year(s) from now if the interest rate is 6% compounded Monthly. Show your all work and describe in detail.
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You deposit $3,500 into an account every year for 6 years. The account pays 7% interest. How much will you have at the end of that time? Show your all work and describe in detail.
You can buy a parcel of real estate today that you estimate will bring $15,000 in 9 years. Assuming your money is worth 9%, how much would you be willing to pay for the property? Show your all work and describe in detail.
How many years will it take $2 million to grow to $5.40 million with an annual interest rate of 9 percent? Show your all work and describe in detail.
Today you deposited $5000 into a savings account paying 12% interest. How much should you have in 15 years? Show your all work and describe in detail.
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Your small landscaping business generated $500,000 in gross receipts this year and had net margins of 12%. Housing starts in your vicinity is expected to increase by 30%, so you conservatively estimate that your business will increase by 8%.
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If Scot and Vidia earn an additional $83,500 of taxable income, what is their marginal tax rate on this income? How would your answer differ if they, instead, had $83,500 of additional deductions? Explain in detail.
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