Problem:
Can you help me get started with this assignment?
How much money is needed to invest today to have a lump sum of $100,000 in 40 years if the interest rate is 12.5 percent compounded annually?
If $100 is invested at the end of each month for 18 yrs into an account paying 10.5 percent compounded monthly, how much will your investment accumulate at the end of the 18 yrs?
A $40,000,000 lottery win is to be paid out over 25 yrs with a payment of $1,600,000 at the end of each year with an interest rate of 6 percent compounded annually. What lump sum today would equal the present value of this 25-year annuity?
If $1,000 is invested today into an account earning 5.75 percent interest compounded monthly, how much is it worth in 10 yrs?
If $20,000 is borrowed with an interest rate of 6.5 percent compounded monthly for 3-year (36 month) loan, how much is the monthly payment?
How much money is needed to invest today to have a lump sum of $10,000 in 8 years if the available interest rate is 10 percent compounded monthly?
If $50,000 is borrowed with an interest rate of 7.0 percent compounded monthly for a 5-year (60 month) loan, how much is the monthly payment?
If $10,000 is invested today into an account earning 8.5 percent interest compounded monthly, how much is it worth in 5 yrs?
If $250 is invested each month for 8 yrs into an account paying 6.5 percent compounded monthly, to what amount will your investment accumulate at the end of the 8 years?