TIME VALUE OF MONEY PROBLEMS
1. Red dog common stock sold for $3 a share five years ago. The price is currently $4. What is the rate of growth in the stock price Ubokuna
2. Cher's Health club has a $250 annual membership fee which grows 2% annually. The interest rate is 12%. What price should be charged for lifetime membership?
3. What is the future value factor at 5% for 10 years?
4. What is the PVAF at 5% for 10 years?
5. What is the discount factor (or present value factor) at 5% for 10 years
6. Whitewater S&L provides CDs with a 16% annuai rate compou rate? What is the EAR if there