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Category > Business & Finance Posted 26 Jun 2019 My Price 10.00

FIN 100 WEEK 5 HOMEWORK Textbook

If you need help submitting assignments, please click here for more information.

There are three (3) types of textbook based homework items located at the end of each chapter. These include Review Questions (RQ), Exercises (E), and Problems (P). Some homework items have been custom created.

Complete the following from the textbook:
Chapter 9: P6, P9, P10, P11, P12, P13, P15

P6. Determine the present values (PVs) 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 10years

b) 7 percent for 7 years

c) 9 percent for 4 years

P9. Assume you are planning to invest $5,000 each year for 6 years and will earn 10% per year. Determine the future value (FV) of this annuity if your first $5,000 is invested at the end of the first year.

 

P10. Determine Present value (PV) now of an investment of $3,000 made one year from now and an additional $3,000 made 2 years from now if the annual discount is 4%.

 

P11. What is the present value of a loan that calls for the payment of $500 per year for 6 years if the discount rate is 10% and the first payment will be made 1 year from now? how would your answer change if the $500 per year occurred for 10 years?

 

P12. Determine the annual payment on a $500,000, 12% business loan from a commercial bank that is to be amortized over a 5 year period.

 

P13. Determine the annual payment on a $15,000 loan that is to be amortized over a 4 year period and carries a 10% interest rate. Prepare a loan amortization schedule for this loan.

 

P15. Assume a bank loan requirees an interest payment of $85 per year and a principal payment of $1,000 at the end of the loans 8 year life

a) at what amount could this loan be sold for to another bank if loans of similar quality carried an 8.5% interest rate? that is, what would be the present value of this loan?

b) Now, if the interest rates on other similar quality loans are 10%, what would be the PV of this loan?

c) what would be the PV of the loan if the interest rate is 8% on similar quality loans?

 

 

 

 

Answers

(118)
Status NEW Posted 26 Jun 2019 11:06 AM My Price 10.00

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Attachments

file 1561549192-FIN 100 WEEK 5 HOMEWORK Textbook.xlsx preview (243 words )
P6-----------aP6-----------bP6-----------cP9-----------P10-----------P11-----------P12-----------P11----------- - -----------cha-----------nge----------- to----------- 10----------- ye-----------ars-----------P13-----------P15-----------aYe-----------arA-----------nnu-----------al -----------pay-----------men-----------tRe-----------mai-----------nin-----------g b-----------ala-----------nce-----------Int-----------ere-----------stP-----------15b-----------P15-----------cAn-----------swe-----------rP1-----------0. -----------Det-----------erm-----------ine----------- Pr-----------ese-----------nt -----------val-----------ue -----------(PV-----------) n-----------ow -----------of -----------an -----------inv-----------est-----------men-----------t o-----------f $-----------3,0-----------00 -----------mad-----------e o-----------ne -----------yea-----------r f-----------rom----------- no-----------w a-----------nd -----------an -----------add-----------iti-----------ona-----------l $-----------3,0-----------00 -----------mad-----------e 2----------- ye-----------ars----------- fr-----------om -----------now----------- if----------- th-----------e a-----------nnu-----------al -----------dis-----------cou-----------nt -----------is -----------4%.-----------P11-----------. W-----------hat----------- is----------- th-----------e p-----------res-----------ent----------- va-----------lue----------- of----------- a -----------loa-----------n t-----------hat----------- ca-----------lls----------- fo-----------r t-----------he -----------pay-----------men-----------t o-----------f $-----------500----------- pe-----------r y-----------ear----------- fo-----------r 6----------- ye-----------ars----------- if----------- th-----------e d-----------isc-----------oun-----------t r-----------ate----------- is----------- 10-----------% a-----------nd -----------the----------- fi-----------rst----------- pa-----------yme-----------nt -----------wil-----------l b-----------e m-----------ade-----------
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