Dr Nick

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$14/per page/Negotiable

About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 241 Weeks Ago, 6 Days Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 17 Jul 2017 My Price 11.00

an annual interest rate of 4 percent.

#1. Joe spends $12 a week on coffee or $624 a year, what would be the future value of that amount over 10 years if the funds were deposited in an account earning 3 percent?

#2. An ATM with a service fee of $2.50 is used by a person 50 times in a year for a total of $125 per year. What would be the future value in 10 years (use a 3 percent rate) of the annual amount paid in ATM fees?

#3. Charles deposits $4,000 a year into her retirement account. If these funds have an average earning of 7 percent over the 40 years until her retirement, what will be the value of her retirement account?

#4. Mr Big Bucks says he will pay you $60,000 now for annual payments of $10,000 that you are expected to receive for a legal settlement over the next 10 years.  What is the present value of this assuming the time value of the money at 8%?

#5. Susan plans to reduce her saving (that is, she will spend more) by $70 a month. What would be the foregone future value of this reduced saving over the next 10 years? (Assume monthly cash flows, and an annual interest rate of 4 percent.)

 

Answers

(3)
Status NEW Posted 17 Jul 2017 03:07 PM My Price 11.00

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