Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | May 2017 |
Last Sign in: | 241 Weeks Ago, 6 Days Ago |
Questions Answered: | 19234 |
Tutorials Posted: | 19224 |
MBA (IT), PHD
Kaplan University
Apr-2009 - Mar-2014
Professor
University of Santo Tomas
Aug-2006 - Present
#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. Â 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.)
Â
Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- Â -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll