Time Value of Money Equations quiz #6 Flashcards
Time Value of Money Equations quiz #6
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What is the present value of an ordinary annuity of $2,200 per year for 5 years at 8% interest?
Use the present value annuity table for 5 periods at 8% to find the factor, then multiply by $2,200.What is the present value of $5,900 to be received in 2 years at a 5% interest rate?
PV = $5,900 / (1.05)^2 ≈ $5,354.13.What is the future value of $1,900 invested for 4 years at 6% interest?
FV = $1,900 × (1.06)^4 ≈ $2,398.13.What is the present value of an ordinary annuity of $1,800 per year for 3 years at 5% interest?
Use the present value annuity table for 3 periods at 5% to find the factor, then multiply by $1,800.What is the present value of $4,900 to be received in 5 years at a 8% interest rate?
PV = $4,900 / (1.08)^5 ≈ $3,332.13.What is the future value of $2,600 invested for 2 years at 7% interest?
FV = $2,600 × (1.07)^2 ≈ $2,983.22.What is the present value of an ordinary annuity of $2,600 per year for 4 years at 6% interest?
Use the present value annuity table for 4 periods at 6% to find the factor, then multiply by $2,600.What is the present value of $8,400 to be received in 3 years at a 9% interest rate?
PV = $8,400 / (1.09)^3 ≈ $6,484.13.What is the future value of $3,500 invested for 5 years at 10% interest?
FV = $3,500 × (1.10)^5 ≈ $5,635.13.What is the present value of an ordinary annuity of $1,900 per year for 6 years at 7% interest?
Use the present value annuity table for 6 periods at 7% to find the factor, then multiply by $1,900.What is the present value of $11,300 to be received in 4 years at a 6% interest rate?
PV = $11,300 / (1.06)^4 ≈ $8,950.13.What is the future value of $2,700 invested for 3 years at 8% interest?
FV = $2,700 × (1.08)^3 ≈ $3,401.13.What is the present value of an ordinary annuity of $2,400 per year for 5 years at 5% interest?
Use the present value annuity table for 5 periods at 5% to find the factor, then multiply by $2,400.What is the present value of $7,100 to be received in 2 years at a 10% interest rate?
PV = $7,100 / (1.10)^2 ≈ $5,867.77.What is the future value of $1,800 invested for 4 years at 7% interest?
FV = $1,800 × (1.07)^4 ≈ $2,364.13.What is the present value of an ordinary annuity of $1,700 per year for 3 years at 6% interest?
Use the present value annuity table for 3 periods at 6% to find the factor, then multiply by $1,700.What is the present value of $4,600 to be received in 5 years at a 5% interest rate?
PV = $4,600 / (1.05)^5 ≈ $3,599.13.What is the future value of $2,300 invested for 2 years at 8% interest?
FV = $2,300 × (1.08)^2 ≈ $2,681.92.What is the present value of an ordinary annuity of $2,800 per year for 4 years at 7% interest?
Use the present value annuity table for 4 periods at 7% to find the factor, then multiply by $2,800.What is the present value of $8,100 to be received in 3 years at a 5% interest rate?
PV = $8,100 / (1.05)^3 ≈ $6,993.13.What is the future value of $3,600 invested for 5 years at 6% interest?
FV = $3,600 × (1.06)^5 ≈ $4,816.74.What is the present value of an ordinary annuity of $1,600 per year for 6 years at 8% interest?
Use the present value annuity table for 6 periods at 8% to find the factor, then multiply by $1,600.What is the present value of $10,200 to be received in 4 years at a 7% interest rate?
PV = $10,200 / (1.07)^4 ≈ $7,783.13.What is the future value of $2,600 invested for 3 years at 9% interest?
FV = $2,600 × (1.09)^3 ≈ $3,359.13.What is the present value of an ordinary annuity of $2,100 per year for 5 years at 6% interest?
Use the present value annuity table for 5 periods at 6% to find the factor, then multiply by $2,100.What is the present value of $6,600 to be received in 2 years at a 8% interest rate?
PV = $6,600 / (1.08)^2 ≈ $5,654.13.What is the future value of $1,700 invested for 4 years at 5% interest?
FV = $1,700 × (1.05)^4 ≈ $2,067.13.What is the present value of an ordinary annuity of $1,800 per year for 3 years at 7% interest?
Use the present value annuity table for 3 periods at 7% to find the factor, then multiply by $1,800.What is the present value of $4,200 to be received in 5 years at a 6% interest rate?
PV = $4,200 / (1.06)^5 ≈ $3,109.13.What is the future value of $2,400 invested for 2 years at 10% interest?
FV = $2,400 × (1.10)^2 ≈ $2,904.00.What is the present value of an ordinary annuity of $2,500 per year for 4 years at 6% interest?
Use the present value annuity table for 4 periods at 6% to find the factor, then multiply by $2,500.What is the present value of $7,400 to be received in 3 years at a 7% interest rate?
PV = $7,400 / (1.07)^3 ≈ $6,049.13.What is the future value of $3,100 invested for 5 years at 8% interest?
FV = $3,100 × (1.08)^5 ≈ $4,561.13.What is the present value of an ordinary annuity of $1,700 per year for 6 years at 7% interest?
Use the present value annuity table for 6 periods at 7% to find the factor, then multiply by $1,700.What is the present value of $11,700 to be received in 4 years at a 5% interest rate?
PV = $11,700 / (1.05)^4 ≈ $9,627.13.What is the future value of $2,800 invested for 3 years at 6% interest?
FV = $2,800 × (1.06)^3 ≈ $3,337.13.What is the present value of an ordinary annuity of $2,200 per year for 5 years at 7% interest?
Use the present value annuity table for 5 periods at 7% to find the factor, then multiply by $2,200.What is the present value of $6,100 to be received in 2 years at a 9% interest rate?
PV = $6,100 / (1.09)^2 ≈ $5,144.13.What is the future value of $1,600 invested for 4 years at 8% interest?
FV = $1,600 × (1.08)^4 ≈ $2,178.13.What is the present value of an ordinary annuity of $1,900 per year for 3 years at 5% interest?
Use the present value annuity table for 3 periods at 5% to find the factor, then multiply by $1,900.