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Posted: August 31st, 2022

Assignment Assignment 1.1-

Assignment Assignment 1.1-

Remedy issues by utilizing the Future Worth and Current Worth tables and present your resolution course of step-by-step together with the formulation. You will not get any credit score, if you happen to merely give the reply to the issue. Please e mail your project to me utilizing YourName_Assignment 1 as the topic. Thanks!

Future Worth Desk

Current Worth Desk
You deposit $2000 in the present day at 6% curiosity. How a lot will you will have in 5 years?
You make investments $5,000 in the present day. You’ll earn eight% curiosity. How a lot will you will have in four years?
You’ve $450,000 to take a position. Should you suppose you’ll be able to earn 7%, how a lot might you accumulate in 10 years?
If a commodity prices $500 now and inflation is predicted to go up on the price of 10% per yr, how a lot will the commodity value in 5 years?
How a lot would you must deposit now to have $15,000 in eight years if curiosity is 7%?
If you wish to have $10,000 in three years and you may earn eight%, how a lot would you must deposit in the present day?
Should you suppose you’ll be able to promote an asset for $25,000 in 5 years and also you suppose the suitable low cost price is 5%, how a lot would you be keen to pay for the asset in the present day?

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