# Fin 100 week 4 homework latest

FIN100 Week 4 Homework

Question 1

Find the future value of \$10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a simple interest rate?

\$14,000

\$14,200

\$16,000

\$11,000

Question 2

Find the future value of \$10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a compound interest rate?

\$14,590

\$14,690

\$16,690

\$13,960

### Question 3

Determine the future values if \$5,000 is invested in each of the following situations:

· 5 percent for ten years

\$8,145

\$7,145

\$6,145

\$7,415

Question 4

Determine the future value if \$5,000 is invested in each of the following situations:

· 7 percent for seven years

\$8,130

\$8,031

\$8,030

\$7,030

### Question 5

Determine the future value if \$5,000 is invested in each of the following situations:

· 9 percent for four years

\$7,260

\$7,620

\$7,062

\$7,060

Question 6

Find the present value of \$7,000 to be received one year from now, assuming a 3 percent annual discount interest rate. Also calculate the present value if the \$7,000 is received after two years.

\$6,796.12 and \$6,598.17

\$7,696.13 and \$5,698.17

\$6,976.12 and \$6,968.17

\$6,796.12 and \$6,859.17

### Question 7

Use a financial calculator or computer software program to answer the following questions:

· What would be the future value of \$15,555 invested now if it earns interest at 14.5 percent for seven years?

\$30,134

\$40,134

\$50,134

\$25,000

Question 8

What would be the future value of \$19,378 invested now if the money remains deposited for eight years and the annual interest rate is 18 percent?

\$72,839

\$73,296

\$70,296

\$71,000