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Fin Assign

1. Four investments A-D are listed with single amounts ranging from $8600 to $19,500. A table shows the value of a $200,000 ring appreciating at 10% over 12 years is $63,726.16. 2. A $250 loan at 13% interest would have amounts due of $282.50 after 1 year, $460.61 after 5 years, and $848.64 after 10 years. 3. Given a present value of $30,000 at an interest rate of 8.9% over 7 years, the future value is calculated to be $54,489.95.

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47 views2 pages

Fin Assign

1. Four investments A-D are listed with single amounts ranging from $8600 to $19,500. A table shows the value of a $200,000 ring appreciating at 10% over 12 years is $63,726.16. 2. A $250 loan at 13% interest would have amounts due of $282.50 after 1 year, $460.61 after 5 years, and $848.64 after 10 years. 3. Given a present value of $30,000 at an interest rate of 8.9% over 7 years, the future value is calculated to be $54,489.95.

Uploaded by

uuuuufffff
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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1

Investment
A
B
C
D

Single amount
$10,400
19500
8600
15000

2 Value of Ring
Rate
Years

200,000.00
10%
12

Investment

63,726.16

3 Loan
Rate

Investment life (years)


6
15
4
10

250
13%

a Amount Due

282.50

b Amount Due

460.61

c Amount Due

848.64

10

4 Present Value
Rate
Time

30,000.00
8.9%
7

Future Value

54,489.95

5 Future value
Present Value
Rate
Time

150,000
15,000
10%
24.2

More than 26 years

Rate
6.82%
7.07%
5.28%
7.92%

Best

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