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How long do you have to wait to buy your yacht

Assignment Help Basic Computer Science
Reference no: EM131106720

1) What is the total future value six years from now of $200 received in one year, $400 received in two years, and $500 received in six years if the discount rate is 8 percent?

2) What is the present value of $10,000 to be received 9 years from today? Assume a discount rate of 7% compounded annually and round to the nearest $10.

3) You deposit $600 today, $600 one year from now, and $1000 five years from now into an account that earns 4% compounded annually. How much money will you have 11 years from now? (Round to the nearest whole dollar)

4) You have $90000 saved today and want to purchase a new yacht when your money grows to $300000. If you can earn 10 percent on your investments, how long do you have to wait to buy your yacht?

Reference no: EM131106720

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