Fin100 Week 5 Homework Value For Money

FIN100 Week 5 homeworkChapter 9: P6Determine the percent values if $5000 is received in the future (i.e. at the end of each indicated time period) in each of the following situations5% for 10 years$5000(.614) = $3070Used table 9.2 on page 2147% for 7 years$5000(.623) = $3115Used table 9.2 on page 2149% for four years$5000(.708) = $3540Used table 9.2 on page 214Chapter 9: P9Assume you are planning to invest $5,000 each year for six years and will earn 10 percent per year. Determine the future value of this annuity if your first $5,000 is invested at the end of the first year.$38,578.05Chapter 9: P10Determine the present value now of an investment of $3,000 made one year from now and an additional $3,000 made two years from now if the annual discount rate is 4 percent.$3000/1.04 + $3000/(1.04)^2 = $2,884.61 + $2,773.67 = $5,656.28.Chapter 9: P11Determine the present value of a loan that calls for the payment of $500 per year for six years if the discount rate is 10 percent and the first payment will be made one year from now? How would your answer change if the $500 per