DEVRY FIN 515 Week 2 Problem Set
Check this A + tutorial guideline at
http:// www. assignmentclick. com / fin- 515-devry / fin-515-week-2-problem-set
For more classes visit http:// www. assignmentclick. com
FIN 515 Week 2 Problem Set Chapter 4( pages 132 – 136): 3. Calculate the future value of $ 2000 in
a. five years at an interest rate of 5 % per year; b. ten years at an interest rate of 5 % per year; and c. five years at an interest rate of 10 % per year. d. Why is the amount of interest earned in part( a) less than half the amount of interest earned in part( b)?
4. What is the present value of $ 10,000 received a. twelve years from today when the interest rate is 4 % per year; b. twenty years from today when the interest rate is 8 % per year; and c. six years from today when the interest rate is 2 % per year?