FIN 370 Cash Flow Problem Sets ( 4-5,4-7,4-8,4-11,4- 13 )
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FIN 370 Cash Flow Problem Sets ( 4-5,4-7,4-8,4-11,4- 13 )
For more course tutorials visit www . tutorialrank . com
4-5 Multiyear Future Value How much would be in your savings account in 11 years after depositing $ 150 today if the bank pays 8 percent per year ? ( LG4-3 )
4-7 Compounding with Different Interest Rates A deposit of $ 350 earns the following interest rates :
a . 8 percent in the first year .
b . 6 percent in the second year .
c . 5.5 percent in the third year .
What would be the third year future value ?
4-8 Compounding with Different Interest Rates A deposit of $ 750 earns interest rates of 9 percent in the first year and 12 percent in the second year . What would be the second year future value ? ( LG4-3 )