FIN 571 Course Great Wisdom / tutorialrank.com FIN 571 Course Great Wisdom / tutorialrank.com | Page 52

Please post the answers (and show your work) in the assignments
section by midnight the last day of the week assigned.

1. Calculate the future value of 1,535 invested today for 8 years at
6 percent.
(5 points)

2. What is the total present value of the following cash stream,
discounted at 8 percent? (5 points)

Year

Amount
1

400

2

750

3

945

4

145

5

78

3. If you invested $2,000 per year into an IRA for 30 years and
received 6 percent return each year, what would the account balance
be in 30 years? (5 points)