FIN 571 TUTOR Career Path Begins/fin571tutor.com FIN 571 TUTOR Career Path Begins/fin571tutor.com | Page 15

12.a.
Compute the future value of $2,000 compounded annually for
10 years at 7 percent. (Do not round intermediate calculations and round
your answer to 2 decimal places, e.g., 32.16.)
b.
Compute the future value of $2,000 compounded annually for 10
years at 12 percent. (Do not round intermediate calculations and round
your answer to 2 decimal places, e.g., 32.16.)
c.
Compute the future value of $2,000 compounded annually for 15
years at 7 percent. (Do not round intermediate calculations and round your
answer to 2 decimal places, e.g., 32.16.)
12. (Set 2)
10.00 points
a.
Compute the future value of $1,000 compounded annually for 10
years at 8 percent. (Do not round intermediate calculations and round your
answer to 2 decimal places, e.g., 32.16.)
b.
Compute the future value of $1,000 compounded annually for 10
years at 11 percent. (Do not round intermediate calculations and round
your answer to 2 decimal places, e.g., 32.16.)
c.
Compute the future value of $1,000 compounded annually for 15
years at 8 percent. (Do not round intermediate calculations and round your
answer to 2 decimal places, e.g., 32.16.)
13. (Set 2)
10.00 points
For each of the following, compute the present value (Do not round
intermediate calculations and round your answers to 2 decimal places, e.g.,
32.16.):
Present Value Years
Interest Rate Future value
Wilkinson Co. has identified an investment project with the following cash
flows:
If the discount rate is 9 percent, what is the present value of these cash
flows? (Do not round intermediate calculations and round your answer to 2
decimal places, e.g., 32.16.)
If the discount rate is 16 percent, what is the present value of these cash
flows? (Do not round intermediate calculations and round your answer to 2
decimal pla