FIN 571 Week 1 Connect Problems Solutions (2017 version) Homework | Page 2

account at the end of 8 years ? ( Do not round intermediate calculations and round your answer to 2 decimal places , e . g ., 32.16 .)
a . Compute the future value of $ 1,000 compounded annually for 10 years at 9 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 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 $ 1,000 compounded annually for 15 years at 9 percent . ( Do not round intermediate calculations and round your answer to 2 decimal places , e . g ., 32.16 .)
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 .):
Wilkinson Co . has identified an investment project with the following cash flows : Year Cash Flow 1 $ 810 2 1,110 3 1,370 4 1,500 If the discount rate is 11 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 17 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 25 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 .)
Four months ago , you purchased 1,400 shares of Lakeside Bank stock for $ 16.96 a share . You have received dividend payments equal to $. 60 a share . Today , you sold all of your shares for $ 17.96 a share . What is your total dollar return on this investment ?