Answers To Week 2 Problems
1- $9,444.36
2- FV= $24,136
PV= $13,424
3- $85,807
4- $8226.54
5- PV=$22,697.07
Amount Available = $60,000 – 22,697.07 = $37,302.93
1. r = 5%
r = 8%
r = 0%
1. P.V. = $812.44
8-
Solution not given.
1. In these problems, you can either solve the equation provided directly, or you can use
your financial calculator setting PV = (-)400, FV = 1000, PMT = 0, i as specified by the
problem. Then compute n on the calculator.