Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates
Use whatever Excel spreadsheet (or TVM app) you choose to answer the following questions.
Type your answers next to the questions and submit as a Word file through Canvas.
It is worth a total of 40 points.
1. (8 points) Find the future value of investing the equivalent of $12,000 starting today for 8
years when the annual interest rate of 8.75% is:
a. Compounded annually
b. Compounded semiannually
c. Compounded quarterly
d. Compounded monthly
2. (8 points) You want to have $100,000 at the end of 15 years from now to use to purchase
some real estate. How much do you have to invest today if annual interest is 5.25% and
interest is compounded:
3. (8 points) You are comparing different saving schemes and want to find out which one
will get you most money if you invest the annual equivalent of $18,000 for the next 15
years when annual interest over those 15 years is 7.50%. How much will you end up
with if you save that $18,000:
a. Once per year (annually)
b. Twice per year (semiannually)
c. Four times per year (quarterly)
d. Twelve time per year (monthly)
4. (8 points) A relative has offered to give you today an amount that will allow you to
withdraw the equivalent of $25,000 per year for the next 10 years. How much does that
relative have to give you if annual interest over the next 10 years is 6.40% and you want
to withdraw money:
a. Once per year
b. Twice per year
c. Four times per year
d. Twelve times per year
5. (4 points) Mary and Larry are given the same sum of money to invest today for five
years. Annual interests rates for both investments are the same, but Mary’s interest is
compounded every month while Larry’s is compounded every six months. Who will
have the most money at the end of five years?
6. (4 points) Flo and Moe are planning to have saved the same amount ten years from now.
Both put their investments in an account that will earn the same annual interest over the
next ten years, but Moe’s interest is compounded quarterly while Flo’s is compounded
just annually. Who has to invest more today, Flo or Moe?
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.