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- If you invest $15,000 today, how much will you have in (for further instructions on future value in Excel, see Appendix C): A. 20 years at 22% B. 12 years at 10% C. 5 years at 14% D. 2 years at 7%Global Financial Management Rivier University Module 2 Problem Set TVM Directions: Using the financial functions of Excel, the Excel wizard and/or the formulas for TVM, solve each of the problems. Example A: You have $300,000 that you want to invest in a one year Certificate of Deposit (CD) with a 4% annual interest rate. What will be the value of that CD in a year? PV = $300,000.00 VYR = 4% N = Formula: FV = PV(1+1)^N = $312,000.00 Wizard (FV): $312,000.00 Excel Function: $312,000.00 Example B: What if the investment made above were held in a CD for 5 years, with the same principle and interest rate? PV = $300,000.00 VYR = 4% N = 5 Formula: FV = PV(1+1)^N = $364,995.87 Wizard (FV): $364,995.87 Excel Function: $364,995.87 Example C: For this scenario, lets assume that CDs are being offered for 5 years at a rate of 3%, 4% and 5%. Using the table function of Excel, create a table that shows the FV at 3%, 4% and 5% for 0, 1, 2, 3, 4, and 5 years. How to use the table function in Excel:…Suppose you want to accumulate $20,000 for a down payment on a house in 5 years. How much must you deposit today into an account with an APR of 5% compounded monthly in order to have $20,000 in 5 years? PV = PMT= FV = APR = Periods = Compounding:
- MOIT 2. Find the present worth of perpetuity of P10,000 payable quarterly if money is worth 10% compounded monthly. as1i s lsqang deb 6i pniycgen to bortem vns 2i noilssihomA 3. Find the present worth of perpetuity of P10,000 semi annually with an interest rate of 10% quarterly, if the first payment will be given after 5 years. w 000 0001o idab AJenny puts $200 into a savings account today, the account pays an annual interest rate of 5%, but compounded semiannually, and you withdraw $100 after 6 months. What would your ending balance be 20 years after the initial $100 deposit was made? m Nper (or N) =n*m Rate (or I/Y)=i/m PV PMT FV Identify variables and use excelIf you borrow $6,000 for 4 years and agree to pay back $8000, what simple interest rate will you end up paying? O 6.77% O 5.25% O 9.67% 8.33%
- Q1. You have been told that you need $x today in order to have $100,000 when you retire 20 years from now. The annual interest rate is 5% on average. Computex. Answer Q2. You plan to make a $40,000 contribution to your individual retirement account, at 3.5 percent per year on average. Compute how much it will be worth if you deposit it for 25 years. Answer Q3. Repeat Q1-Q2, when the interest rate is being componded every SIX MONTHS (or SEMIANNUALLY). Answer Q4. Erica is purchasing a financial instrument that will pay $5,000 a year for seven years, at the end of every year. How much should she pay for this investment today if she wishes to earn a 12 percent rate of return? Answer Q5. Repeat Q5, when you are committed to making contributions at the beginning of every year. Answer Q6. Solve for x: Jane recently purchased a new home with a mortgage of $x. She financed it at 6.6 percent interest with annual installments of $36,000 for thirty years. Answer Q7. Solve for x: Jane recently…If you invest $5,000 three years from now, how much will be in h 15 f if 10% d d ll ? the account 15 years from now if i = 10% compounded annually? a. $8,053 b. $15,692 c. $20,886 d. $27,800.Present Value ComputationYou will receive $4,500 in 3 years. What is the present value if you can earn 8% interest compounded annually?Use Excel or a financial calculator for computation. Round your answer to nearest dollar. $Answer
- 10. . You start to save for a major purchase. You can invest GH¢320 every three months for 3 years and 9 months. You are able to earn 5.34% compounded semi- annually. What is the amount of interest that you earn during the entire term? * c. GH¢472.26 a. GH¢468.54 d. GH¢2506.00 b. GH¢5272.26 11. How much interest will be earned on GH¢5,000 deposited today that will earn a 4% compounded quarterly and will be invested for 6 years? * a. GH¢1,326.60 b. GH¢6,326.60 d. GH¢1,348.67 c. GH¢6,348.67How much money should be deposited today if 9% compounding is paid semiannually and the goal is for the next 8 years to earn $100,000? how much interest did you earn? known : i = 9% m=2 n=8 Snm = 100.000 ask Po and interest? Po = Pnm(1+i/m)^-nmIf you borrow $5,400 at a simple interest of 5% per year, how much will be repayed after 6 years? a. $7,020 b. $5,670 c. $7,237 d. $1,620 e. $1,837 Clear my choice
