Question : I wanted to make sure if my answers were right.
I wanted to make sure if my answers were right.
My answers from1-5:
6) ??? confused on this one
1. If you deposit $10,000 in the bank today and your annual interest rate per year is 10% compounded quarterly, how much money will you have in one year? 2. What is the present value of receiving $1000 per year for 5 years? Your annual required rate of return is 10%. 3. What is the present value of receiving $12,000 in two years if your required rate of return is 10%? 4. How much money would an investor have after five years if he places $10,000 in the bank at 10% interest compounded semi-annually? 5. How many years would you need to leave your money in the bank if you deposit $1,000 today and want to have S3,000? Your interest is 10% compounded annually 6. How much money will you have in three years, if you deposit $1,000 today and $1,000 in one and one-half years (1 h) You earn 10% interest compounded quarterly?