Question

PLEASE ANSWER ALL, I am unable to post individually. Dont not answer, and request to post the remaining separately. Thank you !

2.Your aunt is planning to invest in a bank CD that will pay 7.0 percent interest semiannually. If she has $13,000 to invest, how much will she have at the end of four years?

3.Lisa Anderson received a graduation present of $1,000 that she is planning on investing in a mutual fund that earns 14.00 percent each year. How much money will she have in three years? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

4.Your birthday is next week and instead of other presents, your parents promised to give you $2,700 in cash. Since you have a part-time job and, thus, don’t need the cash immediately, you decide to invest the money in a bank CD that pays 7.80 percent, compounded quarterly, for the next two years. How much money can you expect to earn in this period of time? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

5.Find the future value of a five-year $109,000 investment that pays 5.25 percent and that has the following compounding periods: Monthly, quarterly, daily, Continuous (Do not round intermediate calculations, round final answers to 2 decimal places, e.g. 15.25.)

6. John Johnson, a catcher for the Minnesota Twins, is expected to hit 35 home runs in 2018. If his home-run-hitting ability is expected to grow by 12.50 percent every year for the following five years, how many home runs is he expected to hit in 2023? (Do not round intermediate calculations and round your final answer to the nearest whole number.)

7. Donald Martin is considering an investment that pays 8.30 percent, compounded annually. How much will he have to invest today so that the investment will be worth $29,000 in six years? (Do not round intermediate calculations and round your final answer to the nearest penny.)

8.Betty Harris has been offered a future payment of $900 two years from now. If she can earn an annual rate of 7.00 percent, compounded daily, on her investment, what should she pay for this investment today? (If you solve this problem with algebra round intermediate calculations to 5 decimal places, in all cases round your final answer to the nearest penny.)

9.You want to buy some bonds that will have a value of $1,000 at the end of 10 years. The bonds pay 5.00 percent interest annually. How much should you pay for them today? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

10. Michelle Walker wants to accumulate $13,500 by the end of 12 years. If the annual interest rate is 8.00 percent and interest compounds semiannually, how much will she have to invest today to achieve her goal? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)

11.You invest $260 in a mutual fund today that pays 6.30 percent interest annually. How long will it take to double your money? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to 0 decimal place, e.g. 545)

12.Your finance textbook sold 51,500 copies in its first year. The publishing company expects the sales to grow at a rate of 24 percent each year for the next three years and by 10 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in years 3 and 4. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answers to the nearest whole number.)

13.Find the future value of an investment of $1,900 made today for the following rates and periods: (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your answers to the nearest penny.)

-6.25 percent compounded semiannually for 12 years.
-7.63 percent compounded quarterly for 6 years.

-8.9 percent compounded monthly for 10 years.

-10 percent compounded daily for 3 years.

-8 percent compounded continuously for 2 years.

14. Find the present value of $3,900 under each of the following rates and periods: (Round your final answer to the nearest penny.)

-8.9 percent compounded monthly for five years.

-6.6 percent compounded quarterly for eight years.
-4.3 percent compounded daily for four years.
-5.7 percent compounded continuously for three years.

15.You are going to deposit $650 in a bank CD today, and you will withdraw the money only once the balance is $1,000. If the bank pays 6 percent interest, how long will it take for the balance to reach $1,000? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 1 decimal place, e.g. 5.4.)

16.Pharoah Company is a private company with sales of $1,400,000 a year. Management wants to take the company public but has to wait until the sales reach $2,000,000. If sales are expected to grow 12 percent annually, when is the earliest that Pharoah will go public? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 1 decimal place, e.g. 5.4.)

17.Pharoah Technologies, Inc., an Indian technology company, reported net income of $424,000,000 this year. Analysts expect the company’s earnings to be $1,600,000,000 in five years. What is the expected growth rate in the company’s earnings? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72%.)

Answer 1

Answer(2): Future value = Present value (1+rate of interest)^{Number of years}

Mode is semiannual so Number of periods : 4*2 = 8 and rate: 7%/2 = 3.5%

Future value = 13000 (1+.07/2)⁸

Future value = $17118.5174805

She will have $17118.52 at the end of 4 years.

Answer(3): Future value = Present value (1+rate of interest)^{Number of years}

Future value = 1000 (1+.14)3

Future value = $1481.544

She will have $1481.54 after 3 years.

Answer(5): Future value = Present value (1+rate of interest)^{Number of years}

• Monthly: 109000(1.0525/12)^5*12 = $141638.12
• Quarterly: 109000(1.0525/4)^5*4 = $141477.42
• Daily: 109000(1.0525/365)^5*365 = 141716.56
• Continuous: 109000 * e ^.0525*5 = $141719.24

Answer(7): Present value = Future value / (1+rate of interest)^{Number of years}

PV = 29000 / (1+.083)⁶

PV = $17973.276608

He has to invest $17973.28 today.