#1. Joe spends $12 a week on coffee or $624 a year, what would be the future value of that amount over 10 years if the funds were deposited in an account earning 3 percent?#2. An ATM with a service fee of $2.50 is used by a person 50 times in a year for a total of $125 per year. What would be the future value in 10 years (use a 3 percent rate) of the annual amount paid in ATM fees?#3. Charles deposits $4,000 a year into her retirement account. If these funds have an average earning of 7 percent over the 40 years until her retirement, what will be the value of her retirement account?#4. Mr Big Bucks says he will pay you $60,000 now for annual payments of $10,000 that you are expected to receive for a legal settlement over the next 10 years. What is the present value of this assuming the time value of the money at 8%?#5. Susan plans to reduce her saving (that is, she will spend more) by $70 a month. What would be the foregone future value of this reduced saving over the next 10 years? (Assume monthly cash flows, and an annual interest rate of 4 percent.)
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more