PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover PDF Search Help Contact



DEVRY FIN 515 Week 2 Problem Set.pdf


Preview of PDF document devry-fin-515-week-2-problem-set.pdf

Page 1 2 3

Text preview


DEVRY FIN 515 Week 2 Problem Set

Check this A+ tutorial guideline at
http://www.assignmentcloud.com/fin515-devry/fin-515-week-2-problem-set
For more classes visit
http://www.assignmentcloud.com
FIN 515 Week 2 Problem Set
Chapter 4 (pages 132–136):
3. Calculate the future value of $2000 in
a. five years at an interest rate of 5% per year;
b. ten years at an interest rate of 5% per year; and
c. five years at an interest rate of 10% per year.
d. Why is the amount of interest earned in part (a) less than half the amount of
interest earned in part (b)?
4. What is the present value of $10,000 received
a. twelve years from today when the interest rate is 4% per year;
b. twenty years from today when the interest rate is 8% per year; and
c. six years from today when the interest rate is 2% per year?