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FIN 202 1st Assignment (Rawan Joudeh)
FIN 202 1st Assignment (Rawan Joudeh)
I/Y = 7%
FV = $ 8,000
PV = $ - 4,000
PMT = 0
CPT N = around 10 years and 2 months (10.2)
2- Assume you deposit 10,000 in an account that pays 6% . how much will you have in 5
years
I/Y = 6%
PV = $ 10,000
N = 5 years
PMT = 0
CPT FV = $ 13,382.25
3- Suppose you just celebrated your 19th birthday. A rich uncle has set up a trust fund for
you that will pay you 150,000 when you turn 30. If the discount rate is 9% how much
this trust fund will worth today ?
I/Y= 9%
N = 11 years
PMT = 0
FV = $150,000
CPT PV = $ 58,130
4- You have been offered an investment that will pay you 9%. If you invest $15,000. How
long until you have $30,000? How long until you have $45,000?
I/Y = 9% I/Y = 9%
FV = $ 30,000 FV = $ 45,000
PV = $ 15,000 PV = $ 15,000
PMT = 0 PMT= 0
CPT N = around 8 years CPT N = around 12 years and 7 months
Name: Rawan Maher Joudeh ID: 201812160
FIN202 1st Assignment (SEC:145)
5-
Present value Years Interest Rate Future value
$ 2,250 11 10 % $ 6,419.51
8,752 7 8 14,999.39
76,355 14 17 687,764.16
183,796 8 7 315,795.74
6-
Present value Years Interest Rate Future value
$ 10,295.65 6 7% $ 15,451
21,914.85 7 13 51,557
43,516.89 23 14 886,073
116,631.32 18 9 550,164
7-
Present value Years Interest Rate Future value
$ 240 2 11.24 % $ 297
360 10 11.61 1,080
39,000 15 10.95 185,382
38,261 30 9.16 531,618