Solve the followings using a financial calculator. Submit your answers in Excel. Show calculator inputs (ie. N, PV, etc.) to get partial credit. 1. If you deposit $1,500 today how much it will be worth in 20 years if interest is compounded annually at a rate of 5%? 2. How much would you pay for the right to receive $12,000 at the end of 15 years if you can earn 15% return on other investments of similar risk? 3. How much would you pay today to receive $5,000 in one year and $7,000 in the second year if you can earn 10% return on other investments of similar risk?
Solve the followings using a financial calculator. Submit your answers in Excel. Show calculator inputs
(ie. N, PV, etc.) to get partial credit.
1. If you deposit $1,500 today how much it will be worth in 20 years if interest is compounded annually at a rate of 5%?
2. How much would you pay for the right to receive $12,000 at the end of 15 years if you can earn 15% return on other investments of similar risk?
3. How much would you pay today to receive $5,000 in one year and $7,000 in the second year if you can earn 10% return on other investments of similar risk?
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