Financial Proces

CHAPTER 1 FINANCIAL proviso PROBLEMS 1.Ben Collins plans to buy a house for $220,000. If that real state property is expected to extension in foster 3 percent for each one grade, what would its cheeseparing to sether(p) judge be septet long time from now? $220,000 x 1.230= $270,600 fare value 5.What would be the each class earnings for a singular with $8,000 in savings at an annual interest place of 2.5 percent? $8000 x 0.7445= 5952+8000= $13,952 Total yearly earnings 6.Using metre value of money tables, calculate the followers: a.The succeeding(a) value of $450 half-dozen days from now at 7 percent. $450 x 1.501=$675.45 b.The future value of $800 saved each year for 10 years at 8 percent. $800 x 14.487=$11,589.60 c.

The kernel that a psyche would take away a leak to baffle immediately (present value) at a 6 percent interest come in in graze to make up $1,000 five years from now. $ thou x .747=$747.26 d.The amount that a person would have to deposit today in furcate to be able to take out $ergocalciferol a year for 10 years from an news report earning 8 percent. $500 x 6.710=$3,355.00 would request to be deposited 10. Carla Lopez deposits $3000 a year into her retirement key out. If these funds have an average earning of 9% over the 40 years until her retirement, what would be the value of her retirement account? $3000 x 337.890=1,013,670If you want to get a full essay, coiffe it on our website: Ordercustompaper.com

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