This Tutorial comes with a excel sheet\t\u00a0\tP3-1\tFuture Value.\u00a0 \u00a0Fill in the future values for the following table using one of\u00a0 the three methods below:\ta. \ufffd\u00a0 Use the future value formula, FV = PV*(1+r)n.\tb. \ufffd Use the TVM keys from a calculor.\tc. \ufffd\u00a0 Use the TVM function in a spreadsheet.\t\u00a0\tP3 “\ufffd 4\tFuture Value.\u00a0 Grand opening Bank is offering\u00a0 a one-time investment\u00a0 opportunity for its new customer. A customer opening a new checking account\u00a0 can buy a special saving bond for $ 400 today , Which the bank will compound at 8.5% for the next ten years. The savings bond must be held for at least five years, but can then be cashed in at end of any year starting with years five. What is the value of the bond at each cash-in date up through year ten ?\tWhat is the value of the savings bond at the end of year five ?\ta. \ufffd\u00a0 What is the value of the savings\u00a0 bond at the end of year five ?\tb. \ufffd What is the value of the savings\u00a0 bond at the end of year six?\tc. \ufffd\u00a0 What is the value of the savings\u00a0 bond at the end of year seven?\td. \ufffd What is the value of the savings\u00a0 bond at the end of year eight?\te. \ufffd\u00a0 What is the value of the savings\u00a0 bond at the end of year nine?\tf. \ufffd\u00a0 What is the value of the savings\u00a0 bond at the end of year ten?\t\u00a0\tP 3″\ufffd 8\ta. \ufffd\u00a0 Use the present value formula, PV = FV*—\tb. \ufffd Use the TVM keys from a calculator.\tc. \ufffd\u00a0 Use the TVM function in a spreadsheet.\t\u00a0\tP3-15\tFuture Value.\u00a0 YOU are a new employee with the metro daily planet. The planet offers three different\u00a0\u00a0 retirement\u00a0 plans.\u00a0 Plans 1 starts the first day of work and puts $1,100 away in your retirement acc at the end of every year for 40 years. Plan 2 starts after 10 year and puts away $2,100 every year for year. Plan 3 starts after 20 year and puts away $4,100 every year for the last 20 year 0 employment.\u00a0 All tree plans guarantee an annual growth\u00a0 rate of 11%.\ta. \ufffd\u00a0 Which plan should you choose if you plan to work at the Planet\u00a0 for 40 years ?\tb. \ufffd Which plan should you choose if you plan to work at the Planet\u00a0 for only the next\u00a0 30 years ?\tc. \ufffd\u00a0 Which plan should you choose if you plan to work at the Planet\u00a0 for only the next\u00a0\u00a0 20 years ?\td. \ufffd Which plan should you choose if you plan to work at the Planet\u00a0 for only the next\u00a0\u00a0 10 years ?\te. \ufffd\u00a0 What do the answers in parts\u00a0 (a) through (d) imply about savings ?\t\u00a0\t\u00a0\t\u00a0\tP4-5\tFuture Value.\u00a0 YOU are a new employee with the metro daily planet. The planet offers three different\u00a0\u00a0 retirement\u00a0 plans.\u00a0 Plans 1 starts the first day of work and puts $1,100 away in your retirement acc at the end of every year for 40 years. Plan 2 starts after 10 year and puts away $2,100 every year for year. Plan 3 starts after 20 year and puts away $4,100 every year for the last 20 year 0 employment.\u00a0 All tree plans guarantee an annual growth\u00a0 rate of 11%.\ta. \ufffd\u00a0 Which plan should you choose if you plan to work at the Planet\u00a0 for 40 years ?\tb. \ufffd Which plan should you choose if you plan to work at the Planet\u00a0 for only the next\u00a0 30 years ?\tc. \ufffd\u00a0 Which plan should you choose if you plan to work at the Planet\u00a0 for only the next\u00a0\u00a0 20 years ?\td. \ufffd Which plan should you choose if you plan to work at the Planet\u00a0 for only the next\u00a0\u00a0 10 years ?\te. \ufffd\u00a0 What do the answers in parts\u00a0 (a) through (d) imply about savings ?<\/p>\n","protected":false},"excerpt":{"rendered":"
This Tutorial comes with a excel sheet \u00a0 P3-1 Future Value.\u00a0 \u00a0Fill in the future values for the following table using one of\u00a0 the three methods below: a. \ufffd\u00a0 Use the future value formula, FV = PV*(1+r)n. b. \ufffd Use Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-216685","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/216685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=216685"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/216685\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=216685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=216685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=216685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}