What is the future value of $7,540 at the end of 7 periods at 8% compounded interest?

What is the present value of $7,540 due 9 periods hence, discounted at 11%?

What is the future value of 15 periodic payments of $7,540 each made at the end of each period and compounded at 10%?

What is the present value of $7,540 to be received at the end of each of 18 periods, discounted at 5% compound interest?

6-6

Dwayne Wade Company recently signed a lease for a new office building, for a lease period of 12 years. Under the lease agreement, a security deposit of $14,840 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 10% per year. What amount will the company receive at the time the lease expires?

Serena Williams Corporation, having recently issued a $20,169,000, 15-year bond issue, is committed to make annual sinking fund deposits of $607,500. The deposits are made on the last day of each year and yield a return of 10%. Will the fund at the end of 15 years be sufficient to retire the bonds?

Serena Williams Corporation, having recently issued a $20,169,000, 15-year bond issue, is committed to make annual sinking fund deposits of $607,500. The deposits are made on the last day of each year and yield a return of 10%. Determine the amount of deficiency.

Under the terms of his salary agreement, president Rex Walters has an option of receiving either an immediate bonus of $48,000, or a deferred bonus of $84,000 payable in 10 years. Ignoring tax considerations, and assuming a relevant interest rate of 8%, which form of settlement should Walters accept?

6-8

Clarence Weather spoon, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on an 9% basis that will enable him to withdraw $31,400 per year on June 30, beginning in 2018 and continuing through 2021. To develop this fund, Clarence intends to make equal contributions on June 30 of each of the years 2014–2017. How