Time Value of Money - 3915 Words
Time Value of Money Problems
1. What will a deposit of $4,500 at 10% compounded semiannually be worth if left in the bank for
six years?
a. $8,020.22
b. $7,959.55
c. $8,081.55
d. $8,181.55
2. What will a deposit of $4,500 at 7% annual interest be worth if left in the bank for nine years?
a. $8,273.25
b. $8,385.78
c. $8,279.23
d. $7,723.25
3. What will a deposit of $4,500 at 12% compounded monthly be worth at the end of 10 years?
a. $14,351.80
b. $14,851.80
c. $13,997.40
d....
3,915 Words | 37 Pages