Finance Questions

Answer the following questions:

Compute the present value of a $2,700 deposit in year 2 and another $2,200 deposit at the end of year 4 if interest rates are 9 percent.

What's the present value of a $970 annuity payment over four years if interest rates are 8 percent?

Given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,300, $1,500, $1,500, and $1,800.

Assume that you contribute $390 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $780 per month for another 25 years. Given a 6 percent interest rate, what is the value of your retirement plan after the 40 years?

If you start making $105 monthly contributions today and continue them for four years, what is their future value if the compounding rate is 12.75 percent APR?
What is the present value of this annuity?

What annual interest rate would you need to earn if you wanted a $600 per month contribution to grow to $48,500 in six years?

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