Given a 5 percent interest rate, compute the year 6 future value of deposits

Subject: Business / Finance
Question
1.Given a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,950, $2,150, $2,150, and $2,450. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

2. A loan is offered with monthly payments and a 9.25 percent APR. What’s the loan’s effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

3.What’s the present value of a $650 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

4. Compute the present value of a $5,800 deposit in year 1 and another $5,300 deposit at the end of year 4 using an 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

5. What is the future value of a $680 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

6. Compute the future value in year 9 of a $4,200 deposit in year 1 and another $3,700 deposit at the end of year 5 using an 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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