Calculate Answers to the Following Questions Using Future Value And/or

question 52

Essay

Calculate answers to the following questions using future value and/or present value tables.
a.If $100 is deposited in an account paying 8 percent simple interest,what will be the value of the account in five years?
b.If an accumulation of $4,000 is desired at the end of four years,what amount must be deposited now to accomplish that goal,assuming 12 percent interest compounded annually?
c.A deposit of $1,000 made at the end of every six months for five years will grow to what amount,assuming 10 percent interest compounded semiannually?
d.What is the present value of $150 received at the end of each year for 4 years,assuming 9 percent interest compounded annually?
e.What amount must be deposited at the bank today to grow to $10,000 in five years,assuming 14 percent interest compounded semiannually?

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Definitions:

Autonomic Changes

Physiological adjustments made by the autonomic nervous system, controlling involuntary body functions in response to physical or psychological stress.

Parasympathetic Nervous System

A division of the autonomic nervous system responsible for rest and digestion, counterbalancing the sympathetic nervous system.

Somatic Nervous System

The part of the peripheral nervous system that handles voluntary control of body movements via skeletal muscles.

Peripheral Nervous System

The part of the nervous system outside the brain and spinal cord, including the nerves and ganglia.