Calculate Answers to the Following Scenarios Using Present Value Tables

question 117

Essay

Calculate answers to the following scenarios using present value tables:
a.If $100 is deposited into an account paying 8 percent simple interest,what will be the value of the account in 5 years?
b.If an accumulation of $8,000 is desired at the end of 4 years,what amount must be deposited now to accomplish that goal,assuming 12 percent interest compounded annually?
c.What is the present value of $300 received at the end of each year for 4 years,assuming 9 percent interest compounded annually?
d.What amount must be deposited at the bank today to grow to $10,000 in 5 years,assuming 14 percent interest compounded semiannually?

---

Definitions:

Medieval Scholars

Intellectuals or academics from the Middle Ages who studied, preserved, and contributed to the knowledge of their time, often in monasteries or universities.

Ionic Bond

A type of chemical bond formed through the electrostatic attraction between oppositely charged ions, often resulting from the transfer of electrons from one atom to another.

Covalent Bond

Type of chemical bond in which two atoms share a pair of electrons. Can be polar or nonpolar.

Hydrogen Bond

A modest bond formed between two molecules as a result of the electrostatic interaction between a proton found in one molecule and an atom that is electronegative in the other molecule.