Taslima wants to deposit $5000 annually at the end @ 9% for 5 years. How much can she expect to get at the end?
3 points
2. Taslima wants to deposit $6000 annually at the beginning @ 10% for 6 years. How much can she expect to get at the end?
3 points
3. DJ Khalid wants to endow a chair in Music and Arts at USC. The university wants 500,000 per year and it will generate 15% interest. How much DJ Khalid needs to pay now?
3 points
4. Sonica Industries, a furniture manufacturer expects to receive the following mixed stream of cash flows over the next 6 years from one of its customers. year Cash flow 1 11400 2 15000 3 13000 4 14110 5 12035 6 10345 If Sonica expects to earn 7% interest, how much will it accumulate at the end of year 6 if it immediately invests these cash flows when they are received.
