Randall Corporation's Sales Compounded Annually Certificate of Deposit Accounting Assignment Help

Assignment Task

Task

Basic Problems - (Compound Interest) To what amount will the following investments accumulate? a. $4,000 invested for 11 years at 9, compound. annually b. $8,000 invested for 10 years at 8% compound. annually c. $800 invested for 12 years at 12% compounded annually 2. (Compound Value Solving for n) How many years will the following take? a. $550 to grow to $1,043.90 if invested at 6% compounded annually b. $40 to grow to $88.44 if invested at 12% compounded annually c. $110 to grow to $614.79 if invested at 24% compounded annually 3. (Compound Value Solving for r) At what annual rate would the following have to be invested? a. $550 to grow to $1,898.60 in 13 years b. $275 to grow to $406.18 in 8 years c. $60 to grow to $279.66 in 20 years 4. (Present Value) What is the present value of the following future amounts? 
a. $800 to be received 10 years from now discounted back to present at 10% b. $400 to be received 6 years from now discounted back to present at 6% c. $1,000 to be received 8 years from now discounted back to present at 5% 
5. (Compound Annuity) What is the accumulated sum of each of the following streams of payments? 
a. $500 a year for 10 years compounded annually at 6% b. $150 a year for 5 years compound. annually at 11% c. $35 a year for 8 years compounded annually at 7?tailed Problems I. Sally now has S125. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? 2. Joe now has S500. How much would he have after 6 years if he leaves it invested at 5.5% with annual compounding? 3. Suppose you have S1,500 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compound. annually. How much will you have when the CD matures? 
4. Last year Randall Corporation's sales were S225 million. If sales grow at 6% per year, how large (in millions) will they be 5 years later? 5. How much would S20,000 due in 50 years be worth today if the discount rate were 7.5%, 

 

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