# Use whatever Excel spreadsheet (or TVM app) you choose to answer the following q

**Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates**

**For This or a Similar Paper Click To Order Now**

Use whatever Excel spreadsheet (or TVM app) you choose to answer the following questions.

Type your answers next to the questions and submit as a Word file through Canvas.

It is worth a total of 40 points.

1. (8 points) Find the future value of investing the equivalent of $12,000 starting today for 8

years when the annual interest rate of 8.75% is:

a. Compounded annually

b. Compounded semiannually

c. Compounded quarterly

d. Compounded monthly

2. (8 points) You want to have $100,000 at the end of 15 years from now to use to purchase

some real estate. How much do you have to invest today if annual interest is 5.25% and

interest is compounded:

a. Annually

b. Semiannually

c. Quarterly

d. Monthly

3. (8 points) You are comparing different saving schemes and want to find out which one

will get you most money if you invest the annual equivalent of $18,000 for the next 15

years when annual interest over those 15 years is 7.50%. How much will you end up

with if you save that $18,000:

a. Once per year (annually)

b. Twice per year (semiannually)

c. Four times per year (quarterly)

d. Twelve time per year (monthly)

4. (8 points) A relative has offered to give you today an amount that will allow you to

withdraw the equivalent of $25,000 per year for the next 10 years. How much does that

relative have to give you if annual interest over the next 10 years is 6.40% and you want

to withdraw money:

a. Once per year

b. Twice per year

c. Four times per year

d. Twelve times per year

5. (4 points) Mary and Larry are given the same sum of money to invest today for five

years. Annual interests rates for both investments are the same, but Mary’s interest is

compounded every month while Larry’s is compounded every six months. Who will

have the most money at the end of five years?

6. (4 points) Flo and Moe are planning to have saved the same amount ten years from now.

Both put their investments in an account that will earn the same annual interest over the

next ten years, but Moe’s interest is compounded quarterly while Flo’s is compounded

just annually. Who has to invest more today, Flo or Moe?

## We've got everything to become your favourite writing service

### Money back guarantee

Your money is safe. Even if we fail to satisfy your expectations, you can always request a refund and get your money back.

### Confidentiality

We don’t share your private information with anyone. What happens on our website stays on our website.

### Our service is legit

We provide you with a sample paper on the topic you need, and this kind of academic assistance is perfectly legitimate.

### Get a plagiarism-free paper

We check every paper with our plagiarism-detection software, so you get a unique paper written for your particular purposes.

### We can help with urgent tasks

Need a paper tomorrow? We can write it even while you’re sleeping. Place an order now and get your paper in 8 hours.

### Pay a fair price

Our prices depend on urgency. If you want a cheap essay, place your order in advance. Our prices start from $11 per page.