Question 1

How much will a registered retirement savings deposit of $13 500.00 be worth in 11 years at 8.44% compounded quarterly? How much of the amount is interest?

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Question 2

Determine the accumulated value of $4100.00 compounded semi-annually at 8% p.a. for seven years.

Accepted Answer

PV = 4100.00; i = 4%; n = 14
FV = 4100(1 + .04)14 = 4100(1.7316764)= $7099.87

Question 3

Use the exact method to determine the accumulated value of $3875.00 due in 61 months compounded annually at 9.75% p.a.

Accepted Answer

PV = 3875.00; i = 9.75%; n = 61/12 = 5.0833333
FV = 3875.00(1.0975)5.0833333 = 3875.00(1.6046846)= $6218.15

Question 4

GBC Credit Union expects an average annual growth rate of 10% for the next 10 years. If the assets of the credit union currently amount to $50 million, what will the forecasted assets be in ten years?

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Question 5

Yellowknife Savings offers three-year term deposits at 9.125% compounded annually while your credit union offers such deposits at 8.9% compounded quarterly. If you have $3000 to invest, what is the maturity value of your deposit
a)at Yellowknife Savings?
b)at your credit union?

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Question 6

Calculate the accumulated value of $3000.00 at 8% compounded quarterly for fifteen years. How much of the amount is interest?

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Question 7

Orange Credit Union expects an average annual growth rate of 16% for the next four years. If the assets of the credit union currently amount to $2.7 million, what will the forecasted assets be in four years?

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Question 8

Determine the maturity value of $2000 due in 63 months compounding annually at 10%.

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Question 9

Find the future value of and the compound interest on $4575.00 invested at 12.24% compounded monthly for:
a)3.5 years
b)7 years
c)12.5 years

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Question 10

To what future value will a principal of $7100.00 amount in three years at 7.6% p.a. compounded:
a)annually
b)semi-annually
c)quarterly
d)monthly

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Question 11

A $8000.00 investment matures in five years, three months. Find the maturity value if interest is 12% p.a. compounded quarterly.

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Question 12

Find the maturity value of a promissory note for $1400.00 dated March 31, 2001, and due on August 31, 2006, if interest is 7.64% compounded quarterly.

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Question 13

Find the compound amount of $5700.00 at 11.2% p.a. for seven years compounded monthly.

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Question 14

An investment of $21 700 is accumulated at 5.24% compounded quarterly for three and one-half years. At that time the interest rate is changed to 6.12% compounded monthly. How much is the investment worth two years after the change in interest rate?

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Question 15

A $5725.00 investment matures in three years, seven months. Find the maturity value if interest is 9.16% p.a. compounded quarterly.

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Question 16

Suppose $4320.00 is invested for five years, eight months at 8.25% compounded annually. What is the compounded amount?

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Question 17

Darcy's parents made a trust deposit of $3500.00 on October 31, 2002, to be withdrawn on Darcy's eighteenth birthday on July 31, 2016. To what will the deposit amount on that date at 13.48% compounded quarterly?

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Question 18

How much will a registered retirement savings deposit of $10 000.00 be worth in 15 years at 6.00% compounded quarterly? How much of the amount is interest?

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Question 19

Determine the maturity value of $5400 due in 91 months compounding annually at 8.75%.

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Question 20

Use the exact method to determine the accumulated value of $3875.00 due in 61 months compounded annually at 9.75% p.a.

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Quiz 9: Compound Interest - Future Value and Present Value

How much will a registered retirement savings deposit of $13 500.00 be worth in 11 years at 8.44% compounded quarterly? How much of the amount is interest?

Determine the accumulated value of $4100.00 compounded semi-annually at 8% p.a. for seven years.

Use the exact method to determine the accumulated value of $3875.00 due in 61 months compounded annually at 9.75% p.a.

GBC Credit Union expects an average annual growth rate of 10% for the next 10 years. If the assets of the credit union currently amount to $50 million, what will the forecasted assets be in ten years?

Yellowknife Savings offers three-year term deposits at 9.125% compounded annually while your credit union offers such deposits at 8.9% compounded quarterly. If you have $3000 to invest, what is the maturity value of your deposit a)at Yellowknife Savings? b)at your credit union?

Calculate the accumulated value of $3000.00 at 8% compounded quarterly for fifteen years. How much of the amount is interest?

Orange Credit Union expects an average annual growth rate of 16% for the next four years. If the assets of the credit union currently amount to $2.7 million, what will the forecasted assets be in four years?

Determine the maturity value of $2000 due in 63 months compounding annually at 10%.

Find the future value of and the compound interest on $4575.00 invested at 12.24% compounded monthly for: a)3.5 years b)7 years c)12.5 years

To what future value will a principal of $7100.00 amount in three years at 7.6% p.a. compounded: a)annually b)semi-annually c)quarterly d)monthly

A $8000.00 investment matures in five years, three months. Find the maturity value if interest is 12% p.a. compounded quarterly.

Find the maturity value of a promissory note for $1400.00 dated March 31, 2001, and due on August 31, 2006, if interest is 7.64% compounded quarterly.

Find the compound amount of $5700.00 at 11.2% p.a. for seven years compounded monthly.

An investment of $21 700 is accumulated at 5.24% compounded quarterly for three and one-half years. At that time the interest rate is changed to 6.12% compounded monthly. How much is the investment worth two years after the change in interest rate?

A $5725.00 investment matures in three years, seven months. Find the maturity value if interest is 9.16% p.a. compounded quarterly.

Suppose $4320.00 is invested for five years, eight months at 8.25% compounded annually. What is the compounded amount?

Darcy's parents made a trust deposit of $3500.00 on October 31, 2002, to be withdrawn on Darcy's eighteenth birthday on July 31, 2016. To what will the deposit amount on that date at 13.48% compounded quarterly?

How much will a registered retirement savings deposit of $10 000.00 be worth in 15 years at 6.00% compounded quarterly? How much of the amount is interest?

Determine the maturity value of $5400 due in 91 months compounding annually at 8.75%.

Use the exact method to determine the accumulated value of $3875.00 due in 61 months compounded annually at 9.75% p.a.