There are 7 questions for this homework assignment, ALL 7 question need to be answered. PLEASE…NO Plagerisim!

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There are three (3) types of textbook based homework items located at the end of each chapter. These

include Discussion Questions (DQ), Exercises (E), and Problems (P). Some homework items have been

custom created.

Complete the following from the textbook:

?Chapter 9: P6, P9, P10, P11, P12, P13, P15

6 Determine the present values if $5,000 is received in the future (i.e., at the end of each indicated time

period) in each of the following situations:a.5 percent for ten yearsb.7 percent for seven yearsc.9

percent for four years

9 Assume you are planning to invest $5,000 each year for six years and will earn 10 percent per year.

Determine the future value of this annuity if your first $5,000 is invested at the end of the first year.

10 Determine the present value now of an investment of $3,000 made one year from now and an

additional $3,000 made two years from now if the annual discount rate is 4 percent.

11 What is the present value of a loan that calls for the payment of $500 per year for six years if the

discount rate is 10 percent and the first payment will be made one year from now? How would your

answer change if the $500 per year occurred for ten years?

12 Determine the annual payment on a $500,000, 12 percent business loan from a commercial bank

that is to be amortized over a five-year period.

13 Determine the annual payment on a $15,000 loan that is to be amortized over a four-year period and

carries a 10 percent interest rate. Also prepare a loan amortization schedule for this loan.

15 Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000

at the end of the loan’s eight-year life.

a. At what amount could this loan be sold for to another bank if loans of similar quality carried an

8.5 percent interest rate? That is, what would be the present value of this loan?

b. Now, if interest rates on other similar-quality loans are 10 percent, what would be the present

value of this loan?

c. What would be the present value of the loan if the interest rate is 8 percent on similar-quality

loans?

…

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