## Questions with Answer in Excel Sheet

May 9, 2014

- How long does it take for the following to happen? $450 grows into $725.50 at 12% compounded monthly.
- How long does it take for the following to happen? $5,000 grows into $6724.44 at 10% compounded quarterly.
- How long does it take for the following to happen? $856 grows into $1,122 at 7%.
- Find out present value when interest rate is 18%. Effective interest rate is 19.56% and future value is $10,000 and time period is 3 years.
- The Lexington Property Development Company has a $10,000 note receivable from a customer due in three years. How much is the note worth today if the interest rate is 7% compounded continuously?
- The Lexington Property Development Company has a $10,000 note receivable from a customer due in three years. How much is the note worth today if the interest rate is 9%?
- What interest rates are implied by the following lending arrangements? You borrow $500 and repay $555 in one year?
- What interest rates are implied by the following lending arrangements? You lend $750 and are repaid $1,114.46 in five years with quarterly compounding.
- What will a deposit of $4,500 left in the bank be worth under the following conditions: Left for five years at 8% compounded quarterly?
- What will a deposit of $4,500 left in the bank be worth under the following conditions: Left for six years at 10% compounded semiannually?

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