Question 1 Find the following present and future values:
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a. An initial £ 500 compounded for 1 year at 6 percent.
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c. The present value of £ 500 due in 1 year at a discount rate of 6 percent.
d. The present value of £ 500 due in 2 years at a discount rate of 6 percent.
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Question 2 Suppose John deposits £ 10,000 in a bank account that pays 10 percent interest annually. How much money will be in his account after 5 years?
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Question 3 What is the present value of a security that promises to pay you £ 5,000 in 20 years? Assume that you can earn 7 percent if you were to invest in other securities of equal risk?
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Question 4 If you deposit money today into an account that pays 6.5 percent interest, how long will it take for you to double your money
question 5
Your broker offers to sell a note for £ 13250 that will pay £ 2345.05 per year for 10 years. If you buy the note, what rate of interest will you be earning? Calculate to the closest percentage
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