Finance assignment

1. The future value of an annuity is typically used when analyzing

[removed] retirement plans.


[removed] alternative capital budgeting proposals.


[removed] the price of common stock.


[removed] loan amortization schedules.

2. Under which of the following discounting methods will the present value of an investment be the highest, assuming the same annual interest rate?

[removed] Yearly.


[removed] Continuous.


[removed] Quarterly.


[removed] Monthly.

3. What is the value of this 20 year lease? The first payment, due one year from today is $2,000 and each annual payment will increase by 4%. The discount rate used to evaluate similar leases is 9%. (Round to the nearest dollar.)

[removed] $ 39,856


[removed] $ 40,000


[removed] $ 68,000


[removed] $ 24,361

4. Time to attain goal: Elegant Designers have generated sales of $625,000 for the current year. If they can grow their sales at a rate of 12 percent every year, how long will they take to triple their sales? (Round off to the nearest year.)


[removed] 9 years


[removed] 10 years


[removed] 8 years



[removed] 7 years
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