Chapter 5

Problems 1-20
Input boxes in tan Output boxes in yellow Given data in blue Calculations in red Answers in green NOTE: Some functions used in these spreadsheets may require that the "Analysis ToolPak" or "Solver Add-In" be installed in Excel. To install these, click on the Office button then "Excel Options," "Add-Ins" and select "Go." Check "Analyis ToolPak" and "Solver Add-In," then click "OK."

require that

Chapter 5
Question 1 Input area:

Interest rate Deposit # of years

8% 5,000 10

Output area:

Compound interest $ 10,794.62 Simple interest Difference $ $ 9,000.00 1,794.62

Chapter 5
Question 2 Input area: Output area:

Present value $ 2,250 8,752 76,355 183,796

Years Interest rate Future value 11 10% $ 6,419.51 7 8% $ 14,999.39 14 17% $ 687,764.17 8 7% $ 315,795.75

Chapter 5
Question 3 Output area: Input area:

$ $ $ $

Present value 10,295.65 21,914.85 43,516.90 116,631.32

Years 6 7 23 18

Interest rate Future value 7% $ 15,451 13% 51,557 14% 886,073 9% 550,164

Chapter 5
Question 4 Input area: Output area:

Present value $ 240 360 39,000 38,261

Years 2 10 15 30

Interest rate Future value 11.24% $ 297 11.61% 1,080 10.95% 185,382 9.17% 531,618

Chapter 5
Question 5 Input area: Output area:

Present value $ 560 810 18,400 21,500

Years Interest rate Future value 9.63 9% $ 1,284 17.61 10% 4,341 19.02 17% 364,518 14.94 15% 173,439

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Question 6 Input area: Output area:

Present value $ 55,000

Years Interest rate Future value 18 9.68% $ 290,000

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Question 7 Input area: Output area:

Present value $ 1.00 1.00

Years Interest rate Future value 10.24 7% $ 2.00 20.49 7% 4.00

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Question 8 Input area: Output area:

Present value $ 200,300

Years

Interest rate Future value 7 6.66% $ 314,600

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Question 9 Input area: Output area:

Present value $ 40,000

Years Interest rate Future value 28.02 5.30% $ 170,000

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Question 10 Output area: Input area:

Present value $ 155,893,400.13

Years Interest rate Future value 20 7.40% $ 650,000,000

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Question 11 Output area: Input area:

Present value $ 488.19

Years Interest rate Future value 80 10% $ 1,000,000

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Question 12 Input area: Output area:

Present value $ 50

Years Interest rate Future value 105 4.50% $ 5,083.71

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Question 13 Input area: Output area:

Present value $ 150

Years Interest rate Future value 112 8.40% $ 1,260,000

Present value $ 1,260,000

Years Interest rate Future value 33 8.40% $ 18,056,409.94

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Question 14 Input area: Output area:

Present value $ 1

Years Interest rate Future value 113 9.90% $ 43,125

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Question 15 Input area: Output area:

Present value $ 12,377,500

Years 4

Interest rate Future value -4.46% $ 10,311,500

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Question 16 Input area: Output area:

Present value $ 24,099 $ 24,099 $ 38,260

Years Interest rate 30 4.86% 12 3.93% 18 5.48%

Future value $ 100,000 $ 38,260 $ 100,000

Chapter 5
Question 17 Output area: Input area:

Present value $ 61,303.70

Years

Interest rate Future value 9 12.0% $ 170,000

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Question 18 Input area: Output area:

Present value $ 4,000 $ 4,000

Years Interest rate Future value 45 11% $ 438,120.97 35 11% $ 154,299.40

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Question 19 Input area: Output area:

Present value $ 20,000

Years

Interest rate Future value 6 8.40% $32,449.33

Chapter 5
Question 20 Input area: Output area:

Years until CF received Present value 10,000.00 Years to wait

2 Years Interest rate Future value 19.31 11% $ 75,000.00 21.31