Financial Management: Core Concepts, Third Edition

Problems

1. Different cash flow . Given the following cash inflow at the end of each year, what is the future value of this cash flow at 6%, 9%, and 15% interest rates at the end of the seventh year?

   Year 1:	$15,000
   Year 2:	$20,000
   Year 3:	$30,000
   Years 4 through 6:	$0
   Year 7:	$150,000

2. Future value of an ordinary annuity . Fill in the missing future values in the following table for an ordinary annuity.

   Number of Payments or Years	Annual Interest Rate	Present Value	Annuity	Future Value
   10	6%	0	$ 250.00
   20	12%	0	$1,387.88
   25	4%	0	$ 600.00
   360	1%	0	$ 572.25

3. Future value . A speculator has purchased land along the southern Oregon ...