New-York-NY-McGraw-Hill-Education-business-and-finance-homework-help
250 words per question, APA formatting with 2 sources and in text citations. One source can be the text book
Kapoor, J. R., Dlabay, L. R., Hughes, R. J., & Hart, M. M. (2015). Personal finance (11th ed.). New York, NY: McGraw-Hill Education.
1. Why does money have a “time value�
2. There is a saying that “time is moneyâ€. What is meant by that? How is this the same – or different – than the idea of the time value of money?
3. Find the future value of $5,000 invested in each of the following situations:
a. 5 percent for 10 years
b. 7 percent for 7 years
c. 9 percent for 4 years
4. What is the present value of $5,000 to be received in each of the following situations:
a. at end of 10 years with a 5% discount rate.
b. at the end of 7 years when the appropriate interest rate is 7%.
c. at the end of 9 years using an interest rate of 9%.
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