Lecture Notes on Time Value of Money

Find the value of $10,000 today at the end of 10 periods at 5% per period. 1. Scientific Calculator: ... What is the balance of the loan? [Hint: Assume 30 days per month.] a $62,993 b $76,949 c $62,576 d $82,228 e $84,825 15. The present value interest factor of an annual ordinary annuity for 3 years at 8% equals: a. 1/(1.08)3. b. 1/(1.24) c. [1 + 1/(1.08) + 1/(1.08)2] d. [1/(1.08) + 1/(1.08)2 ... ................
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