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University of Mindanao- Digos College University of Mindanao- Digos College

PRACTICE SET PRACTICE SET


BE 313- Managerial Economics BE 313- Managerial Economics

1. How much must you deposit today in a bank account paying 1. How much must you deposit today in a bank account paying
interest compounded monthly: interest compounded monthly:

a. if you wish to have: $10,000 at the end of 1 months, if the bank a. if you wish to have: $10,000 at the end of 1 months, if the bank
pays 5.0% APR ? pays 5.0% APR ?
b. if you wish to have: £6,000 at the end of 6 months, if the bank b. if you wish to have: £6,000 at the end of 6 months, if the bank
pays 9.0% APR ? pays 9.0% APR ?
c. if you wish to have: $12,000 at the end of 12 months, if the c. if you wish to have: $12,000 at the end of 12 months, if the
bank pays 6.0% APR ? bank pays 6.0% APR ?

2. If interest is compounded quarterly, how much will you have in a 2. If interest is compounded quarterly, how much will you have in a
bank account: bank account:

a. if you deposit today £8,000 at the end of 3 months, if the bank a. if you deposit today £8,000 at the end of 3 months, if the bank
pays 5.0% APR ? pays 5.0% APR ?
b. if you deposit today $10,000 at the end of 6 months, if the b. if you deposit today $10,000 at the end of 6 months, if the
bank pays 9.0% APR ? bank pays 9.0% APR ?
c. if you deposit today ¥80,000 at the end of 12 months, if the c. if you deposit today ¥80,000 at the end of 12 months, if the
bank pays 8.0% APR ? bank pays 8.0% APR ?
d. if you deposit today $5,000 at the end of 24 months, if the d. if you deposit today $5,000 at the end of 24 months, if the
bank pays 5.0% APR ? bank pays 5.0% APR ?

3. What is the present value of a stream of $2,500 semiannual 3. What is the present value of a stream of $2,500 semiannual
payments received at the end of each period for the next 10 years? payments received at the end of each period for the next 10 years?
The APR is 6%. The APR is 6%.

4. What is the future value in 10 years of $1,500 payments received 4. What is the future value in 10 years of $1,500 payments received
at the end of each year for the next 10 years? Assume an interest at the end of each year for the next 10 years? Assume an interest
rate of 8%. rate of 8%.

5. Your mortgage payment is $755 per month. It is a 30-year 5. Your mortgage payment is $755 per month. It is a 30-year
mortgage at 9.0% compounded monthly. How much did you mortgage at 9.0% compounded monthly. How much did you
borrow? borrow?

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