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."
equire that
Chapter 5
Question 1

Input area:

Interest rate 8%
Deposit $ 5,000
# of years 10

Output area:

Compound interest $ 10,794.62

Simple interest $ 9,000.00

Difference $ 1,794.62
Chapter 5
Question 2

Input area: Output area:

Present value Years Interest rate Future value

$ 2,250 11 10% $ 6,419.51
8,752 7 8% $ 14,999.39
76,355 14 17% $ 687,764.17
183,796 8 7% $ 315,795.75
Chapter 5
Question 3

Output area: Input area:

Present value Years Interest rate Future value

$ 10,295.65 6 7% $ 15,451
$ 21,914.85 7 13% 51,557
$ 43,516.90 23 14% 886,073
$ 116,631.32 18 9% 550,164
Chapter 5
Question 4

Input area: Output area:

Present value Years Interest rate Future value

$ 240 2 11.24% $ 297
360 10 11.61% 1,080
39,000 15 10.95% 185,382
38,261 30 9.17% 531,618
Chapter 5
Question 5

Input area: Output area:

Present value Years Interest rate Future value

$ 560 9.63 9% $ 1,284
810 17.61 10% 4,341
18,400 19.02 17% 364,518
21,500 14.94 15% 173,439
Chapter 5
Question 6

Input area: Output area:

Present value Years Interest rate Future value

$ 55,000 18 9.68% $ 290,000
Chapter 5
Question 7

Input area: Output area:

Present value Years Interest rate Future value

$ 1.00 10.24 7% $ 2.00
1.00 20.49 7% 4.00
Chapter 5
Question 8

Input area: Output area:

Present value Years Interest rate Future value

$ 200,300 7 6.66% $ 314,600
Chapter 5
Question 9

Input area: Output area:

Present value Years Interest rate Future value

$ 40,000 28.02 5.30% $ 170,000
Chapter 5
Question 10

Output area: Input area:

Present value Years Interest rate Future value

$ 155,893,400.13 20 7.40% $ 650,000,000
Chapter 5
Question 11

Output area: Input area:

Present value Years Interest rate Future value

$ 488.19 80 10% $ 1,000,000
Chapter 5
Question 12

Input area: Output area:

Present value Years Interest rate Future value

$ 50 105 4.50% $ 5,083.71
Chapter 5
Question 13

Input area: Output area:

Present value Years Interest rate Future value

$ 150 112 8.40% $ 1,260,000

Present value Years Interest rate Future value

$ 1,260,000 33 8.40% $ 18,056,409.94
Chapter 5
Question 14

Input area: Output area:

Present value Years Interest rate Future value

$ 1 113 9.90% $ 43,125
Chapter 5
Question 15

Input area: Output area:

Present value Years Interest rate Future value

$ 12,377,500 4 -4.46% $ 10,311,500
Chapter 5
Question 16

Input area: Output area:

Present value Years Interest rate Future value

$ 24,099 30 4.86% $ 100,000
$ 24,099 12 3.93% $ 38,260
$ 38,260 18 5.48% $ 100,000
Chapter 5
Question 17

Output area: Input area:

Present value Years Interest rate Future value

$ 61,303.70 9 12.0% $ 170,000
Chapter 5
Question 18

Input area: Output area:

Present value Years Interest rate Future value

$ 4,000 45 11% $ 438,120.97
$ 4,000 35 11% $ 154,299.40
Chapter 5
Question 19

Input area: Output area:

Present value Years Interest rate Future value

$ 20,000 6 8.40% $32,449.33
Chapter 5
Question 20

Input area: Output area:

Years until CF received 2

Present value Years Interest rate Future value

$ 10,000.00 19.31 11% $ 75,000.00

Years to wait 21.31