University of Phoenix FIN 370 Week 1 Problem Sets with Answers


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FIN 370 Finance For Business Week 1 Question and Problem Sets Answers

Ch. 5: Questions 3 & 4 (Question and Problems section): Microsoft® Excel® templates provided for Problems 3 and 4

3. Calculating Present Values [LO2] For each of the following, compute the present value: 


4. Calculating Interest Rates [LO3] Solve for the unknown interest rate in each of the following:


Ch. 6: Questions 2 & 20 (Questions and Problems section)

2. Present Value and Multiple Cash Flows [LO1] Investment X offers to pay you $4,700 per year for eight years, whereas Investment Y offers to pay you $6,700 per year for five years. Which of these cash flow streams has the higher present value if the discount rate is 5 percent? If the discount rate is 15 percent?