1.

Their future value S in 5 years will be as follow : S = P (1 + r)^n

Substituting at 6% : S = $50.000 (1 + 6/100)^5
= $66.911, 27
Substituting at 12% : S = $50.000 (1 + 12/100)^5
= $88.117, 08
2. The present value of that amount : P = S ÷ 1/(1 + r)^n
P = $249.600 ÷ 1/(1 + 6/100)^12
P = $249.600 ÷ 0,497
= $124.051,20
3. Amount to be invested = $249.600 ÷ 16,87
= $14.795,49
4. Future value of investment = $4800 ÷ 9,214
= $44.227,20
5. Amount withdrawn each year = $400.000 ÷ 5,582
= $71.658,90
6. The present value of an annuity for 6 years at 4% and at 6%
4% : $48.000 x 5,242 = $251.616
6% : $48.000 x 4,917 = $236.016
Nomor 7 :
Year PV Factor at Cash PV of Cash Cash PV of Cash
6% Inflows (A) Inflows (A) Inflows (B) Inflows (B)
1. 0,943 $2000 $1886 $3000 $2829
2. 0.890 $3000 $2670 $5000 $4450
3. 0.840 $4000 $3360 $9000 $7560
4. 0.792 $7000 $5544 $5000 $3960
5. 0.747 $9000 $6723 $3000 $2241
$20.183 $21.040