Using Tables to Solve Time Value Problems

The following excercise should aid in using tables to solve present value problems. Please answer the questions below and proceed by clicking the Check My Answers button located at the bottom of the page.

1.	You borrow $50,000 and will make monthly payments for 2 years at 12% interest. How much will those payments be?
			$2,354
			$29,584
			$3,984
			None of the above
2.	You invest $8,000 at 6% interest, which will be compounded semiannually. How much will you have in three years?
			$9,528
			$9,552
			$11,348
			None of the above

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