Hello I am in Healthcare Accounting and finance at Polk State College,
I am confused on the following
questions and would appreciate your help to understand them.
#16- If a nurse deposits $24,000 today in a mutual fund that is expected to grow at an annual rate of 8%, what will be the value of this investment
a. Three years from now
b. Six years from now
c. Nine years from now
d. Twelve years from now
#20 The chief financial officer of a home health agency needs to determine the present value of a $120,000 investment received at the end of year 20. What is the present value if the discount rate is
a. 4 percent
b. 6 percent
c. 8 percent
d. 10 percent
#23 After completing her residency, an obstetrician plans to invest $25,000 per year at the end of each year into a low risk retirement account. She expects to earn 5% for thirty five years. What will her retirement account be worth at the end of those thirty five years?
#27 If uptown clinic invested $3,000 in excess cash today, what would be the value of its investment at the end of the three years:
a. at 16% annual rate compounded semiannually
b. at 16% annual rate compounded quarterly
#28 If Summit Hospital invested $10,000 in excess cash today, what would be the value of its investment at the end of the three years:
a. At an 8% annual rate compounded semiannually?
b. At an 8% annual rate compounded quarterly?