Future Value Table

Solve problems by using the Future Value and Present Value tables and show your solution process step by step including the formulas. You won’t get any credit, if you simply give the answer to the problem. Please email your assignment to me using YourName_Assignment 1 as the subject. Thanks!

Future Value Table

Present Value Table
You deposit $2000 today at 6% interest. How much will you have in 5 years?
You invest $5,000 today. You will earn 8% interest. How much will you have in 4 years?
You have $450,000 to invest. If you think you can earn 7%, how much could you accumulate in 10 years?
If a commodity costs $500 now and inflation is expected to go up at the rate of 10% per year, how much will the commodity cost in 5 years?
How much would you have to deposit now to have $15,000 in 8 years if interest is 7%?
If you want to have $10,000 in 3 years and you can earn 8%, how much would you have to deposit today?
If you think you can sell an asset for $25,000 in five years and you think the appropriate discount rate is 5%, how much would you be willing to pay for the asset today?

Sample Solution

This act allowed the United States to help foreign countries with any arms or other military needs without having to pay or go into battle.
The main goal was to help defend other countries that would also defend themselves. As the US continued to support and provide Britain with arms, the British stayed in the war until the US was eventually pulled into the war as well.

Neutrality Acts

To keep the US out of the war, these neutrality acts were passed, stating that the US couldn’t provide anything war-related to disputing nations. These laws were passed in 1936-1937 by Congress, in which American citizens were in favor of.

Ever since WWI, Americans were leaning towards keeping themselves out of any disputes or conflicts between other nations. President Roosevelt himself was encouraging other nations to maintain peace and to negotiate out their desires for the future.

Allies

The Allies won the support of many, however, Hitler felt threatened by the US if they were to ever become involved in the war.
Americans were put in a tight position when they didn’t want to become involved in the war yet wanted to help the British and French. The neutrality acts prevented the US from assisting the allies. Not much longer, the Japanese bombed Pearl Harbor (pictured left) where over 3,500 Americans were injured or dead. Roosevelt finally decided it was time for the US to join the Allies and fight the war.

Axis Powers

Consisting of Italy and Germany, the Axis Powers worked together to conquer Vichy France. Hitler’s goal was to conquer Britain, one of the Allied powers, but he knew his army was no match for the British.

He attempted to take the war to the air where he set up bases for planes. His plan ultimately backfired when the British utilized fighter pilots from the Royal Air Force. After several more failed attacks by Germany, the Allies began to see hope in stopping Hitler.

Executive Order 9066

Japanese Americans were strongly discriminated for several reasons. For one, they looked nothing like Americans and they isolated themselves from the American culture. Most of them resided on the Pacific Coast, which was where most were afraid of an invasion by the Japanese. Americans became skeptical about whether these Japanese Americans were loyal to their race or country.

Roosevelt then passed Executive Order 9066, which stated that internment camps (left) were allowed in order to keep possible threats in their place. This led to evacuations of many Japanese people on the West Coast.

Korematsu v. The United States

Even though there were some Japanese Americans who were born in American and had US citizenship, they were still discriminated against. A Japanese American named Fred Korematsu didn’t want to split with his non-Japanese girlfriend simply because he was Japanese, so he was eventually arrested and

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