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In: Finance
1. An investment will pay $100 at the end of each of the next 3 years,...
1. An investment will pay $100 at the end of each of the next 3 years, $250 at the end of Year 4, $400 at the end of Year 5, and $550 at the end of Year 6. If other investments of equal risk earn 12% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent.
2. You want to buy a car, and a local bank will lend you $35,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 5% with interest paid monthly. What will be the monthly loan payment? What will be the loan's EAR? Do not round intermediate calculations. Round your answer for the monthly loan payment to the nearest cent and for EAR to two decimal places.
Solutions
jeff jeffy answered 1 year agoRelated Solutions
1. An investment will pay $100 at the end of each of the next 3 years,...
1. An investment will pay $100 at the end of each of the next 3
years, $250 at the end of Year 4, $400 at the end of Year 5, and
$550 at the end of Year 6. If other investments of equal risk earn
12% annually, what is its present value? Its future value? Do not
round intermediate calculations. Round your answers to the nearest
cent.
2.You want to buy a car, and a local bank will lend you...
A) An investment will pay $100 at the end of each of the next 3 years,...
A) An investment will pay $100 at the end of each of the next 3
years, $400 at the end of Year 4, $600 at the end of Year 5, and
$800 at the end of Year 6. If other investments of equal risk earn
5% annually, what is its present value? Round your answer to the
nearest cent.
B) What is its future value? Round your answer to the nearest
cent.
An investment will pay $100 at the end of each of the next 3 years, $250...
An investment will pay $100 at the end of each of the next 3
years, $250 at the end of Year 4, $400 at the end of Year 5, and
$600 at the end of Year 6. If other investments of equal risk earn
6% annually, what is its present value? Round your answer to the
nearest cent. $ If other investments of equal risk earn 6%
annually, what is its future value? Round your answer to the
nearest cent.
Investment will pay $100 at the end of each of the next 3 years 200 at...
Investment will pay $100 at the end of each of the
next 3 years 200 at the end of year 4 350 at the end of yearr 5 and
550 at the end of year 6 if other investments of equal risk earn 4%
annually what is its present value Round your answer to the nearest
cents.
An investment will pay you $100 at the end of each of the next 3 years,...
An investment will pay you $100 at the end of each of the next
3 years, $200 at the end of Year 4, $300 at the end of Year 5, and
$500 at the end of Year 6. If the investment earns 8% annually,
what is its future value?
An investment will pay $100 at the end of each of the next 3 years, $250...
An investment will pay $100 at the end of each of the next 3
years, $250 at the end of Year 4, $350 at the end of Year 5, and
$550 at the end of Year 6.
1. If other investments of equal risk earn 10% annually, what is
its present value? Round your answer to the nearest cent.
2. If other investments of equal risk earn 10% annually, what is
its future value? Round your answer to the nearest...
An investment will pay $10 at the end of each of the next 3 years, $40...
An investment will pay $10 at the end of each of the next 3
years, $40 at the end of Year 4, $50 at the end of Year 5, and $60
at the end of Year 6. If other investments of equal risk earn 8%
annually, what is this investment’s future value?
An investment will pay $200 at the end of each of the next 3 years, $400...
An investment will pay $200 at the end of each of the next 3
years, $400 at the end of Year 4, $450 at the end of Year 5, and
$650 at the end of Year 6. If other investments of equal risk earn
11% annually, what is this investment's present value? Its future
value? Do not round intermediate calculations. Round your answers
to the nearest cent.
An investment will pay $50 at the end of each of the next 3 years, $250...
An investment will pay $50 at the end of each of the next 3
years, $250 at the end of Year 4, $350 at the end of Year 5, and
$500 at the end of Year 6. If other investments of equal risk earn
4% annually, what is its present value? Its future value? Do not
round intermediate calculations. Round your answers to the nearest
cent.
Present value: $
Future value: $
An investment will pay $50 at the end of each of the next 3 years, $250...
An investment will pay $50 at the end of each of the next 3
years, $250 at the end of Year 4, $350 at the end of Year 5, and
$500 at the end of Year 6. If other investments of equal risk earn
4% annually, what is its present value? Its future value? Do not
round intermediate calculations. Round your answers to the nearest
cent.
Present value: $
Future value: $
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