In: Finance

# Mr. Pitkin bought a farm and promised to pay $6825 in 6 years with 7% simple... Mr. Pitkin bought a farm and promised to pay$6825 in 6 years with 7% simple interest and $10925 in 14 years with 10.75% simple interest. Later, Mr. Pitkin met with the lender requesting to pay$6875 at the end of 4 years and to make a final payment at the end of 11 years. Based on a simple interest rate of 17.5%, determine the amount required to settle the debt at the end of 11 years.
##### You are promised to triple your investment in 7 years. What rateof interest per year...
You are promised to triple your investment in 7 years. What rate of interest per year are you being promised?Group of answer choices18.23%Need more information16.99%14.38%
Tina bought an investment that will pay her $4 million in 10 years. What is the present value of her investment if it earns 12% compounded monthly? ##### If a lender makes a simple loan of ​$400 for 2 years and charges 7​%, then...
If a lender makes a simple loan of ​$400 for 2 years and charges 7​%, then the amount that the lender receive at maturity is ​$ nothing. ​(Round your response to the nearest two decimal​ place)
##### 7. The simple interest on a $2,000 loan at 6% per year amounted to$720. At...
7. The simple interest on a $2,000 loan at 6% per year amounted to$720. At what time (t) did the loan mature?
##### It has been exactly 6 years since Alan bought his house for $375,000. Six years ago,... It has been exactly 6 years since Alan bought his house for$375,000. Six years ago, he paid $75,000 as a down payment and took out a 35-year mortgage for the remaining amount with monthly payments and a quoted APR of 5.5% (with semi-annual compounding). Today, Alan has received a promotion to a higher paying managerial position at his firm. He has decided to pay part of his mortgage in order to reduce his monthly payments. Alan has already made... ##### It has been exactly 6 years since Alan bought his house for$375,000. Six years ago,...
It has been exactly 6 years since Alan bought his house for $375,000. Six years ago, he paid$75,000 as a down payment and took out a 35-year mortgage for the remaining amount with monthly payments and a quoted APR of 5.5% (with semi-annual compounding). Today, Alan has received a promotion to a higher paying managerial position at his firm. He has decided to pay part of his mortgage in order to reduce his monthly payments. Alan has already made...
##### Today, you invest $3,000 in an investment that will pay$6,000 in 7 years. What is...
Today, you invest $3,000 in an investment that will pay$6,000 in 7 years. What is the implied rate of interest?
##### In 1815, The British Government issued a consol. If we assume the consol promised to pay...
In 1815, The British Government issued a consol. If we assume the consol promised to pay $25 per year in perpetuity. What would the consol be worth if the discount rate is 5%?$100 $500$1,000 \$2,000 Two stocks can be combined to form a riskless portfolio if the correlation of -1.0. Risk is not reduced at all if the two stocks have correlation of +1.0. In general, stocks have correlation less than 1.0, so the risk is lowered but...