Lakeesha Dobry buys a house with equity value of $13,520.00 every quarter for 21 years. How much is this investment worth at the end of 21 years? Assume an interest rate of 2.00%. a. $348,590.45 Ob. $1,407,079.50 Oc. $229,991.55 Od. $925,485.13
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- kwaku invested in ABC Itd. He is expecting $500 at the end of each year for the next five years. what is present value of his investment if interest rate is 30%. • A. $1297 О B. $1218 C. $1276 O D. $1926Assume Sheryl Jenkins wants to accumulate $ 12,485.35 in two years. She currently has $ 10,809.59 to invest. What interest rate must she earn on her investment (that is, if she deposits $ 10,809.59 today) to have $ 12,485.35 exactly two years from today?Suppose you inherited $935,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 20 years? Select the correct answer. a. $89,592.14 b. $89,616.94 c. $89,641.74 d. $89,629.34 e. $89,604.54
- Your father paid $10,000 (CF at t = o) for an investment that promises to pay $575 at the end of each of the next 5 years, then an additional lump sum payment of $13,500 at the end of the 5th year. What is the expected rate of return on this investment? O a. 5.75% Ob. 4.26% O c. 10.37% O d. 11.33% Oe. 11.95%Suppose you inherited $175,000 and invested it at 8.55% per year. How much could you withdraw at the end of each of the next 20 years? a. $3,597.30 b. $18,949.32 c. $17.097.93 d. $18,559.80 e. $14,962.50Mike Gordon wishes to have $80,000 in five years. If he can earn annual interest of 2%, how much must he invest today? a. $42,170 b. $72,480 c. $76,080 d. $88,320
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- Albert made investments of $1000 each for two years. The first one at an interest of 4.8% compounded monthly and the second at 4.9% compounded annually. Calculate the total value of his investment in two years. Select one: A. $2100.55 B. $2000 C. $2200.95 D. $1100.55 E. $1100.40A family buys a house worth $326,000. They pay a $75,000 deposit and take a mortgage for the balance at J12=9% p.a. to be amortized over 30 years with monthly payments. Find the value of the mortgage on their house? Find the value of the monthly payment? Find the loan outstanding after making 20 payments? Find the principal repaid in the 21st payment?Trent McDuffie plans on investing $50,000 every year for the next 11 years in an account that pays an interest rate of 5.50 percent compounded monthly. How much money will Trent have in 11 years? Multiple Choice $550,000.00 $729,174.91 $734,580.90 $753,384.30