You have $20,000 of credit card debt with a rate of interest of 14%. How long would it take to pay it off, if you make monthly payments of $285.10 and if you never use the card again? 147 months 150 months 152 months 154 months. Question 19 1 pts Based on the correct answer to the previous question, how much total interest would you have paid? $24,048.11 $ 17,054.70 $25,050.70 $21,909.70. Question 20 1 pts A zero-coupon bond matures at the end of 30 years when it will pay $1,000. How much would the bond sell for today if the market rate of interest (yield to maturity) is 5.5% ? $151.19 $361 $275 $200.64.
You have $20,000 of credit card debt with a rate of interest of 14%. How long would it take to pay it off, if you make monthly payments of $285.10 and if you never use the card again? 147 months 150 months 152 months 154 months. Question 19 1 pts Based on the correct answer to the previous question, how much total interest would you have paid? $24,048.11 $ 17,054.70 $25,050.70 $21,909.70. Question 20 1 pts A zero-coupon bond matures at the end of 30 years when it will pay $1,000. How much would the bond sell for today if the market rate of interest (yield to maturity) is 5.5% ? $151.19 $361 $275 $200.64.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:You have $20,000 of credit card debt with a rate of
interest of 14%. How long would it take to pay it off, if
you make monthly payments of $285.10 and if you
never use the card again? 147 months 150 months 152
months 154 months. Question 19 1 pts Based on the
correct answer to the previous question, how much
total interest would you have paid? $24,048.11 $
17,054.70 $25,050.70 $21,909.70. Question 20 1 pts A
zero-coupon bond matures at the end of 30 years
when it will pay $1,000. How much would the bond
sell for today if the market rate of interest (yield to
maturity) is 5.5% ? $151.19 $361 $275 $200.64.
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