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01. If you decide to deposit $5000 in each year for 10 years and bank offer 10% annual compound interest rate, what is the current
01. If you decide to deposit $5000 in each year for 10 years and bank offer 10% annual compound interest rate, what is the current value of your money? B) $23,870 C) $32,953 A) $30.722 D) $33.754 Q2. Considering the question 1, what is the value of your money in year 10? A) $77.352 B) S79.687 C) 567.465 D) $73.592 Q3. Suppose you want to borrow $40,000 for a new car. You can borrow at 8% per year, compounded monthly. If you take a 5-year loan, what is your monthly payment? C) 5796 D) 5684 A) $778 B) $697 04. You are saving for a new house and you put $10,000 per year in an account paying 8%. The first payment is made today. How much will you have at the end of 3 years? C) S63.452 D) $63.359 A) S66.326 B) $65.593 QS. Suppose you buy a preferred stock by 50$ and you receive 28 dividends forever. What is the rate of return of this investment? D) 6%. C)3% A) 4% B) 5
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