Question
1. An investment will pay you $4,222 in 1 years if you pay $1,465 today. What is the implied rate of return? (Answer as a
1. An investment will pay you $4,222 in 1 years if you pay $1,465 today. What is the implied rate of return? (Answer as a percent. Enter only numbers and decimals in your response. Round to 2 decimal places.
2.You are buying an investment property for $368,404 today. Through research, you have determined that the value of the property is likely to grow at a rate of 6.46% per year, on average. How long until the value of the property grows to $524,296?
3. An investment will pay $17,476 in 14 years. If the interest rate is 10.07%, how much is it worth today? (Round to 2 decimal places.)
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