Answered step by step
Verified Expert Solution
Question
1 Approved Answer
10. How much would $1. growing at 3.5% per year, be worth after 75 years? a) $12.12 b) $12.60 c) $13.20 d) $14.55 e) None
10. How much would $1. growing at 3.5% per year, be worth after 75 years? a) $12.12 b) $12.60 c) $13.20 d) $14.55 e) None of the above 11. Suppose you need $1.000 ten years from now to settle your university education fees. If the interest rate is 5.5%, how much should you deposit today in the bank? a) $585.43 Ob) $614.70 Oc) S645.44 O d) $677.71 e) None of the above 12. Suppose you have the opportunity to make an investment in a real estate venture that expects to pay investors $7.500 at the end of each year for the next eight years. If the interest rate is 8% compounded annually find the future value of the payments after eight years. a) $76,555 b) $79,775 b c) $81.253 c d) $82.325 ) O e None of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started