15. Find the future value at the end of 6 years of $300 invested tod value at the end of 6 years of $300 invested today at an interest rate of 2 per cond a $310.42 b. $318.8 C$328.96 d. $337-85 the interest rate, the the present value. 16. For a given period, the a. higher, bigger o not sure lower, bigger d. lower, smaller 17. It takes about how many years for your 122 many years for your initial $1,500 Investment to get double if annual compound interest CS w you to double your money in 6 years You have $10.00 18. Suppose you are offered an investment that willow you to double your money in invest. What is the implied tate of interest 12.259 b. 13.5% 112556 1596 19. Mike just decided to save money each year for the next four years to help find a new property. It can on its savings, what does the savings worth today (NPV)? End of Amount year Saved. $ 15,000 $ 20,000 3 S 25.000 4 $ 30,000 a $69.439 b. $72.288 c. $83,569 d. 595,365 20. You are approved with a student loan for the 4-year college education to cover tuition $12.500 per semester est charge for this commercial student loan is APR 696. How much is your debt at the time when you graduate from college after 4 years? S100,000 b. S108.250 S114.489 d S125,323 at an interest rate of 2 per cent 15. Find the future value at the end of 6 years of $300 invested toda a $310.42 b. $318.8 c. $328.96 d. $337.85 to get double if annual compound interest rate is 16. For a given period, the n the interest rate, the n the present value. est rate, the a. higher bigger b. not sure c. lower, bigger d lower, smaller It takes about how many years for your initial S1.500 investment to get double if annual com 12%? La 6 b. 08 de 9 18. Suppose you are offered an investment that will allow you to double colcrcd an investment that will allow you to double your money in 6 years. You have invest. What is the implied rate of interest? 1. 12.25% b. 13.594 c. 11.7594 d. 15% com 19. Mike just decided to save money cach year for the next four years to help fund a new property. on its savings, what does the savings worth today (NPV) End of Amount 1 Saved: $ 15,000 $ 20.000 $ 25,000 $ 30.000 a $69,439 b. $72,288 G. $83,569 d. $95,365 20. You are approved with a student loan for the 4-year college education to cover tuition $12,500 per semeste interest charge for this commercial student loan is APR 6%. How much is your debt at the time when you graduate from college after 4 years? $100,000 b. $108.250 . $14.489 d. $125,323
