18.If you want to review a project from a benefit per unit of cost perspective, you should use the _____ method of analysis.

Select one:

a.net present value

b.internal rate of return

c.present value index

d.payback

e.average accounting return

16.Today, you signed loan papers agreeing to borrow $4,954.85 at 9 percent per year. What is the amount of each monthly loan repayment if you wish to repay the loan in 40 months?

Select one:

a.$146.87

b.$143.84

c.$135.76

d.$127.98

e.$140.38

15.Your local travel agent is advertising an extravagant global vacation. The package deal requires that you pay $5,000 today, $15,000 one (1) year from today, and a final payment of $25,000 on the day you leave two (2) years from today. What is the cost of this vacation in today's dollars if the discount rate is 6 percent?

Select one:

a.$46,518.00

b.$44,414.14

c.$39,057.41

d.$41,400.85

e.$43,082.39

14.One (1) year ago, you deposited $3,600 in an investment account for the purpose of buying new equipment four (4) years from today. Today, you are adding another $5,000 to this account. You plan on making a final deposit of $7,500 to the account next year. How much will be available when you are ready to buy the equipment, assuming you earn a 7 percent rate of return?

Select one:

a.$18,159.65

b.$19,683.25

c.$20,790.99

d.$19,430.84

e. $20,194.54

9.A company has a 6 percent coupon bond that matures in 11 years. The bond pays interest semiannually. What is the market price of a $100 face value bond if the yield to maturity is 12.9 percent?

Select one:

a.$60.03

b.$58.09

c.$43.46

d.$60.59

e.$94.79

8.You would like to give your daughter $40,000 towards her college education thirteen (13) years from now. How much money must you set aside today for this purpose if you can earn 6.3 percent per year on your funds?

Select one:

a.$17,989.28

b.$18,077.05

c.$17,750.00

d.$18,395.00

e.$18,213.69