1a. Waterway Industries will invest $33000 every January 1st for the next six years (2020 2025). If Waterway will earn 13% on the investment, what amount will be in the investment fund on December 31, 2025?

$274649.

$157236.

$310354.

$131919.

1b. A company issues $15300000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $15037466. Using effective-interest amortization, how much interest expense will be recognized in 2020?

$1503731

$1499400

$749700

$1503855

1c.What interest rate (the nearest percent) must Charlie earn on a $210000 investment today so that he will have $1150000 after 15 years?

12%.

10%.

13%.

11%.

1d.Sheffield Corp. makes an investment today (January 1, 2020). They will receive $24500 every December 31st for the next six years (2020 2025). If Sheffield wants to earn 9% on the investment, what is the most they should invest on January 1, 2020?

$109905.

$200911.

$191664.

$119796.

1e. What would you pay for an investment that pays you $47000 at the beginning of each year for the next ten years? Assume that the relevant interest rate for this type of investment is 10%.

$305270.

$335796.

$288792.

$317674.

1f. Oriole Company is purchasing new equipment with a cash cost of $202800 for the assembly line. The manufacturer has offered to accept $45200 payments at the end of each of the next six years. What is the interest rate that Oriole Company will be paying?

9%.

7%.

10%.

8%.

1g.Steven won a lottery that will pay him $630000 at the end of each of the next twenty years. Blue Spruce has offered to purchase the payment stream for $7849800. What interest rate (to the nearest percent) was used to determine the amount of the payment?

6%.

7%.

8%.

5%.

1h.Waterway Industries will invest $33000 every January 1st for the next six years (2020 2025). If Waterway will earn 13% on the investment, what amount will be in the investment fund on December 31, 2025?

$274649.

$157236.

$310354

$131919.