20. You are given the following information. Compute X. (Assume annual compounding) PV=$1,000,CF1 =X,CF2 =2X,CF3 =3X,i1 =5%,i2 =6%,i3 =7%. (a) $176.23. (b) $189.81. (c) $180.62.
20. You are given the following information. Compute X. (Assume annual compounding) PV=$1,000,CF1 =X,CF2 =2X,CF3 =3X,i1 =5%,i2 =6%,i3 =7%. (a) $176.23. (b) $189.81. (c) $180.62. (d) $114.08.
21. Susana takes out a $1,000 loan. The loan carries a 10% annual interest rate and it will be amortized with fixed annual payments over a five-year period. What is the fraction of the fixed payment represent the repayment of principal in year 3? (a) 62.0%. (b) 68.2%. (c) 75.13%. (d) 82.52%.
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Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
