Question
6) What is the current value of $7,305 that you pay 6 years from now? The interest rate is 13.16%. Group of answer choices- A)
6) What is the current value of $7,305 that you pay 6 years from now? The interest rate is 13.16%.
Group of answer choices- A) $15,338.32 B) $15,338.32 C) $3,479.07 D) $3,479.07
7)What is the current value of $6,334 that you receive 5 years from now? The interest rate is 14.66%.
Group of answer choices A) $3,196.09 B) $12,552.72 C) $3,196.09 D) $12,552.71
8)What is the current value of $22,236 that you pay 18 years from now? The APR is 13.2%, it compounds monthly.
Group of answer choices A) $2,093.18 B) $2,386.83 C) $2,386.83 D) $2,093.18
9) What is the current value of $43,708 that you receive 26 years from now? The APR is 11.19%, it compounds monthly.
Group of answer choices A) $2,772.37 B) $2,772.37 C) $2,414.79 D) $2,414.79
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