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9 (1 point) The difference between an annuity and a perpetuity is that an annuity ends after some __________ number of payments. Question 9 options:
9 (1 point) The difference between an annuity and a perpetuity is that an annuity ends after some __________ number of payments. Question 9 options: Fixed Variable None of the above Question 10 (1 point) An annuity is a stream of n equal cash flows paid at regular intervals. Question 10 options: True False Question 11 (1 point) The difference between an annuity and a perpetuity is that an annuity ends after some fixed number of payments. Question 11 options: True False Question 12 (1 point) Anya finally decides that she will give her cousin, Zen, the loan he requested. He is expected to pay Anya $12,500 each year for the next 5 years, starting at the end of this year. The loan interest rate at the bank is 5% but because he is family, she will only charge him half of this interest rate. What is the current value of this loan today? Question 12 options: $50,872.68 $62,500 $58,072.86 None of the above Question 13 (1 point) Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $4000 per year. If he can get a five-year loan with an interest rate of 7.5%, what is the maximum price he can pay for the car? Question 13 options: $20,000 $4,000 $16,183.54 $16,813.45 Question 14 (1 point) Matthew wants to take out a loan to buy a car. He calculates that he can make repayments of $4000 per year. If he can get a five-year loan with an interest rate of 7.5%, what is the maximum price he can pay for the car
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