An investment, which is worth 15,000 dollars and has an expected return of 3.28 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected in 1 year from today and the last annual cash flow is expected in 9 years from today. What is the present value of the annual cash flow that is expected in 3 years from today? Number An investment, which is worth 295,053 dollars and has an expected return of 8.17 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected later today and the last annual cash flow is expected in 10 years from today. What is the present value of the annual cash flow that is expected in 8 years from today? Number Jenny is buying a town house priced at $275,000. Mortgage A calls for her to make equal monthly payments for 15 years at a monthly interest rate of 0.80% with her first payment due in 1 month. However, her loan officer has offered her a new opportunity involving equal monthly payments for 20 years at a monthly interest rate of 0.75% with her first payment due later today. By how much would switching from mortgage A to the new opportunity reduce the amount of Jenny's monthly loan payment? Number Fatima wants to buy a boat that is available at two dealerships. The price of the boat is the same at both dealerships. Middlefield Motors would let her make quarterly payments of 2,610 dollars for 12 years at a quarterly interest rate of 1.98 percent. Her first payment to Middlefield Motors would be due in 3 months. If Fairfax Boats would let her make equal monthly payments for 3 years at a monthly interest rate of 1.05 percent and if her first payment to Fairfax Boats would be today, then how much would each monthly payment to Fairfax Boats be? Number Lola just borrowed 98,907 dollars. She plans to repay this loan by making a special payment of 10,550 dollars in 5 years and by making regular annual payments of 15,883 dollars per year until the loan is paid off. If the interest rate on the loan is 10.22 percent per year and she makes her first regular annual payment of 15,883 dollars immediately, then how many regular annual payments of 15,883 dollars must Lola make? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00). Number Allysha just borrowed 45,000 dollars. She plans to repay this loan by making a special payment of 7,900 dollars in 3 years and by making regular annual payments of 7,600 dollars per year until the loan is paid off. If the interest rate on the loan is 5.18 percent per year and she makes her first regular annual payment of 7,600 dollars in one year, then how many regular annual payments of 7,600 dollars must Allysha make? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00). Number
