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answer all please 34, Krammer Bank offers a CD (te, certificate of depost) that pays 533% pa, but with monthly compounding If Lebron deposits $250,000
answer all please
34, Krammer Bank offers a CD (te, certificate of depost) that pays 533% pa, but with monthly compounding If Lebron deposits $250,000 wito this account today, how much will he have in his account in exactly 18 years? 35. If the real rate of interest is 2.6% and if the expected inflation rate is 93%, what is the present value of $50,000 to be received exactly 8 years from today? 36. Arjun plans to reture on his 65 th birthday. However, he plans to work part-time untal he turns 72. During these years of part-fume work, he will neither make deposits to nor take withdrawals from his retirement account. Arjun will fully retire on his 72nd burthday. Assuming that Arjun can earn 7.8% p. on all money invested in his returement account, what anmual amount, starting on his 34 th birthday, will Argon have to save in order to have $2,500,000 in bis account on his 72nd birthday? 37. With continuous compounding at 4.25%p a for 20 years, what is the future value exactly 20 years from today of a $120,000 initial investment (deposited today)? 38. For $125,000 Laura Croft can purchase a 15-year ordinary annuity which will pay ber a yearly payment of $18,495.00 for 15 years. What is the annual interest rate implicit in this investment? Round your answer to the nearest tenth (for example, record 0.4325 as 43.3%-but do not include the percent sizn in a College). 39. Nathan Drake is considering borrowng $100,000 for 30 years at a compound annual interest rate of 13675% p a. The loan agreement calls for 30 equal annual payments, to be paid at the end of each of the next 30 years (payments include both principal and interest) What is the anmal pament that will fully amortize Nathan's loan? 40. Cloud Strife is going to deposit $652,000 into a certuficate of deposat (CD) at a 3492% annual rate (compounded annually) with a maturity of 57 months. How much money will Cloud receive when the CD matures? 41. Over Dina's stem objections, Ellie is evaluating an unsestment that will provide the following end-of: year cash flows. If Ellie believes that she should eam an annual rate of 8.9 percent on this investment, how much should Ellie pay for this investment? 42. Marcus Holloway has $37,000 that he will use as a down payment on a new car. Assuming that Marcus can afford a payment of $2165 per month, how much can Marcus spend on a car (that is, what is the total cost of the car that Marcus can purchase) if the interest rate is 6.15% and if be will finance has purchase with a 6-year, monthly payment loan? 43. Suppose Link deposits $15,000 into an account earning 7.825 percent interest, compounded monthly How many years (rounded to one decimal place - for example, 32.1843 year = 32.2) will it the for Link 's account to be worth $45,000 Step by Step Solution
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