Question
Bessie Kossakowskis grandmother will cut a check worth $27,280.00 every four months for 6 years how much is this cashflow worth to them today? Assume
Bessie Kossakowskis grandmother will cut a check worth $27,280.00 every four months for 6 years how much is this cashflow worth to them today? Assume a discount rate of 8.00%.
(a) $385,991.36 (b) $200,124.14 (c) $619,880.39 (d) $126,112.16
Melda Artmann has a mortgage of $465,000.00 after making a down payment. The mort- gage is for 30 years, assuming an interest rate of 4.00% and monthly compounding what is the payment (PMT) they will make each month?
(a) $2,219.98 (b) $243.54 (c) $14,763.71 (d) $26,891.00
Cassie Bradley found that the market value, in millions, of Bradley and Co.,Inc. has gone from $112,650.00 to $407,420.00 in 9 years. With tri-annually compounding, what is the annualized rate of growth (CAGR)?
(a) 4.8765% (b) 14.6295% (c) -13.9493% (d) 46.0635%
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