blooper receive eacn month? 5. The value of an investment comes from its cash ows. Let's say you are intent on receiving $45,000 per year, starting at the end of year one and continuing over 10 years. A lump- sum of $380 000 invested new (year 0) will allow you to receive your desired annual amount. What interest rate is reguired to make this happen? 6. The US. stock market has returned an average of about 9% per year since 1900. This return works out to a real return (i.e., adjusted for ination) of approximately 6% per year. a. If you invest $100,000 and you earn 6% a year on it, how much real purchasing power will you have in 30 years? b. If you invest $5,000 per year for 20 years, how much real purchasing power will you have at the end of 30 years? The interest rate is 6% per year. 7. You just inherited $10,000. While you plan to squander some of it away, how much should you degosit in an account earning 5% interest per year if you'd like to have $10,000 in the account in 10 years? 8. What is the future equivalent of $1,000 invested at 8% simple interest per year for 3V2 years? 9. Football coach Ira Blooper has just been red as head coach at a large university. His buyout amount is $7.5 million, and Blooper will be repaid (as per his contract) in monthly installments over the next 4 years. If the interest rate is 1% per month, how much will Blooper receive each month? '1 0. In 2014, the average debt for college student loans is $28,700. This amounts to a $330 monthly payment for a \"standard" loan repayment plan over 10 years. What monthly interest rate is being charged on this typical student loan? 1. How much interest is payable each year on a loan of $2,000 if the interest rate is 10% per year when half of the loan principal will be repaid as a lump sum at the end ofiour years and the other half will be repaid in one lumpsum amount atthe end of eight years? How much interest will be paid over the eightyear period? 2. A oertain college graduate, Sallie Evans, has $24,000 in studentloan debt at the end of her college career. The interest rate on this debt is 035% per month. If monthly payments on this loan are $432.61, how many months will it take for Sallie to repay the entire loan? 3. Refer to Plan 2 in Table 41. This is the customary way to pay off loans on automobiles, house mortgages, etc. A friend of yours has nanced $24,000 on the purchase of a new automobile, and the annual interest rate is 12% [1% per month]. a. Monthly payments over a l50-month loan period will be how much? b. How much interest and principal will be paid in the third month of this loan? 4. Football coach Ira Blooper has just been red as head coach at a large university. His buyout amount is $7.5 million, and Blooper will be repaid (as per his contract) in monthly installments over the next 4 years. If the interest rate is 1% per month, how much will Blooper receive each month