CAN SOMEONE PLEASE TELL ME IF I GOT THE RIGHT ANSWERS JESUS GOD THIS IS DUE TONIGHT AND THIS IS MY MIDTERM I'M GONNA DIE I NEED HELP. I NEED TO PASS THIS. I LOVE YOU TILL THE END OF THE WORLD IF YOU HELP PLEASEEEE!

You need to accumulate $85,354 for your son's education. You have decided to place equal year-end deposits in a savings account for the next 9 years. The savings account pays 8.91 percent per year, compounded annually.How much will each annual payment be?

Round the answer to two decimal places.

14,184.90

If you want to have $369,029in 16 years, how much money should you put in a savings account today? Assume that the savings account pays you 6.51 percent, compounded monthly.

Round the answer to two decimal places.

25,587.88

You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 12.3 percent, compounded annually.

End of year

1.$481

2.$2,624

3.$666

4.$2,547

What is the present value of this investment if 12.3 percent per year is the appropriate discount rate?

Round the answer to two decimal places.

4580.686232

Large-cap stocks had the nominal rates of return of 11.79 percent. The rate of inflation during the last year was 4.17 percent. What is the real rate of return for large-cap stocks?

7.31%

You plan to buy a house in 12 years. You want to save money for a down payment on the new house. You are able to place $207 every month at the end of the month into a savings account at an annual rate of 14.56 percent, compounded monthly. How much money will be in the account after you made the last payment?

Round the answer to two decimal places.

14,056.04

Upon graduating from college, you make an annual salary of$90,570. You set a goal to double it in the future. If your salary increases at an average annual rate of 9.39 percent, how long will it take to reach your goal?

Round the answer to two decimal places.

1.05

You have decided to place $460 in equal deposits every month at the beginning of the month into a savings account earning 5.15 percent per year, compounded monthly for the next 11 years. The first deposit is made today. How much money will be in the account at the end of that time period?

Round the answer to two decimal places.

46,282.62

What is the present value of the following annuity?

$4,024 every year at the end of the year for the next 9 years, discounted back to the present at 17.46 percent per year, compounded annually?

Round the answer to two decimal places.

17,631.90

At what annual rate would the following have to be invested?

$5,353, to grow to $78,402, in 38 years.

7.32%

What is the accumulated sum of the following stream of payments?

$1,142 every year at the end of the year for 7 years at 3.16 percent, compounded annually.

7,072.28

To what amount will the following investment accumulate?

$25,811, invested today for 38 years at 14.84 percent, compounded monthly.

7,012,268.52

What is the present value of a $671 perpetuity discounted back to the present at 3.05 percent.

22,000

A car dealership offers you no money down on a new car. You may pay for the car for 6 years by equal monthly end-of-the-month payments of $374 each, with the first payment to be made one month from today. If the discount annual rate is 9.33 percent compounded monthly, what is the present value of the car payments?

Round the answer to two decimal places.

20,561.03

Bright Star Bank pays a nominal annual (quoted) interest rate of 9.74 percent, compounded quarterly on your savings account. Calculate the effective annual rate, or EAR (annual percentage yield).

10.10%

A commercial bank will loan you $35,312 for 4 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 10.84 percent of the unpaid balance. What is the amount of the monthly payments?

909.92