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do all 3 for a thumb up please You have a loan outstanding. It requires making seven annual payments of $2,000 each at the end
do all 3 for a thumb up please
You have a loan outstanding. It requires making seven annual payments of $2,000 each at the end of the next seven years. Your bank has offered to allow you to skip making the next six payments in lieu of making one large payment at the end of the loan's term in seven years. If the interest rate on the loan is 9%, what final payment will the bank require you to make so that it is indifferent to the two forms of payment? HER The final payment the bank will require you to make is $ (Round to the nearest dollar.) You want to endow a scholarship that will pay $15,000 per year forever, starting one year from now. If the school's endowment discount rate is 6%, what amount must you donate to endow the scholarship? How would your answer change if you endow it now, but it makes the first award to a student 10 years from today? In the first case, the amount you must donate today is $ 250000. (Round to the nearest cent.) How would your answer change if you endow it now, but it makes the first award to a student 10 years from today? In this case, the amount you must donate today is $ (Round to the nearest cent.) You have an investment account that started with $4,000 10 years ago and which now has grown to $6,000. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the investment account earns 16% per year from now on, what will the account's value be 10 years from now? a. What annual rate of return have you earned (you have made no additional contributions to the account)? Your annual rate of return is 4.14%. (Round to two decimal places.) b. If the investment account earns 16% per year from now on, what will the account's value be 10 years from now? The account's value in ten years will be $ (Round to the nearest cent.)
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