Question
How much must be invested today in order to generate a 10-year annuity of $100 per year, with the first payment one year from today,
How much must be invested today in order to generate a 10-year annuity of $100 per year, with the first payment one year from today, at an interest rate of 12%?
- A. $404.78
- B. $437.35
- C. $304.78
- D. $565.02
You bought your house six years ago for $120,000 and sold it today for $160,800. What is your rate of return?
- A. 4.99%
- B. 8.00%
- C. 5.67%
- D. 4.88%
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Introductory Econometrics For Finance
Authors: Chris Brooks
4th Edition
110843682X, 9781108436823
