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Investment A will make N annual payments of $500 with the first of the N payments due immediately. Investment B is an ordinary annuity that
Investment A will make N annual payments of $500 with the first of the N payments due immediately. Investment B is an ordinary annuity that will make (N minus 1) annual payments of $500 with the first payment due in one year from today. Investment B has a value of $20,000. If investment A and investment B have the same expected return, then what is the value of investment A? $20,500 $19,500 $20,000 The value of investment A can not be determined from the information given The value of investment A can be determined from the information given, but it is not equal to $19,500, $20,000, or $20,500 Jens just took out a loan from the bank for 81,146 dollars. He plans to repay this loan by making a special payment to the bank of 3,490 dollars in 3 years and by also making equal, regular annual payments of X for 7 years. If the interest rate on the loan is 13.44 percent per year and he makes his first regular annual payment in 1 year, then what is X, Jens's regular annual payment? Number Jabari just took out a loan from the bank for 239,754 dollars. He plans to repay this loan by making a special payment to the bank of 16,223 dollars in 2 months and by also making equal, regular monthly payments of X. If the interest rate on the loan is 1.14 percent per month, he makes his first regular monthly payment later today, and he makes his last regular monthly payment made in 8 months from today, then what is X, the amount of the regular monthly payment? Number
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