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just need to confirm if the hilighted ones are correct 7. What is the present value of a $600 annuity payment over 4 years if
just need to confirm if the hilighted ones are correct
7. What is the present value of a $600 annuity payment over 4 years if interest rates are 6 percent? A. S475.26 B. $757.49 C. $2,079.06 D. $3,145.28 8. If the present value of an ordinary, 4-year annuity is $1,000 and interest rates are 6 percent, what's the present value of the same annuity due? A. $943.40 B. $1,000.00 C. $1,040.00 D. $1,060.00 9. A loan is offered with monthly payments and a 6.5 percent APR. What's the loan's effective annual rate (EAR)? A. 5.69% B. 6.697% C.7.28% D. 12.63% I 10. If the future value of an ordinary, 7-year annuity is $10,000 and interest rates are 4 percent, what's the future value of the same annuity due? A. $9,615.38 B. $10,000.00 C. $10,400.00 D. $10,700.00 11. To compute the present or future value of an annuity due, one computes the value of an ordinary annuity and then A. multiplies it by (1 +0. B. divides it by (1 +0. C. multiplies it by (1 -0. D. divides it by (1 2 of 2 Step by Step Solution
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