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LILUUT PROBLEM 5 (10-POINTS) - You are considering an investment option where you invest $250 per month in a mutual fund for the next 20-years
LILUUT PROBLEM 5 (10-POINTS) - You are considering an investment option where you invest $250 per month in a mutual fund for the next 20-years that pays a monthly interest of 34%. A) What is the nominal annual interest rate for this problem (2-points)? B) What is the period interest rate for this problem (2-points)?! c) What is the effective annual interest rate (2-points)? D) What are the two possible values for the APR (4-points)?! and PROBLEM 6 (2-POINTS) - Which is not a criteria for depreciable property under the United Stares Internal Revenue Service Code (circle one)? A) Used in business C) Held for production of income B) Have a life that can be determined D) Can be expensed in less than one year PROBLEM 7 (2-POINTS) - Under which of the following conditions should leff be used when calculating the equivalent Present Worth for a cash flows series (circle one)? A) Payment Period = Interest Compounding Period B) Payment Period > Interest Compounding Period C) Payment Period
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