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Please answer the following questions attached below. Question 6 (10 points) Assume that you have a lump sum $ 181 that you are investing for
Please answer the following questions attached below.
Question 6 (10 points) Assume that you have a lump sum $ 181 that you are investing for 3 years at a nominal rate of 25 %. What is the expected Future Value? Enter your answer to the nearest $.01. Do not use $ or , signs in your answer. Enter your answer as a positive number. Your Answer: Question 6 options: Answer Save Question 8 (10 points) You are planning on taking a loan for $ 87 ,000. You will repay the loan in annual payments over the next 7 years and the loan has a stated interest rate of 9 %. For the very last payment on your loan, how much of this is repayment of principal? For example, if the loan payment is $400 of which $30 is interest and $370 is principal, your answer is $370. Enter your answer to the nearest $.01. Do not use $ or , signs in your answer. Enter your answer as a positive number. Your Answer: Question 8 options: Answer Save Question 12 (10 points) What is the future value of a 7-year annuity due with annual payments of $ 1,940 , evaluated at a 7.00 percent interest rate? Enter your answer to the nearest $.01. Do not use $ or , signs in your answer. Enter your answer as a positive number. Your Answer: Question 12 options: Answer SaveStep by Step Solution
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