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Please respond to Question 1 A, B, and C. Thank you Question 1 (1 point) You are looking to buy a Bank CD (certificate of
Please respond to Question 1 A, B, and C. Thank you
Question 1 (1 point) You are looking to buy a Bank CD (certificate of deposit) which has a guaranteed interest rate of 0.04. The CD has a term of 10 years. If you put $1,000 in the CD today, how much will you have in 10 years when it matures? Round to the nearest cent. Your Answer: Answer The Tennessee state government will issue a perpetuity to fund infrastructure across the state. The have enough revenue to make payments of up to $200,000 per year. The market interest rate for Tennessee debt is 0.045. How much could they potentially raise? Round to the nearest dollar. Your Answer: Answer How much would you be willing to pay for an annuity that pays $150 every six months for 4 years if the appropriate discount rate is 0.09? Round to the nearest dollar. YourStep by Step Solution
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