Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please show me how to do this three question Please do not only choose the answer. Thanks 8. If a client has to meet a

Please show me how to do this three question
Please do not only choose the answer.
Thanks image text in transcribed
image text in transcribed
8. If a client has to meet a lump-sum liability of $75,000 seven years, how much needs in invested two years from now in a bond fund that will return 6.5% compounded quarterly? A. $54,331 TT000 B. $54,470 C. $54,741 9. Assuming an interest rate of 5% compounded annually, what immediate lump sum s equivalent to 15 annual payments of S75,000 starting today? A. $741,404 B. $778,474 C. $817,398

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketplace Lending Financial Analysis And The Future Of Credit Integration Profitability And Risk Management

Authors: Ioannis Akkizidis, Manuel Stagars

1st Edition

1119099161, 978-1119099161

More Books

Students also viewed these Finance questions