Question
please solution this answer that I need to know before this will closed out today at 11:59pm Question 11 In Pride and Prejudice Mr. Darcy
please solution this answer that I need to know before this will closed out today at 11:59pm
Question 11 In Pride and Prejudice Mr. Darcy is said to make 10,000 pounds a year, while his friend, Mr. Bingley, makes 5,000 pounds a year.How much more money did Elizabeth make compared to her sister, Jane, over the course of 40 years, by marrying Mr. Darcy instead of Mr. Bingley?Assume both make a return of 5.0%, which is in-line with interest rates in 1813, and they invest everything they receive at this rate.
590,000 pounds 584,000 pounds 600,000 pounds 604,000 pounds
Question 12 John has just won the state lottery and has three award options from which to choose. He can elect to receive a lump sum payment today of $46 million, 10 annual end-of-year payments of $7 million, or 30 annual end-of-year payments of $4 million. If he expects to earn a 10.5% annual return on his investments, which option should he choose?
$46 million today 30 payments of $4 million 10 payments of $7 million
Question 13 Starting next year, you will need $10,000 annually for 4 years to complete education. (One year from today you will withdraw the first $10,000.) Your uncle deposits an amount today in a bank paying 5% annual interest, which will provide the needed $10,000 payments. How large must the deposit be? Round your answer to the nearest cent.
$35,460 $15,666 $22,843 $31,500
Question 14 you have applied for a mortgage of $60,000 to finance the purchase of a new home. How much will your monthly payment be if you are given a 4.5% mortgage rate for a 30 year, fixed mortgage?
$330.45 $319.33 $358.43 $304.01
Question 15
You have applied for a mortgage of $60,000 to finance the purchase of a new home. The bank will require you to make weekly payments of $110.35 at the end of each week over the next 20 years. Determine the annual interest rate in effect on this mortgage.
7.4% 8.8% 6.5% 0.1%
Question 16 you are interested in living near Biola for generations to come. You find a $1,098,888 home near the park. Assuming you put 20% down, how much interest would you pay during month 2? Assume you receive a 30 year fixed mortgage, paid monthly, with a rate of 3.75%.
$2,747.22 $2,945.09 $2,847.33 $2,993.41
Question 17 you have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will have a 9% APR based on end-of-month payments. What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations.
$19,065 $22,032 $13,054 $14,065
Question 18 you purchase a 15 room home in Georgia for $350,000. Assuming you put 10% down, how much principal would you pay during month 55? Assume you receive a 30 year fixed mortgage, paid monthly, with a rate of 6.9%.
$1,303.23 $320.02 $358.91 $1,731.78
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