| Question 1 0 out of 2 points | You are obtaining a $350,000 FRM amortized over thirty years at a 8% annual percentage rate. What is the loan balance after one year? | | | Question 2 0 out of 2 points | You are obtaining a $125,000 FRM amortized over thirty years at a 7% annual percentage rate. What is the loan balance after one year? | | | Question 3 0 out of 2 points | You are obtaining a $425,000 FRM amortized over thirty years at a 6% annual percentage rate. What is the loan balance after one year? | | | Question 4 0 out of 1 points | What is the present value of a $500,000 inheritance (trust fund) to be received in 20 years discounted at an annual rate of 12%? | | | Question 5 0 out of 1 points | What is the present value of a $750,000 inheritance (trust fund) to be received in 20 years discounted at an annual rate of 14%? | | | Question 6 0 out of 3 points | You obtain a loan of $150,000 at 6% amortized over thirty years with monthly payments. You are required to pay closing costs and fees of 1.5% of the loan amount to the lender. What is the yield of the loan if held to maturity? | | | Question 7 0 out of 3 points | You obtain a loan of $150,000 at 5.875% amortized over thirty years with monthly payments. You are required to pay closing costs and fees of 2.0% of the loan amount to the lender. What is the yield of the loan if paid off at the end of 5 years? | | | Question 8 0 out of 2 points | What is the present value of a $750,000 inheritance (trust fund) to be received in 20 years discounted at an annual rate of 9%? | | | Question 9 0 out of 2 points | What is the present value of a $500,000 inheritance (trust fund) to be received in 20 years discounted at an annual rate of 8%? | | | Question 10 0 out of 1 points | You are obtaining a $100,000 FRM amortized over thirty years at a 5.75% annual percentage rate. What is the monthly payment? | | | Question 11 0 out of 1 points | You are obtaining a $200,000 FRM amortized over thirty years at a 7.5% annual percentage rate. What is the monthly payment? | | | Question 12 0 out of 1 points | You are obtaining a $125,000 FRM amortized over thirty years at a 6.5% annual percentage rate. What is the monthly payment? | | | Question 13 0 out of 1 points | What is the future value of $10,000 invested to at an annual rate of 13% after 30 years? | | | Question 14 0 out of 1 points | What is the future value of $30,000 invested to at an annual rate of 9% after 40 years? | | | Question 15 0 out of 2 points | You require a 10% annual return on year investment. You can buy a real estate project with the following expected cash flows, year one $100,000, year two $12,500, year three $150,000 and year four $65,000. What would you pay? | | | Question 16 0 out of 2 points | You require a 13% annual return on year investment. You can buy a real estate project with the following expected cash flows, year one $100,000, year two $125,000, year three $150,000 and year four $650,000. What would you pay? |
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