QUESTION 1 How many months it will take to grow your money from $4,910 to $7,731 if you can earn an interest of 11% compounded monthly? Note: Do not write "months" in your answer. Simply write the number in the answer box. 1 points QUESTION 2 The ABC Company is considering a new project which will require an initial cash investment of $17,848. The projected cash flows for years 1 through 4 are $6,879, $8,426, $9,661, and $5,223, respectively. If the appropriate discount rate is 10%, compute the NPV of the project. Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. 1 points QUESTION 3 Today, you are purchasing a $3,807 14-year car loan at 5 percent. You will pay annually at the end of each year. What is the amount of each payment? 1 points QUESTION 4 Gertrude Carter and Co. has an outstanding loan that calls for equal annual payments of $14,903 over the 10-year life of the loan. The original loan amount was $100,000 at an APR of 8 percent. How much of the third payment is interest? Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points. 1 points QUESTION 5 Assume interest rate of 5%. A company receives cash flows of $117,708 at the end of years 4, 5, 6, 7, and 8, and cash flows of $205,939 at the end of year 10. Compute the future value of this cash flow stream. Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points. 1 points QUESTION 6 If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth in 21 months (round to the nearest dollar)? a. $770 b. $833 c. $828 d. $827 e. $1,176 1 points QUESTION 7 If you can triple your money in 29 years, what is the implied rate of interest? Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box.. 1 points QUESTION 8 In order to buy a house, you take a loan of 100,000 at 7.5% for a period of 13 years. Compute the balance remaining at the end of 5 years. Do not enter the symbol $ in your answer. Enter your answer as a positive number. Simply enter the answer rounded off to two decimal points. 1 points QUESTION 9 How much do you need to invest today in order to have $2,569 at the end of 18 years if you are sure to earn an interest at the rate of 9%, if interest is compounded quarterly? Note: Do not put $ sign in your answer. Simply write the number in the answer box. 1 points QUESTION 10 026: Say, you deposit $1,493 in a bank for 17 years. What is the amount you will have in the bank at the end of 17 years if interest of 7 % for first 10 years and interest of 9 % for the remaining years? Note: Do not put $ sign in your answer. Simply write the number in the answer box. 1 points QUESTION 11 Consider a 10-year loan with monthly payments at 10%. If the loan amount is $250,000, compute the Interest paid during the 6th year. Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. 1 points QUESTION 12 Barrett Pharmaceuticals is considering a drug project that costs $192,894 today and is expected to generate end-of-year annual cash flows of $14,018, forever. At what discount rate would Barrett be indifferent between accepting and rejecting the project? Just enter the number in percentages up to 2 decimal points. Do not enter % in the answer box. 1 points QUESTION 13 What is the future value of annual payments of $3,979 for 15 years at 7 percent? 1 points QUESTION 14 How much do you need to invest today in order to have $2,277 at the end of 6 years if you are sure to earn an interest at the rate of 9%, if interest is compounded monthly? Note: Do not put $ sign in your answer. Simply write the number in the answer box. 1 points QUESTION 15 If the effective rate is 12%. What is the nominal rate if compounding is daily. Do not enter the symbol % in your answer. Simply enter the answer in percentages rounded off to two decimal points. 1 points QUESTION 16 What is the future value of $10,360 for 14 years at 7 percent if interest is compounded semi-annually? Note: Do not enter "$" in your answer. Simply write down the number that you get as your answer. 1 points QUESTION 17 How many years it will take to grow your money from $4,503 to $7,232 if you can earn an interest of 17% compounded monthly? Note: Do not write "years" in your answer. Simply write the number in the answer box. 1 points QUESTION 18 Assume interest rate of 14%. A company receives cash flows of $576 at the end of year 5, $393 at the end of year 7, and $602 at the end of year 10. Compute the future value of this cash flow stream. Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points. 1 points QUESTION 19 If you receive $321 at the end of each year for the first three years and $692 at the end of each year for the next three years. What is the present value? Assume interest rate is 11%. Hint: This is an uneven cash flow problem. Use the CF function and solve for NPV to get the answer. Just enter the number up to 2 decimal points. Do not enter $ in the answer box. 1 points QUESTION 20 What should you be willing to pay in order to receive $337 annually forever, if you require 7% per year on the investment? Just enter the number up to 2 decimal points. Do not enter $ in the answer box. 1 points QUESTION 21 What is the effective rate of 16% compounded monthly? Do not enter the symbol % in your answer. Simply enter the answer in percentages rounded off to two decimal points. 1 points QUESTION 22 The Perpetual Life Insurance Co is trying to sell you an investment policy that will pay you and your heirs $11,886 per year forever. Suppose the Perpetual Life Insurance Co. told you the policy costs $154,591. At what interest rate would this be a fair deal? Just enter the number in percentages up to 2 decimal points. Do not enter % in the answer box. 1 points QUESTION 23 Kelly starting setting aside funds 10 years ago to buy some new equipment for her firm. She has saved $6,880 each quarter and earned an average rate of return of 10 percent. How much money does she currently have saved for this purpose? 1 points QUESTION 24 What is the future value of $3,487 invested for 10 years at 12% if interest is compounded semi-annually? Note: Do not put $ sign in your answer. Simply write the number in the answer box. 1 points QUESTION 25 What is the future value of quarterly payments of $965 for 5 years at 4 percent? 1 points QUESTION 26 How many years it will take you to quadruple (means 4 times) your money if you can earn 10.46% each year? Note: Do not write "years" in your answer. Simply write the number in the answer box. 1 points QUESTION 27 What is the future value of $632 invested for 12 years at 10% if interest is compounded quarterly? Note: Do not put $ sign in your answer. Simply write the number in the answer box. 1 points QUESTION 28 How many years it will take you to double your money if you can earn 10% each year, given that compounding is quarterly? Note: Do not write "years" in your answer. Simply write the number in the answer box. 1 points QUESTION 29 If you can double your money in 8 years, what is the implied annual rate of interest, given that compounded in quarterly? Note: give your answer in percentages. Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box. 1 points QUESTION 30 How much do you need to invest today in order to have $12,465 at the end of 14 years if you are sure to earn an interest at the rate of 4%? Note: Do not put $ sign in your answer. Simply write the number in the answer box. 1 points QUESTION 31 Assume interest rate of 3%. Suppose that you receive $91,917 at the end of each year for 4 years. Suppose that this cash flow starts at the end of the fourth year. Compute the present value. Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points. 1 points QUESTION 32 027: Say, you deposit $4,143 in a bank for 19 years. What is the amount you will have in the bank at the end of 19 years if interest of 4 % compounded monthly for first 6 years and interest of 10 % compounded quarterly for the remaining years? Note: Do not put $ sign in your answer. Simply write the number in the answer box. 1 points QUESTION 33 How many years it will take to grow your money from $4,168 to $8,282 if you can earn an interest of 6% compounded quarterly? Note: Do not write "years" in your answer. Simply write the number in the answer box. 1 points QUESTION 34 The ABC Company is considering a new project which will require an initial cash investment of $6,291. The project will produce no cash flows for the first 5 years. The projected cash flows for years 6 through 9 are $2,530, $4,457, $6,743, and $4,256, respectively. If the appropriate discount rate is 10%, compute the NPV of the project. Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. 1 points QUESTION 35 023A: If you can double your money in 12 years, what is the implied annual rate of interest, given that compounded semi-annually? Note: give your answer in percentages. Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box. 1 points QUESTION 36 What is the future value of $583 invested for 25 years at 7% if interest is compounded semi-annually (twice a year)? Note: Do not put $ sign in your answer. Simply write the number in the answer box.