Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

question 2-7 help please. need to see work showed. i pay for service please help for all. thanks. will upvote Question 2 (1 point) An

question 2-7 help please. need to see work showed. i pay for service please help for all. thanks. will upvote
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 2 (1 point) An investment will pay $300 in 2,3,4 and 5 years from now. Furthermore, it will pay $4,800 in 9. 10 and 11 years. What is the most you would pay for this investment if you require a 10% return? answer in dollars without the symbol. Your Answer: Answer Question 3 (1 point) You have $15,000 saved. Additionally, you plan on saving $1,400 every year for the next 5 years. You will then withdraw $1,000 for 3 additional years. What will your balance be in 10 years? This account yields 13% every year. Your Answer: Answer Question 4 (1 point) You plan to invest $1,000 immediately. $300 in one year. $1000 in two and three years and finally $410 in four years. If the investment yields 14% per year, what is the future value of this investment in six years? Your Answer: Answer Question 5 (1 point) An investment promises a return of 15%. It will require that you will make payments of $1,150 in two, three and four years. Then you will have to make payments of $1,900 in 7, 8 and 9 years. No other payments are required. How much will you have in 17 years? Your Answer: Answer Question 6 (1 point) Saved An investment costs $1800 and it promises $995 in 3, 4, 5, 6 and 7 years. What is the return of this investment? Answer in decimal form using four decimal digits (ie. 21.37% = 0.2137). ID133,739,361 Your Answer: Previous Page Next Page Page 4 of 4 Question 7 (1 point) Saved An investment promises to pay $1,000 for the next three years, an unknown amount in the fourth year and $2,000 in the fifth year. What should the value of the fourth year payment be if the investment is required to yield 10% and is selling for $8,000? Your

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

Focus On Personal Finance An Active Approach To Help You Develop Successful Financial Skills

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

4th Edition

0078034787, 978-0078034787

More Books

Students also viewed these Finance questions