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QUESTION 34 You have been awarded a structured settlement of $10,000 per month to be paid over the next 20 years. Using a rate of
QUESTION 34 You have been awarded a structured settlement of $10,000 per month to be paid over the next 20 years. Using a rate of 12%, what is the present value of the annuity? $1,118,537 $1,000,305 $1,694,301 $908,194 none of these QUESTION 35 A loan in the amount of $50,000 will be repaid over a 6-year term with monthly payments and a stated rate of 696. What is the ending balance on the loan at the end of 3 months? $45,936 $47,839 $46,992 $48,255 O none of these
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