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QUESTION 4 Suppose you are selling your car. your asking Price $12.000. One of your friends is looking to buy a car, but his bank
QUESTION 4 Suppose you are selling your car. your asking Price $12.000. One of your friends is looking to buy a car, but his bank approved him only for a $9.000 loan her k es your car and offered you 2 payment options: (1) 59.000 cash today or $1.000 at the roof och month for the next 12 months. What is the present value of option 2 amar ordinary annuty curry pas APR with interest accrued monthly? O $11,618.93 511,320.75 $12,000 5943.40 QUESTIONS Suppose a wealthy individuals who has no family or relatives, leaves his entire estate estimated to be worth $10,000,000 to Stevenson University, the University invests this money into a perpetuity that earns APR with interest accrued annually how much interest will the University be able to earn and spend every year? $500.000 $5.000.000 $50.000 55.000
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