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QUESTION 5 You are looking at some real estate that the broker told you will be worth $515,568 in 8 years. If the interest rate
QUESTION 5 You are looking at some real estate that the broker told you will be worth $515,568 in 8 years. If the interest rate is 10.4%, how much should you be willing to pay for it today? In other words, how much is it worth today? (Round to 2 decimal places.) QUESTION 6 You would like to invest your tax refund of $891. If your required return is 9.47%, what must be the future value of your investment in 5 years? (Round to 2 decimal places.) QUESTION 7 Twenty years ago, your parents deposited $2,085 into an account that earned 0.55% per month. How much is in the account today? (Round to 2 decimal places.) QUESTION 8 A company has purchased an asset for $163,174. If they require a return of 11.84%, how much must they sell the asset for in 6 years? (Round to 2 decimal places.)
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