Question 6 (1 point)

John expects to receive $20,000 from an investment three years from today. However, he really needs the money today, and he has decided to take out a loan. If the interest rate on the loan is 6%, how much can John borrow today against the future cash flow that will be generated from the investment?

What is the future value of $100,000 in 10 years given an interest rate of 12% compounded monthly?

Question 24 options:

	$310,585
	$330,039
	$283,456
	$300,687

Question 6 options:

You deposit $40,000 in a savings account today. The money will earn an annual rate of 5% interest, compounded quarterly, for the next 15 years. How much do you have in the account at the end of 15 years?

Question 23 options: