questions 1-7 help and work showed so i understand how to get answers. thanks
Previous Page Next Page Question 1 (1 point) An investment will pay $950 for each of the next three years. It will then pay $3,400 in 10 years. If similar investments yield 11%, what is the present value of this asset? Your Answer: Answer Question 2 (1 point) An investment will pay $875 in 2,3,4 and 5 years from now. Furthermore, it will pay $3,500 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 $550 every year for the next 5 years. You will then withdraw $1,000 for 3 additional years. What will your balance be in 13 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 $950 in four years. If the investment yields 14% per year, what is the future value of this investment in six years? Your Answer: Question 5 (1 point) An investment promises a return of 15%. It will require that you will make payments of $750 in two, three and four years. Then you will have to make payments of $4,300 in 7. 8 and 9 years. No other payments are required. How much will you have in 16 years? Your Answer: Answer Question 6 (1 point) An investment costs $380 and it promises $195 in 3.4.5.6 and 7 years. What is the return of this investment? Answer in decimal form using four decimal digits (i.e. 21.37% = 0.2137) ID134.270,619 Previous Page Next Page Page 4 of 4 Question 7 (1 point) 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