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THE NEXT FOUR ( 4 ) QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION: A real estate investor will make deposits at the end of each
THE NEXT FOUR QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A real estate investor will make deposits at the end of each period into an interest bearing account in
order to accumulate a sum to retire a mortgage bond. For each of the investments shown in the table
below, calculate the missing element.
For Investment A what is the future value?
$
$
$
$
For Investment B what is the investment period?
Approximately years
Approximately years
Approximately years
Approximately years
For Investment C what is the size of the monthly deposit rounded up to the next higher dollar
$
$
$
$
For Investment D what is the interest rate expressed as an effective annual rate earned?
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