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Those question I have correct answer (below). I need the process(step by step or explain )!!thanks 1.Present Value Factor for Reversion of $1 Period 6%

Those question I have correct answer (below). I need the process(step by step or explain )!!thanks

1.Present Value Factor for Reversion of $1

Period

6%

7%

8%

9%

10%

1

.943396

.934579

.925926

.917431

.909091

2

.889996

.873439

.857339

.841680

.826446

3

.839619

.816298

.793832

.772183

.751315

4

.792094

.762895

.713503

.708425

.683013

5

.747258

.712986

.680583

.644931

.620921

6

.704961

.666643

.630170

.596267

.564474

Using only the information in the table above, what would the IRR be for an investment that cost $500 in period 0 and was sold for $750 in period 5? (C)

Between 6% and 7%

Between 7% and 8%

Between 8% and 9%

Between 9% and 10%

2.Using only the information in the table above, approximately how much would you pay today for an investment that pays $0 annual interest, but earns 8% interest over the next four years and has a face value at maturity of $13,500? (C)

$8,000

$9,000

$10,000

$11,000

3. A borrower takes out a 30-year mortgage loan for $250,000 with an interest rate of 5%. What would the monthly payment be? (C)

$694

$1,042

$1,342

$1,355

Not enough information

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