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You are considering an investment that will pay you $20,000 in two years and $40,000 in four years. If investors require a return of 11%,

You are considering an investment that will pay you $20,000 in two years and $40,000 in four years. If investors require a return of 11%, what price should it sell for?

Question 5 options:

38,344

46,821

40,668

48,681

42,582

Your bank is offering to finance your new car purchase for 7 years at 14.95%. If you were to borrow $27,000 for the car, what would your payment be?

Question 6 options:

$489

$425

$520

$460

$469

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