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You are thinking about investing $4,910 in your friend's landscaping business. Even though you know the investment is risky and you can't be sure, you
You are thinking about investing $4,910 in your friend's landscaping business. Even though you know the investment is risky and you can't be sure, you expect your investment to be worth $5,707 next year. You notice that the rate for one-year Treasury bills is 1%. However, you feel that other investments of equal risk to your friend's landscape business offer an expected return of 8% for the year. What should you do? C. The present value of the return is $. (Round to the nearest cent.) You should (Select from the drop-down menu.) You have just sold your house for $1,100,000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and an initial balance of $700,000. The mortgage is currently exactly 1892 years old, and you have just made a payment. If the interest rate on the mortgage is 5.25% (APR), how much cash will you have from the sale once you pay off the mortgage? (Note: Be careful not to round any intermediate steps less than six decimal places.) Cash that remains after payoff of mortgage is 53. (Round to the nearest dollar.)
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