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You are valuing an investment that will pay you $21,000 per year for the first 9 years, $29,000 per year for the next 12 years,

You are valuing an investment that will pay you $21,000 per year for the first 9 years, $29,000 per year for the next 12 years, and $68,000 per year the following 13 years (all payments are at the end of each year). If the appropriate annual discount rate is 14.00%, what is the value of the investment to you today?

$1,581,857.20

$139,794.56

$1,421,000.00

$883,520.40

$179,707.63

You plan to buy a car that has a total "drive-out" cost of $30,200. You will make a down payment of $3,322. The remainder of the car's cost will be financed over a period of 6 years. You will repay the loan by making equal monthly payments. Your quoted annual interest rate is 9% with monthly compounding of interest. (The first payment will be due one month after the purchase date.) What will your monthly payment be?

$480.88

$484.49

$499.30

$563.71

$451.40

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