You are valuing an investment that will pay you $23,000 per year for the first 7 years, $38,000 per year the next 10 years, $64,000 per year the next 16 years, and $56,000 per year the following 10 years (all payments are at the end of each year). If the appropriate annual discount rate is 8.00%, what is the value of the investment to you today? $2,125,000.00$351,046.34$451,274.38$1,400,276.81$2,365,550.00 You are valuing an investment that will pay you $29,000 per year for the first 7 years, $44,000 per year the next 8 years, $57,000 per year the next 16 years, and $49,000 per year the following 10 years (all payments are at the end of each year). If the appropriate annual discount rate is 13.00%, what is the value of the investment to you today? $221,084.72$284,207.12$1,957,000.00$1,232,680.68$2,178,532.40 You are considering leasing a car. You notice an ad that indicates that you may lease the car you want for $379.00 per month. The lease term is 60 months with the first payment due at inception of the lease. You must also make an additional down payment of $1180.00. The ad also says that the residual value of the vehicle is $22,373. The total cost of the vehicle based on list price is $32,155, but after much research you have concluded that you could buy the car for a total 'drive-out' price of $29,500. What is the quoted annual interest rate you are actually paying with the lease? 12.02% 13.06\% 10.57% 10.43% 13.25% You plan to buy a house. The house will be financed with a $296,000,30-year mortgage with a nominal interest rate of 6.90%. Mortgage payments are made at the end of each month. You expect that you will sell the house in 8 years. How much of the principal will you have repaid at the time you plan to sell the house? $40,695.39 $155,560.35 $28,865.26 $173,029.78 $31,587.46 You are valuing an investment that will pay you $21,000 per year for the first 9 years, $33,000 per year the next 9 years, and $59,000 per year the following 15 years (all payments are at the end of each year). A similar risk investment alternative is an account with a quoted annual interest rate of 6.00% with monthly compounding of interest. What is the value in today's dollars of the set of cash flows you have been offered? $476,445.55 $464,822.23 $1,371,000.00 $563,635.08 $423,504.18