You borrow $200,000 for20 years at 4%. What will your balance be at the end of three years?

Group of answer choices

$179,035

$191,345

186,455

$142,258

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You wish to deposit $1000 into an investment account that pays 4% for 125 years. What is the difference between an account that is compounded daily and an account that is continuously compounded.

Group of answer choices

$148.41

$40.65

$87.62

$342.87

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How much should you expect to receive annually if you deposit $100,000 in an account that will return annual payments for ever, but never return the principle. The prevailing interest rate is 2%. (sounds like a perpetuity to me)

Group of answer choices

$5,000,000

$50,000

$200,000

$2,000

_________________

You deposit $250 into an account that pays 5% compounded monthly. About how long will it take to reach $600.

Group of answer choices

128.6 Years

12.58Years

17.54 years

210.55 Years

_________________________

Assume you are to receive a 20-year annuity with monthlyl payments of $50. The first payment will be received at the end of month 1, and the last payment will be received at the end of the last month of Year 20. You will invest each payment in an account that pays 10% compounded monthly. You will stop making payments into the account at the end of year 20. What will be the value in your account at the end of Year 30?

Group of answer choices

$2,864

$102,782

$278,236

$37,968

__________________

You borrow $200,000 for 20 years at 6% how much money will you save, over the life of the loan, if you pay off the loan by making payments at the beginning of the month rather than the end of the month?

Group of answer choices

$1,850

$1,952

$2,468

$1710

______________________

please pick the right answer