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You want to buy a house 5 years from now, and you plan to save $2.400 per year, beginning Immediately. You will make 5 deposits
You want to buy a house 5 years from now, and you plan to save $2.400 per year, beginning Immediately. You will make 5 deposits in an account that pays 3.4% Interest. Under these assumptions, how much will you have 5 years from today? Multiple Choice $18,814.64 $16,047.78 O $22,688.24 0 $13,280.92 $20,474.76 MacBook Air Company XYZ 's Oustanding bonds have a $1,000 par value and they mature in 25 years. Their nominal yield to maturity is 9.44%, they pay interest semiannually, and they sell at a price of $850. What is the bond's annual coupon interest rate. Multiple Choice 8.156% 8.252% 8.060% 7.963% 7.867% Prev 11 of 32 Next > MacBook Air What is the future value of $11,000 invested today and held for 16 years at 8.40 percent compounded annually? Multiple Choice $36,883.48 $46,980.73 $43,340.16 $50,927.11 $39,981.69 Prev 10 of 32 ::: Next > An investment promises the cash flow stream provided below. If you reqire an 8 percent return on the investment, how much would you be willing to pay for the investment today? Period Cash Flow 1 2 $700 $1,400 $2,800 3 4 $2,800 Multiple Choice O $6,300.70 O $5.95777 C6 2107 Prev 9 of 32 Next > MacBook Air Today, you are purchasing a new car for $24,000. You plan to put $2,000 down and finance the balance with a 5-year, 6.5 percent loan, with monthly payments. What is the amount of each payment? Multiple Choice $508.72 $489.15 $469.59 $430.46 $450.02
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