Homework Answers
Answer 1) $577 ( rounded off)
Answer 2) $1000 (rounded off)
Answer 3) $760 ( rounded off)
Answer 4) $1000 ( rounded off)
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Problem 8 44 » Intro The annual interest rate is 4%. B Attempt 1/10 for 8...
Intro You invest $2,000 in a 4-year certificate of deposit (CD) that pays 4% interest, compounded...
Intro You invest $2,000 in a 4-year certificate of deposit (CD) that pays 4% interest, compounded annually Part 1 How much money will you have when the CD matures? 8 - Attempt 1 /10 for 10 pts. No decimals Submit Intro You've just deposited $8,000 in a savings account to save for a new car that you want to buy in 9 years. Part 1 How much money will you have in 9 years if the interest rate is 6%?...
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Problem 6 Intro A bond has an annual coupon rate of 4.3%, a face value of...
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Problem 5 Intro The continuously compounded annual rate is 13%. Part 1 Attempt What is the...
Problem 5 Intro The continuously compounded annual rate is 13%. Part 1 Attempt What is the present value of $10,000 that you'll receive in 5 years? No decimals Submit
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Problem 9 Intro You took out a loan to buy a new car. The monthly interest...
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Intro You took out a 15-year fixed-rate mortage to borrow $200,000 at an interest rate of...
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Problem 4 Intro Lomack Company's bonds have a 11-year maturity, a 10% coupon, paid semiannually, and...
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Intro You invest $2,000 in a 4-year certificate of deposit (CD) that pays 4% interest, compounded annually Part 1 How much money will you have when the CD matures? 8 - Attempt 1 /10 for 10 pts. No decimals Submit Intro You've just deposited $8,000 in a savings account to save for a new car that you want to buy in 9 years. Part 1 How much money will you have in 9 years if the interest rate is 6%?...
Intro You make a one-time investment of $600 and leave it for 5 years, earning an annual interest rate of 9%. B Attempt 1/10 for 8 pts. Part 1 How much interest will you have earned after 5 years? No decimals Submit B Attempt 1/10 for 8 pts. Part 2 If you leave the eitire amount in your account for another 5 years and earn the same interest rate, how much interest will you earn over the second 5-year period?...
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Problem 5 Intro The continuously compounded annual rate is 13%. Part 1 Attempt What is the present value of $10,000 that you'll receive in 5 years? No decimals Submit
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Problem 9 Intro You took out a loan to buy a new car. The monthly interest rate on the loan is 2.5%. You have to pay $280 every month for 60 months. Part 1 B Attempt 1/10 for 8 pts. What is the present value of the cash flows if it's an ordinary annuity? No decimals Submit Part 2 What is the future value of the cash flows if it's an ordinary annuity? 8 - Attempt 1 /10 for 8...
Intro You took out a 15-year fixed-rate mortage to borrow $200,000 at an interest rate of 6% (APR) to buy a house. Part 2 IB Attempt 1/10 for 10 pts. How much do you owe on your mortgage just after you made your 110th payment? No decimals Submit
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