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Question 3 14.2857 points Save Ansu You have borrowed $2,421 from your parents. You will pay...
Question 2 You have received an inheritance which will pay you $2,827 every month for 13...
Question 2 You have received an inheritance which will pay you $2,827 every month for 13 years. If the relevant rate is 7.99% per year. How much is it worth today? Enter only numbers and decimals in your response. Round to 2 decimal places. Use your financial calculator. Question 2 of 7 Moving to another question will save this response
You just got a job. You ask for a loan from your parents to pay for...
You just got a job. You ask for a loan from your parents to pay for day to day expenses. Your parents agreed to lend you the money if you agree to pay them back within six months at an interest rate of 3%. You can pay them $100 at the end of the first two months, $125 for months 3 and 4 and $150 for months 5 and 6. Calculate the present value. multiple choice, but please solve with...
You borrowed $1,200 to buy a new computer and agreed to pay the loan back 3...
You borrowed $1,200 to buy a new computer and agreed to pay the loan back 3 years later; if the loan has a 10 percent interest rate, what is the balance you will owe at that time? You recently purchased a new car for 18,000 by agreeing to make equal annual payments for 5 years. If the interest rate on your loan is 8 percent, how much is each payment?
a) Suppose you have borrowed Rs 10,00,000 from your employer for 3 years at 9% rate...
a) Suppose you have borrowed Rs 10,00,000 from your employer for 3 years at 9% rate of interest to buy a car. If your employer requires you to pay back in 3 equal end of year instalments, prepare the loan amortisation schedule. b) Assume to finance your post graduate studies in an executive weekend programme, you undertake a part time job for 5 years. Your employer fixes your annual salary at Rs 10,00,000 with a provision that you will get...
Moving to another question will save this response Question 3 of 22 Question 3 10 points...
Moving to another question will save this response Question 3 of 22 Question 3 10 points Save Answer Your older sister deposited $5,000 today at 7 percent interest for 5 years. You would like to have just as much money at the end of the next 5 years as your sister will have. However, you can only earn 8.75 percent interest. How much more (less) money must you deposit today than your sister dad if you are to have the...
Your parents have accumulated a $140,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney
Your parents have accumulated a $140,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney. However, Courtney has decided to forgo college and start a nail salon. Your parents are giving Courtney $29,000 to help her get started, and they have decided to take year-end vacations costing $11,000 per year for the next four years. Use 7 percent as the appropriate interest rate throughout this problem....
30. value: 1.00 points Your parents have accumulated a $150,000 nest egg. They have been planning...
30. value: 1.00 points Your parents have accumulated a $150,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney. However, Courtney has decided to forgo college and start a nail salon. Your parents are giving Courtney $18,000 to help her get started, and they have decided to take year-end vacations costing $12,000 per year for the next four years. Use 6 percent as the appropriate interest...
5. 14 points. Your na points. Your parents are selling their vacation home and have 2...
5. 14 points. Your na points. Your parents are selling their vacation home and have 2 offers. Their friend has $100,000 today and $120.000 for each of the next three ye and $120.000 for each of the next three years. A broker has offered to pay them 5400.000 today the relevant discount rate is , which offer should they choose? Show calculations ve 2 offers. Their friend has offered to pay them 6. 29 total points. You have decided that...
You are looking at investing in a real estate property that you expect might be worth...
You are looking at investing in a real estate property that you expect might be worth $1,897,532 in 9 years. Based on the risk of the property, you require a retum of 9.29%. What is the most you should be willing to pay for it today? enter only numbers and decimals in your response. Round to 2 decimal places. Use your financial calcuator. Question 4 of 7 Moving to another question will save this response w 16 MacBook Air
You've borrowed $2,244.14 and agreed to pay back the loan with monthly payments of $140. Assume...
You've borrowed $2,244.14 and agreed to pay back the loan with monthly payments of $140. Assume the interest rate is 15% stated as an APR. a. How long will it take you to pay back the loan? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Number of months b. What is the effective annual rate on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Effective...
Question 2 You have received an inheritance which will pay you $2,827 every month for 13 years. If the relevant rate is 7.99% per year. How much is it worth today? Enter only numbers and decimals in your response. Round to 2 decimal places. Use your financial calculator. Question 2 of 7 Moving to another question will save this response
Moving to another question will save this response Question 3 of 22 Question 3 10 points Save Answer Your older sister deposited $5,000 today at 7 percent interest for 5 years. You would like to have just as much money at the end of the next 5 years as your sister will have. However, you can only earn 8.75 percent interest. How much more (less) money must you deposit today than your sister dad if you are to have the...
30. value: 1.00 points Your parents have accumulated a $150,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney. However, Courtney has decided to forgo college and start a nail salon. Your parents are giving Courtney $18,000 to help her get started, and they have decided to take year-end vacations costing $12,000 per year for the next four years. Use 6 percent as the appropriate interest...
5. 14 points. Your na points. Your parents are selling their vacation home and have 2 offers. Their friend has $100,000 today and $120.000 for each of the next three ye and $120.000 for each of the next three years. A broker has offered to pay them 5400.000 today the relevant discount rate is , which offer should they choose? Show calculations ve 2 offers. Their friend has offered to pay them 6. 29 total points. You have decided that...
You are looking at investing in a real estate property that you expect might be worth $1,897,532 in 9 years. Based on the risk of the property, you require a retum of 9.29%. What is the most you should be willing to pay for it today? enter only numbers and decimals in your response. Round to 2 decimal places. Use your financial calcuator. Question 4 of 7 Moving to another question will save this response w 16 MacBook Air
You've borrowed $2,244.14 and agreed to pay back the loan with monthly payments of $140. Assume the interest rate is 15% stated as an APR. a. How long will it take you to pay back the loan? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Number of months b. What is the effective annual rate on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Effective...
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