Please solution this answer before today 11:59pm on closed out
Question 6 Assume you receive $25,500 from an expired 10-year, 4.5% savings certificate. If interest was compounded annually, how much was initially deposited at the beginning of the time period (i.e., what is the present value of the savings certificate)?
$16,543 $16,555 $16,420 $16,820
Question 7 an investment will pay $50 at the end of each of the next 3 years, and $250 at the end of Year 4. If other investments of equal risk earn 12% annually, what is its present value?
$325 $277 $279 $400
Question 8 you purchase Apple stock (ticker: AAPL) for $125. After 13 years, you sell the stock for $354. What is your average annual return over the life of your investment in Apple?
225% 12.3% 8.3% 10.5%
Question 9 would you rather have $1,500 in 2 years, or $1,450 in 1 year? Assume you can make 1.2% on your investments.
$1,450 in 2 years since its PV is $8 higher; $1,500 in 2 years since its PV is $32 higher; $1,500 in 2 years since its PV is $15 higher; $1,450 in 2 years since its PV is $56 higher
Question 10 If Kara has $5,000 invested in Northern Bank, which pays 3.8% annually, how long will it take for her funds to triple?
29 years 27 years 28 years 25 years
