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Question;Susan is planning to accumulate;\$400,000 by the end of 40 years by making 40 equal annual deposits. If she;can earn an annual compound rate of 20% on her investment, how much must each;deposit be in order to accumulate the \$400,000? Choose the closest answer.;\$20;\$55;\$45;\$10,000;\$732.67;What is the;present value of a perpetuity that pays \$5,000 annually when the required;rate of return is 9.3%?;\$465;\$5,465;\$95;\$53,763;Find the;present value of \$40,000 to be received 5 years from now discounted at 8%;quarterly.;\$8,136;\$18,528;\$654,057;\$26,918;If a;borrower promises to pay you \$4,000 8 years from now in return for a loan of;\$2000 today, what effective annual interest rate is being offered?;8.29%;9.05%;no solution;7.42%;You purchase an;asset for \$1,000 today. Interest on the investment will be compounded monthly;at 8% for 6 years. What will be the value of this investment when it matures?;\$254,986;\$1,469;\$1,614;\$1,587

Paper#48357 | Written in 18-Jul-2015

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