Details of this Paper

1. First Choice Bank pays 9% APR compounded quarte...




1. First Choice Bank pays 9% APR compounded quarterly on its business loans. National Emerald Bank pays 19% APR compounded semiannually. The EAR for First Choice and National Emerald Bank are: ?9.31% and 19.90%, respectively ?9% and 19.50%, respectively ?9.31% and 19.50%, respectively ?9% and 19.90%, respectively 2. LED Computer Electronics is considering an investment that will have cash flows of $5,000, $6,000, $7,000 and $10,000 for years 1 through 4. What is the approximate value of this investment today if the appropriate discount rate is 9% per year? ?$22,250 ?$30,520 ?$22,120 ?None of the above 3. You deposited $3,000 in your bank account today. An increase in which of the following will increase the future value of your deposit assuming that all interest is reinvested? Assume the interest rate is a positive value. Select all answers that apply: ?interest rate ?initial amount of your deposit ?frequency of the interest payments ?length of the investment period 4. If you borrow $50,000 today at 10% interest for eight years. How much of your second payment will be applied to interest? ?$5,000 ?$4,562 ?$4,809 ?cannot be determined with the information given


Paper#8819 | Written in 18-Jul-2015

Price : $25