Question John won the lottery and has the option to receive a lump sum of $5,000,000 now or receive a $500,000 annuity every year for the next 25 years. Assuming John can earn a 10% return on his money, what would you advise him to do? Take the annuity because it is worth $50,840 more […]
Question Assuming a 6% discount rate, how much would you need to invest now to have $100,000 in 10 years with no additional investment? $23,299.86 $55,839.48 $94,000.00 $38,554.33 $75,867.96 Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
Question If you borrow $12,000 at a 6% interest rate for 5 years, how much would you have to pay each year? $16,058.71 $2,848.76 $8,967.10 $2,128.76 $3,120.00 Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
Question If you own a zero coupon bond that is that will pay $100,000 in 5 years and market interest rates for similar bonds fall from 8% to 6%, what happens to the value of your bond? The value will increase by $13,110.25 The value will decrease by $13,110.25 The value will not change The […]
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