FINA3310:03, Spring 2015 - Midterm 2, Quantitative 1. If today is year 0, what i
ID: 2644321 • Letter: F
Question
FINA3310:03, Spring 2015 - Midterm 2, Quantitative 1. If today is year 0, what is the future value of the following cash flows 10 years from now? Assume an interest rate of 7.8 percent per year Student Year Cash Flow 8.500 $9.300 5 $7,100 A. $35,21157 B.$37,235.16 C. $40,822.55 D. $42,321.68 E. S44,564.54 2 Ugonm laurance ofles an amnuity due with semiannual payments for 25 years at 6 percent interest. The w. Sodpy, What is the amount of each annuity payment? anmuity costs $200,000 today. What is the A.57546.70 B $7 600.00 C.$7 773.10 D$7,800.00 E $7.85625 3. Julle is boovwing $12.800 to purchase a car. The loan terms are 36 months at 7.5 percent interest. How muc scres will she pay on this loan if she pays the loan as pays the loan as agreed? Rou A $1338 B S1.A14 C.$1459 nd your answer to the nearest whole dollar D.$1 506 E $1534Explanation / Answer
1. C) $40822.55
2. A) $7546.70
3. E) $1534
Year Cash Flow Future Value 2 8500 $15,501.33 3 9300 $15,733.10 6 7100 $9,588.12 Total $40,822.55Related Questions
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