Three years ago, Evelyn invested $6,040.00. In 1 year from today, he expects to have $9,190.00....

Transcribed Image Text:

Three years ago, Evelyn invested $6,040.00. In 1 year from today, he expects to have $9,190.00. If Evelyn expects to earn the same annual return after 1 year from today as the annual rate implied from the past and expected values given in the problem, then how much does Evelyn expect to have in 4 years from today? $12,589.96 (plus or minus 3 dollars) $13,982.80 (plus or minus 3 dollars) O $13,982.80 (plus or minus 3 dollars) O $16,082.50 (plus or minus 3 dollars) none of the answers are within 3 dollars of the correct answer QUESTION 2 Two years ago, Christopher invested $1,540.00. He has earned and will earn compound interest of 8.52 percent per year. If Marion invests $1,760.00 in 1 year from today and earns simple interest, then how much simple interest per year must Marion earn to have the same amount of money in 6 years from today as Christopher will have in 6 years from today? Answer as an annual rate. O A rate equal to or greater than 36.06% but less than 56.06% A rate less than 14.91% or a rate greater than 60.87% A rate equal to or greater than 14.91% but less than 17.31% A rate equal to or greater than 56.06% but less than 60.87% A rate equal to or greater than 17.31% but less than 36.06% QUESTION 3 What is X if X equals the value of investment A plus the value of investment B? Investment A is expected to pay $25,400.00 in 6 years from today and has an expected return of 14.21 percent per year. Investment B is expected to pay $36,800.00 in 9 years from today and has an expected return of 8.80 percent per year. O $23,020.17 (plus or minus 3 dollars) $26,757.82 (plus or minus 3 dollars) Three years ago, Evelyn invested $6,040.00. In 1 year from today, he expects to have $9,190.00. If Evelyn expects to earn the same annual return after 1 year from today as the annual rate implied from the past and expected values given in the problem, then how much does Evelyn expect to have in 4 years from today? $12,589.96 (plus or minus 3 dollars) $13,982.80 (plus or minus 3 dollars) O $13,982.80 (plus or minus 3 dollars) O $16,082.50 (plus or minus 3 dollars) none of the answers are within 3 dollars of the correct answer QUESTION 2 Two years ago, Christopher invested $1,540.00. He has earned and will earn compound interest of 8.52 percent per year. If Marion invests $1,760.00 in 1 year from today and earns simple interest, then how much simple interest per year must Marion earn to have the same amount of money in 6 years from today as Christopher will have in 6 years from today? Answer as an annual rate. O A rate equal to or greater than 36.06% but less than 56.06% A rate less than 14.91% or a rate greater than 60.87% A rate equal to or greater than 14.91% but less than 17.31% A rate equal to or greater than 56.06% but less than 60.87% A rate equal to or greater than 17.31% but less than 36.06% QUESTION 3 What is X if X equals the value of investment A plus the value of investment B? Investment A is expected to pay $25,400.00 in 6 years from today and has an expected return of 14.21 percent per year. Investment B is expected to pay $36,800.00 in 9 years from today and has an expected return of 8.80 percent per year. O $23,020.17 (plus or minus 3 dollars) $26,757.82 (plus or minus 3 dollars)

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Lets break down each question and calculate the answers Question 1 Three years ago Evelyn invested 6040 In 1 year from today he expects to ... View the full answer