Question: Please show ALL work for each problem. John plans to buy a boat in 6 years. The boat builder has offered to allow him to

 Please show ALL work for each problem. John plans to buy

Please show ALL work for each problem.

John plans to buy a boat in 6 years. The boat builder has offered to allow him to pay for the boat in 4 annual payments of $50,000 each beginning 6 years from today. interest rate is 7%, what is the PV of the boat today? 1. If the A) $169,361 B) $112,852 C) $120,752 D) $133,268 2. You deposited $100 in a savings account 9 months ago. You currently have $107.68. What was the likely advertised APR if the bank paid interest with monthly compounding? A) B) 7.43% C) D) 7.68% 9.9% 10.2% What is the value in year 5 of the following stream of payments on the date of the last payment? Assume an interest rate of 8% 3. Year Payment $20 $25 $35 A) $60.81 B) $65.68 C) $89.35 D) $96.50

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