Q16) What is the most that you would pay for an investment that promises to pay$14,812.00a year forever with the first payment starting one year from now?Assume that your required rate of return for this investment is23.43% .  

Q17) A loan has a stated annual rate of 3.97% . If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest? 

Q18) You invest $2,726.00at the beginning of every year and your friend invests$2,726.00at the end of every year.If you both earn an annual rate of return of4.57% , how much more money will you have after 36.0years?  

Q19) You currently have$650.00in a retirement Savings account that earns an annual return of7.58% .You want to retire in40.0years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal?  

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Q16 To calculate the present value of an investment that promises to pay 1481200 per year forever we can use the formula for the present value of a pe... View the full answer