question 16 please

question 16 please

#11 If you are willing to pay $26,337.00 today to receive a perpetuity with the first payment occurring next year then the payment must be $ Assume a 10.00% discount rate. unanswered Submit not submitted Attempts Remaining: 3 Answer format: Currency: Round to: 2 decimal places. #12 unanswered An engaged couple agrees to get married once their savings equal $56,900.00. They have $28,500.00 at the moment and will invest the money in an account that earns 9.00% per year. How many years will the engagement last? Submit Answer format: Number: Round to: 2 decimal places. not_submitted Attempts Remaining: 3 13 A loan shark offers $9,859.00 today in exchange for paying him $1,600.00 per year forever. What is the annual rate of interest on this "loan"? unanswered Submit not submitted Attempts Remaining: 3 Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) #14 Assume a bank offers an effective annual rate of 6.52%. If compounding is quarterly what is the APR? unanswered Submit not submitted Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) Attempts Remaining: 3 $15 unanswered You are considering loaning Caspian Sea Drinks $250,000.00. You require an 8.00% rate of return. Caspian Sea Drinks must promise to make equal payments of s per year over the next 10.00 years in order for you to make the loan. The first payment will be made one year from today. Submit not_submitted Attempts Remaining: 3 Answer format: Currency: Round to: 2 decimal places. #16 Derek borrows $254,710.00 to buy a house. He has a 30-year mortgage with a rate of 4.67%. The monthly mortgage payment is s unanswered Submit not_submitted Attempts Remaining: 3 Answer format: Currency: Round to: 2 decimal places. #17 Derek borrows $286,199.00 to buy a house. He has a 30-year mortgage with a rate of 4.99%. After making 85.00 payments, how much does he owe on the mortgage? unanswered Submit not_submitted Attempts Remaining: 3 Answer format: Currency: Round to: 2 decimal places