question 7

Content Take Test: C12, Part Two, Mock Assessment (2020FS) 1036 ve Wore your worth 6.35% compounded monthly and the $4,800 would have been received at the end of each month, what is a fair settlement? $808,237.20 $2,016,000 $812,514.12 $152,991.95 QUESTION 7 You leased retail space 12 years ago for $6,450 per month, payable at the beginning of each month. Your lease is for 20 years and allows you to sublease the space. You have decided to move your business to another location and sublease to Thai Pagoda Palace for $8,500 at the beginning of each month for the remainder of the lease. What is the value of your position (referred to as a leasehold interest), assuming that money is worth 6.7% compounded monthly? $152,021.83 $633,853.79 $152,870.62 $630,334.42 QUESTIONS Paul is a 43-year-old construction worker and decides to start a retirement plan. He figures his income for the next 10 years will be sufficient to deposit $1,000 at the end of each quarter into his retirement plan earning 7.8% coropounded quarterly. After 10 years, he will let the money sit for another 13 years, without making additional deposits, until he is 66 years old. What amount will Paul have when he turns 66? $353,162.56 $163,111.83 $251,821.18 $43,120