Ruby will receive 12 payments of $X every six months, beginning six months from today. If...
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Ruby will receive 12 payments of $X every six months, beginning six months from today. If the present value of all 12 payments is $3670, find the payment amount $X, given an effective annual interest rate of 9%. Select one: O O O O Today, Sohla made a $1200 investment, which will pay 15% annual interest. How much MORE money will she have after seven years, if she earns compound interest rather than simple interest? Select one: O O O O a. $490 b. $400 c. $275 d. $325 e. $530 O O O Delany takes out a $500,000 loan to open a new bar. He will repay the loan in 200 monthly installments, beginning 1 month from now. If he pays equal amounts of principal every month, what will be his third payment? Assume an effective annual rate of 15%. a. $834 b. $780 Select one: O O c. $653 d. $732 e. $700 O O a. $9,401 Rick makes an investment in which he pays $3000 today, and receives $6000 one year from today, in nominal terms. The NPV of this investment is $2,500. If inflation over the next year will be 3.5%, what is the real interest rate? b. $6,059 c. $8,299 d. $8,344 e. $7,320 Select one: O a. 5.4% b. 3.7% c. 6.1% d. 4.8% e. 3.2% Ruby will receive 12 payments of $X every six months, beginning six months from today. If the present value of all 12 payments is $3670, find the payment amount $X, given an effective annual interest rate of 9%. Select one: O O O O Today, Sohla made a $1200 investment, which will pay 15% annual interest. How much MORE money will she have after seven years, if she earns compound interest rather than simple interest? Select one: O O O O a. $490 b. $400 c. $275 d. $325 e. $530 O O O Delany takes out a $500,000 loan to open a new bar. He will repay the loan in 200 monthly installments, beginning 1 month from now. If he pays equal amounts of principal every month, what will be his third payment? Assume an effective annual rate of 15%. a. $834 b. $780 Select one: O O c. $653 d. $732 e. $700 O O a. $9,401 Rick makes an investment in which he pays $3000 today, and receives $6000 one year from today, in nominal terms. The NPV of this investment is $2,500. If inflation over the next year will be 3.5%, what is the real interest rate? b. $6,059 c. $8,299 d. $8,344 e. $7,320 Select one: O a. 5.4% b. 3.7% c. 6.1% d. 4.8% e. 3.2%
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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