Reference no: EM132003341
1. You have $1,583 today, and want to double your money in 9 years. What interest rate must you earn to achieve your goal? Enter rate in percents, accurate to two decimal places.
2. The house you want to buy costs $285 thousand. You plan to make a cash down payment of 10 percent, and borrow the rest in a 30 year mortgage at 3.11 percent APR. What will be the amount of your monthly mortgage payment?
3. Your mortgage statement says that your loan is at 7.02 percent APR, with monthly payments. What is the effective annual rate on your mortgage (i.e., taking into account the monthly compounding)? Enter answer in percents, accurate to two decimal places.
4. Today you deposit $8 thousand into an account paying 7% APR compounded daily. How much money will you have in the account 10 years from now?
5. You will receive $1,378 at the end each year in years 1 through 10, $2,274 in years 11 through 20, and $2,687 in years 21 through 30. How much is all this worth today, if the required rate of return is 9%?
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Determine how much the semiannual payment
: Determine how much the semiannual payment should be. Determine how much the revised semiannual payments should be after this rate change
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How much would you be willing to pay for this bond
: If your required return on this investment is 7.8 percent APR, how much would you be willing to pay for this bond?
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What are the impacts of information technology
: What does it mean when someone says "You get what you measured"? What are the impacts of information technology?
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Use the exact relationship between real and nominal rates
: What was your real rate of return? Use the exact relationship between real and nominal rates.
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What interest rate must you earn to achieve your goal
: You have $1,583 today, and want to double your money in 9 years. What interest rate must you earn to achieve your goal?
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Rate of return earned over unspecified time period
: Calculate the rate of return earned over the unspecified time period.
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What is maximum you should be willing to pay for investment
: You are thinking of investing in a project that will pay you $100,000 6 years from now, What is the maximum you should be willing to pay for this investment?
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Calculate the annual cash flows from fixed-payment
: Calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 25-year annuity is $1.1 million
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Calculate the line loss ratio-expense ratio-dividend ratio
: Calculate the line’s loss ratio, expense ratio, dividend ratio, combined ratio (after dividends), investment ratio, operating ratio, and overall profitability.
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