Login

Contact Us
Homework
Homework Questions? Ask a Tutor for Answers ASAP
Not a Homework Question?
How JustAnswer Works:
Ask an Expert
Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
Get a Professional Answer
Via email, text message, or notification as you wait on our site.
Ask follow up questions if you need to.
100% Satisfaction Guarantee
Rate the answer you receive.
Ask SteveS Your Own Question
SteveS
,
MBA
Category:
Homework
Satisfied Customers:
453
Experience:
MBA from Top 5 US Business School, Tutoring Experience for Over Two Years
18851589
Type Your Homework Question Here...
SteveS is online now
The U.S. Treasury offers to sell you a bond for $613.81. No
This answer was rated:
★
★
★
★
★
The U.S. Treasury offers to sell you a bond for $613.81. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $1,000. What interest rate would you earn if you bought this bond at the offer price?
(Points: 4)
5.91%
6.71%
7.10%
5.59%
5.00%
2. You want to buy a condo 5 years from now, and you plan to save $3,000 per year, beginning one year from today. You will deposit the money in an account that pays 6% interest. How much will you have just after you make the 5th deposit, 5 years from now? (Points: 4)
$14,764.40
$13,431.83
$16,911.28
$17,843.15
$15,119.76
3.
Your father is about to retire, and he wants to buy an annuity that will provide him with $50,000 of income per year for 20 years, beginning a year from today. The going rate on such annuities is 6%. How much would it cost him to buy such an annuity today?
(Points: 4)
$488,349.15
$416,110.34
$517,513.68
$615,976.84
$573,496.06
4.
Suppose you inherited $200,000 and invested it at 6% per year. How much could you withdraw at the end of each of the next 15 years?
(Points: 4)
$24,764.40
$23,431.83
$20,592.55
$17,843.15
$15,119.76
5.
An investment promises the following cash flow stream: $1,000 at Time 0; $2,000 at the end of Year 1 (or at T=1); $3,000 at the end of Year 2; and $5,000 at the end of Year 3. At a discount rate of 5%, what is the present value of the cash flow stream?
(Points: 4)
$9,324.89
$9,591.45
$9,945.04
$9,011.87
$9,854.13
6.
What’s the future value of $2,000 after 3 years if the appropriate interest rate is 8%, compounded monthly?
(Points: 4)
$2,854.13
$2,491.45
$2,324.89
$2,011.87
$2,540.47
7.
Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be?
(Points: 4)
$7,691.45
$7,548.02
$7,324.89
$7,011.87
$7,854.13
8.
You are buying your first house for $220,000, and are paying $30,000 as a down payment. You have arranged to finance the remaining $190,000 30year mortgage with a 7% nominal interest rate and monthly payments. What are the equal monthly payments you must make?
(Points: 4)
$1,513
$1,110
$1,264
$1,976
$1,349
9.
Your sister turned 30 today, and she is planning to save $3,000 per year for retirement, with the first deposit to be made one year from today. She will invest in a mutual fund, which she expects to provide a return of 10% per year. She plans to retire 35 years from today, when she turns 65, and she expects to live for 30 years after retirement, to age 95. Under these assumptions, how much can she spend in each year after she retires? Her first withdrawal will be made at the end of her first retirement year.
(Points: 4)
$78,976
$91,110
$88,513
$86,250
$83,049
10.
A real estate investment has the following expected cash flows:
Year Cash Flows
1 $10,000
2 25,000
3 50,000
4 35,000
If the discount rate is 8%, what is the investment’s present value?
(Points: 4)
$103,799
$ 96,110
$ 95,353
$120,000
$ 77,592
Share this conversation
Expert:
SteveS
replied 6 years ago.
THIS ANSWER IS LOCKED!
You need to spend $3 to view this post.
Add Funds
to your account and buy credits.
SteveS and 2 other Homework Specialists are ready to help you
Ask your own question now
Share this conversation
Related Homework Questions
Question
Date Submitted
1. Implement the graph ADT using the adjacency list
12/6/2016
12/6/2016
LogicPro
Help with the following multiple choice questions and short
12/6/2016
12/6/2016
GLENN
When working with strings in C(or any other language), there
12/5/2016
12/5/2016
LogicPro
Qualitative methods, linear programming
12/5/2016
12/5/2016
GLENN
I need to know the formulas for the following CK metrics:
12/3/2016
12/3/2016
F. Naz
I have a problem involving qbasic64, qbasic 64, Im working
12/2/2016
12/4/2016
Ingo U
Here are the questions it's a college physics, basic ones
12/2/2016
12/2/2016
GLENN
How is math used in the game of football
12/1/2016
12/4/2016
Donna Kakonge
NOT GLENN NOR F. NAZ PLEASE Does speed = weight of an object
12/1/2016
12/1/2016
akch2002
Elevating an injured body part above the heart for the first
11/29/2016
11/29/2016
Cher
X
Ask a Tutor
Get a Professional Answer. 100% Satisfaction Guaranteed.
52 Tutors are Online Now
Type Your Homework Question Here...
characters left: