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e, what will happen to the present value of $15,000 to be received n years from today (where n gt; 0) if the interest rate decreases from 15% to 10%?...
9 QuestionsNote: There is an hour limit that has already begun. Try to get this done with by before the 60 minutes since posted. Also attached is previous Quiz with correct answer for guidance.Show all steps for the math calculation.Question 6 (8 points) Question 6 UnsavedYour neighbor is asking you to invest in a venture that will double your money in 3 year(s). Compute the annual rate of return that he is promising you? (Record your answer as a percent rounded to 1 decimal place; for example, record .186982 = 18.7% as 18.7).Your Answer:Question 6 options:AnswerSaveQuestion 7 (8 points) Question 7 UnsavedYou have just deposited X dollars in your bank account that pays interest of 25 percent p.a. You discover that at the end of one year you have $ 22,412 in the account. What was X, that is, the amount of money that you deposited today? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).Your Answer:Question 7 options:AnswerSaveQuestion 8 (8 points) Question 8 UnsavedYou want to withdraw $ 33,701 from your account at the end of one year and $ 23,209 at the end of the second year. How much should you deposit in your account today so that you can make these withdrawals? Your account pays 16 percent p.a. (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).Your Answer:Question 8 options:AnswerSaveQuestion 9 (8 points) Question 9 UnsavedYou deposit $ 7,623 in your account today. You make another deposit at t = 1 of $ 7,995 . How much will there be in your account at the end of year 1 if the interest rate is 10.2 percent p.a.? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).Your Answer:Question 9 options:AnswerSaveQuestion 10 (8 points) Question 10 UnsavedYou deposit $ 76,463 in your account today. You make another deposit at t = 1 of $ 76,710 . How much will there be in your account at the end of year 2 if the interest rate is 16 percent p.a.? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).Your Answer:Question 10 options:AnswerSaveQuestion 11 (8 points) Question 11 UnsavedYour account pays interest at 12 percent p.a.. You deposit $ 38,443 in it today. You must have exactly $ 72,965 in the account at the end of two years. What should you do at the end of the first year (that is, what dollar amount must you deposit) to ensure this? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85).Your Answer:Question 11 options:AnswerSaveQuestion 12 (8 points) Question 12 UnsavedYou invest $ 4,391 in an account today. You make no additional deposits into the account. One year from today there is $ 5,124 in the account. What is the nominal interest rate that you earned on your money? (Record your answer as a percent rounded to 1 decimal place; for example, record .527945 = 52.8% as 52.8).Your Answer:Question 12 options:AnswerSaveQuestion 13 (8 points) Question 13 UnsavedAssume Bill Jones invested $ 3,992.88 into an account exactly one year ago. The account has an interest rate of 6.8 % p.a. How much does Bill have in his account today (that is, exactly one year after the initial deposit)? (Round your answer to the nearest cent and record your answer without a dollar sign and without commas. For example, record $1,356.8382 as 1356.84).Your Answer:Question 13 options:AnswerSaveQuestion 14 (8 points) Question 14 UnsavedAssume Sheryl Jenkins wants to accumulate $ 12,680.70 in two years. She currently has $ 10,314.90 to invest. What interest rate must she earn on her investment (that is, if she deposits $ 10,314.90 today) to have $ 12,680.70 exactly two years from today?(Record your answer as a percent rounded to 1 decimal place; for example, record .527945 = 52.8% as 52.8).Your Answer:Question 14 options:AnswerSaveQuestion 15 (8 points) Question 15 UnsavedAssume Jed Gerbil invested $ 12,239 into an account exactly two years ago. The account has an interest rate of 8.5 % p.a. How much does Jed have in his account today (that is, exactly two years after the initial deposit)? (Round your answer to the nearest cent and record your answer without a dollar sign and without commas. For example, record $1,356.8382 as 1356.84).Your Answer:Question 15 options:Answer
