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QUESTION

# Please solution this answer before today 11:59pm on closed out Question 6 Assume you receive \$25,500 from an expired 10-year, 4.5% savings...

Question 6 Assume you receive \$25,500 from an expired 10-year, 4.5% savings certificate. If interest was compounded annually, how much was initially deposited at the beginning of the time period (i.e., what is the present value of the savings certificate)?

\$16,543 \$16,555 \$16,420 \$16,820

Question 7 an investment will pay \$50 at the end of each of the next 3 years, and \$250 at the end of Year 4. If other investments of equal risk earn 12% annually, what is its present value?

\$325 \$277 \$279 \$400

Question 8 you purchase Apple stock (ticker: AAPL) for \$125. After 13 years, you sell the stock for \$354. What is your average annual return over the life of your investment in Apple?

225% 12.3% 8.3% 10.5%

Question 9 would you rather have \$1,500 in 2 years, or \$1,450 in 1 year? Assume you can make 1.2% on your investments.

\$1,450 in 2 years since its PV is \$8 higher; \$1,500 in 2 years since its PV is \$32 higher; \$1,500 in 2 years since its PV is \$15 higher; \$1,450 in 2 years since its PV is \$56 higher

Question 10 If Kara has \$5,000 invested in Northern Bank, which pays 3.8% annually, how long will it take for her funds to triple?

29 years 27 years 28 years 25 years