Question

You have $150,000 to invest today. You found a deal that will pay you $300,000 if you wait 20 years before you withdraw the money? What is the implied rate of interest in you invest and wait 20 years?

3.2%

3.5%

5.1%

6.2%

6.8%

Assume you have $5,000 today in a bank savings account, you plan to add $2,000 one year from now and $3,000 two years from now. How much will you have in the bank at the end of year 2 if you earn 4.5% annual interest?

$10,000

$10,080

$10,320

$10,550

$10,890

Answer 1

Cuen 2 SISOOO0 S.Yolu3s alo 20Ys Oper 2T 300000 By ushgexcal Y(ao,0,-1S0000,300000) Rate 37 "d option 3.S/. s Ne (ore ct one.

for tu va(ue TCal Calotion of Future LuC4.51.,1,0, -2000) year (nao yeav fu - fu (s/.,a, o, -So0o) S,460.13 Ath At Ho erd of Qyear Ho bank has 2o0+ Sub60.13+ 3000 1OSSO O SSO dptio n 10SSO is the Covet one.