2 points Each (10 Points Total) Q1) Suppose you signed a contract for a special assignment over the next 11 years. You w

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2 Points Each 10 Points Total Q1 Suppose You Signed A Contract For A Special Assignment Over The Next 11 Years You W 1 (142.46 KiB) Viewed 37 times

2 points Each (10 Points Total) Q1) Suppose you signed a contract for a special assignment over the next 11 years. You will be paid $6,943 at the end of each year. If your required rate of return is 15.00%, what is this contract worth in today? Q2) You need a loan to purchase new equipment. The loan will be paid off over 14 years with payments made at the end of every quarter. If the stated annual rate is 20.00% and quarterly payments are $772, what is the loan amount? Q3) You would like to purchase a car for $27,173. If the car loan is 12.00% financed over 7 years, what will the monthly payments be for this car? Q4) What is the most that you would pay for an investment that promises to pay $8,098 a year forever with the first payment starting one year from now? Assume that your required rate of return for this investment is 26.00%. Q5) A loan has a stated annual rate of 16.00%. If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest? Enter Answers Correct Answers Below Below ASSIGNMENT Lesson 06 Quiz 01 FIRST NAME LAST NAME INSTRUCTIONS When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places.