QUESTION 7 An investment will pay $800 at the end of each of the next 5 years, $900 at the end of Year 6, and $700 at th

[answerhappygod]

Question 7 An Investment Will Pay 800 At The End Of Each Of The Next 5 Years 900 At The End Of Year 6 And 700 At Th 1 (297.58 KiB) Viewed 9 times

QUESTION 7 An investment will pay $800 at the end of each of the next 5 years, $900 at the end of Year 6, and $700 at the end of Year 7. What is its present value if other investments of equal risk earn 5 percent annually? O a. $4,632.65 Ob. $5.333.33 O c. $3.979.82 O d. $1,705.64 O e. $1,795.89 QUESTION 8 You want to buy a house, and a mortgage company will lend you $260,000. The loan would be fully amortized over 20 years (240 months), and the nominal interest rate would be fixed at 6.75 percent, compounded monthly. What would be the monthly mortgage payment? O a. $1,976.95 O b. $17,550.00 Oc $24,067.34 O d. $1,581.56 Oe. $13,781.45