Answer Happy

n D Question 7 1 pts An investment is expected to pay nothing for 4 years, then will pay $18 thousand per year for 4 years. If your required rate of return is 5%, what is the maximum you should be willing to pay for this investment? It may be very helpful here to draw a timeline! Question 8 1 pts A client has $184 thousand in a bank account, which pays 8% APR compounded monthly. Since FDIC protection only applies on amounts at or below $250 thousand, he wants to know how long it will take for the account to exceed this value. Enter answer in months, accurate to two decimal places.