Please enter answers into appropriate answer boxes in attached document.
Be prepared to redo work if innacurate/if you gave me a wrong answer for one of the questions submitted by you.
The assignment consists of 22 questions.
Chapter 6 homework 3 [removed][removed]
1. An investment offers $7,100 per year for 20 years, with the first payment occurring one year from now. 
If the required return is 7 percent, what is the value of the investment? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
What would the value be if the payments occurred for 45 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
What would the value be if the payments occurred for 70 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
What would the value be if the payments occurred forever? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
2. If you put up $44,000 today in exchange for a 6.75 percent, 14year annuity, what will the annual cash flow be? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
Annual cash flow 
$ [removed] 
3. If you deposit $5,500 at the end of each of the next 15 years into an account paying 11.30 percent interest, how much money will you have in the account in 15 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
How much will you have if you make deposits for 30 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
4. You want to have $74,000 in your savings account 11 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.30 percent interest, what amount must you deposit each year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
Deposit amount 
$ [removed] 
5. The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $29,000 per year forever. If the required return on this investment is 5.30 percent, how much will you pay for the policy? (Round your answer to 2 decimal places. (e.g., 32.16)) 
6. The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $20,000 per year forever. Suppose a sales associate told you the policy costs $465,000. At what interest rate would this be a fair deal? (Round your answer to 2 decimal places. (e.g., 32.16))
7. Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): 
Stated Rate (APR) 
Number of Times Compounded 
Effective Rate (EAR) 


9.8 
% 
Quarterly 
[removed]% 


18.8 
Monthly 
[removed] 


14.8 
Daily 
[removed] 


11.8 
Infinite 
[removed] 


8. Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): 
Stated Rate (APR) 
Number of Times Compounded 
Effective Rate (EAR) 

[removed]% 
Semiannually 
11.2 
% 

[removed] 
Monthly 
12.1 

[removed] 
Weekly 
9.8 

[removed] 
Infinite 
13.5 

9. First National Bank charges 14.2 percent compounded monthly on its business loans. First United Bank charges 14.5 percent compounded semiannually. 
Calculate the EAR for First National Bank and First United Bank. (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) 
EAR 

First National 
[removed]% 
First United 
[removed]% 
As a potential borrower, which bank would you go to for a new loan? 


10. Barcain Credit Corp. wants to earn an effective annual return on its consumer loans of 14.1 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
Chapter 6 homework 4
11. What is the future value of $1,900 in 18 years assuming an interest rate of 7.2 percent compounded semiannually? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
12. Gold Door Credit Bank is offering 6.3 percent compounded daily on its savings accounts. You deposit $4,700 today. 
How much will you have in the account in 4 years? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
How much will you have in the account in 12 years? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
How much will you have in the account in 19 years? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
13. An investment will pay you $35,000 in 10 years. If the appropriate discount rate is 6.2 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
14. You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you a 6.6 percent APR loan for 48 months to buy the car. 
What will your monthly payments be? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
Monthly payment 
$ [removed] 
What is the effective annual rate on this loan? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
Effective annual rate 
[removed]% 
.
15. You are planning to make monthly deposits of $310 into a retirement account that pays 9 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 35 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
16. You are planning to make annual deposits of $6,330 into a retirement account that pays 10 percent interest compounded monthly. How large will your account balance be in 28 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
17. The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. 
Year 
Cash Flow 

1 
$ 
900 

2 
980 

3 
0 

4 
1,570 

What is the present value of the cash flows? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
18. The appropriate discount rate for the following cash flows is 7.58 percent per year. 
Year 
Cash Flow 

1 
$ 
2,520 

2 
0 

3 
3,960 

4 
2,210 

What is the present value of the cash flows? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
19. You are looking at an investment that has an effective annual rate of 14.6 percent. 
What is the effective semiannual return? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
Effective semiannual return 
[removed]% 
What is the effective quarterly return? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
Effective quarterly return 
[removed]% 
What is the effective monthly return? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
Effective monthly return 
[removed]% 
20. You want to be a millionaire when you retire in 35 years. 
How much do you have to save each month if you can earn an 11.8 percent annual return? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
Savings per month 
$ [removed] 
How much do you have to save each month if you wait 10 years before you begin your deposits? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
Savings per month 
$ [removed] 
How much do you have to save each month if you wait 20 years before you begin your deposits? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
Savings per month 
$ [removed] 
21. Suppose an investment offers to triple your money in 36 months (don’t believe it). What rate of return per quarter are you being offered? (Round your answer to 2 decimal places. (e.g., 32.16)) 
22. Given an interest rate of 4.2 percent per year, what is the value at date t = 7 of a perpetual stream of $2,600 payments that begins at date t = 15? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) 
Perpetuity value 
$ [removed] 
Why Choose Us
Quality Papers
We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.
Professional Academic Writers
Over the years, our Acme Homework has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.
Affordable Prices
Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.
OnTime delivery
We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.
100% Originality
At Papers Owl, all papers are plagiarismfree as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.
Customer Support 24/7
Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@acmehomework.com.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our Services
Papers Owl has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.
Essays
At Papers Owl, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zeroplagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.
Admissions
Admission and Business Papers
Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.
Editing
Editing and Proofreading
Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.
Coursework
Technical papers
We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.