University of North Georgia, Dahlonega FINC 3440 Exam 6 1)What is the present value of $200 to be received in nine years if the discount rate is 5.7% per year? What annual interest rate is required for an amount to triple in six years? What is the present value of an ordinary annuity that pays $300 annually for six years if the discount rate is 7.9% per year? If the future value of an ordinary annuity that pays $133.93 each year for six years is $1,000.00, what is the annual interest rate? If you borrow $32,000 for six years to buy a car at an interest rate of 4% per year, what is the monthly loan payment? Assume that you borrow $200,000 for five years at an interest rate of 7.9% per year. If the loan has monthly payments, what is the amount of interest in the first payment? Assume that you borrow $9,300 for five years at an interest rate of 6.6% per year. If the loan has annual payments, what is the amount of principal in the first payment? What is the present value of a perpetuity

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University of North Georgia, Dahlonega FINC 3440 Exam 6 1)What is the present value of $200 to be received in nine years if the discount rate is 5

Finance Jun 17, 2021

University of North Georgia, Dahlonega

FINC 3440

Exam 6

1)What is the present value of $200 to be received in nine years if the discount rate is 5.7% per year?

What annual interest rate is required for an amount to triple in six years?
What is the present value of an ordinary annuity that pays $300 annually for six years if the discount rate is 7.9% per year?
If the future value of an ordinary annuity that pays $133.93 each year for six years is $1,000.00, what is the annual interest rate?
If you borrow $32,000 for six years to buy a car at an interest rate of 4% per year, what is the monthly loan payment?

Assume that you borrow $200,000 for five years at an interest rate of 7.9% per year. If the loan has monthly payments, what is the amount of interest in the first payment?
Assume that you borrow $9,300 for five years at an interest rate of 6.6% per year. If the loan has

annual payments, what is the amount of principal in the first payment?

What is the present value of a perpetuity that pays $20,000 per year when the discount rate is 12.1% per year?
Assume that you will invest $300 in one year, $400 in two years, and $500 in three years. If you

earn an interest rate of 8.2% per year, how much will you have in three years?

Assume that you have $100,000 in your retirement account, you plan to invest $15,000 at the end of each year, and your goal is to have $1,000,000. If you earn an interest rate of 6.7% per year, how many years will it take for you to achieve your goal?

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