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1) Rangga received a prize of $1,000 each year for the next 50 years after winning an online contest. The following is the current worth of these winnings:
a. future value.b. present value.c. single amount.d. simple amount.
2) You've decided to put $100 into a savings account today. Which of the following words best describes the investment's one year later?
a. Present valueb. Discounted valuec. Future valued. Future value annuity due
3) You recently got a $5,000 present from your grandmother, which you want to save and give to your grandkids in 50 years. Over the next 50 years, how much more money will you give if you earn 7.5 percent interest instead of 7 percent?
a. $38,663.60b. $39,464.79c. $38,211.16d. $37,811.99
535-WEEK2HMK #1- An investor recently purchased a corporate bond that yields 9%. The investor is in the 36% combined federal and state tax bracket. What is the bond's after-tax yield? PLEASE EXPLAN IN DETAIL
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