How many years will you make payments on the loan

Assignment Help Financial Management

Reference no: EM132071710

1. You borrowed $1,500 at 6% compounded annually. Your payments are $143.17 at the end of each year. How many years will you make payments on the loan?

a. 17 years

b. 19 years

c. forever

d. 20 years

e. 18 years

2. You just won the lottery. You and your heirs will receive $26,000 per year forever, beginning one year from now. What is the present value of your winnings at an 8% discount rate?

a. $325,000

b. $312,500

c. $337,500

d. $200,000

e. $182,500

Reference no: EM132071710

Questions Cloud

Discuss product adaptation in terms of why to adapt : Products especially consumer goods, such as apparel, jewelry, or foods require product adaptation for entering a foreign market.

How technology impacts global business today : How technology impacts global business today? Discuss this issue with a specific case (in negative or positive aspect) from a global perspective.

Information about the variables : You are analyzing GSS data, and you are interested in whether or not females and males have equal variability in their number of days of activity limitation out

Analyze whether or not harley-davidson has a source : Using all you have learned to date about Harley-Davidson, analyze whether or not Harley-Davidson has a source of sustainable competitive advantage.

How many years will you make payments on the loan : You borrowed $1,500 at 6% compounded annually. Your payments are $143.17 at the end of each year. How many years will you make payments on the loan?

Appropriate for academic writing : Make sure the spelling and grammar are correct and the language, citing and referencing you use when providing your opinion are appropriate for academic writing

Prepare the adjusting journal entry on december : Prepare the adjusting journal entry on December 31. Prepare the T-accounts for each account, enter the unadjusted balances,

Provide an outline of a research project : Please provide an outline of a research project that you intend to use as the basis for your final assessment task 3, full project proposal.

What were you thinking while you were listening : What were you thinking while you were listening? What were you feeling while you were listening? How was your body reacting while listening?

User Account

All Pages