What ror did we attain if we now invest

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Reference no: EM13782298

1) We receive $3,000 per semester and $87,000 in 9 years from the present.

What ROR did we attain, if we now invest $4,000?

2) We buy an asset for $20,000. We receive money to the tune of ___ per month.

At the end, 4 years later, we are paid $12,000. The ROR is 10%. What was that money receipt?

Required:

Use time value formulas,

1) future value of a single sum

2) future value of an annuity

3) Present value of a future value

4) Present value of an annuity.

Reference no: EM13782298

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