You have the opportunity to purchase mineral rights to a

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Reference no: EM13623266

1) You are saving money for a down payment on a new house. You intend to place $5,000 at the end of each year for three years into an account earning 6% per year. At the end of the fourth year, you will place $10,000 into this account. How much money will be in the account at the end of the fourth year?

A) $26,518.17

B) $26,873.08

C) $25,918.00

D) $25,000.00

2) If you borrow $50,000 at an annual interest rate of 12% for six years, what is the annual payment (prior to maturity) on a fully amortized loan?

A) $6,000.00

B) $8,333.33

C) $0.00

D) $12,161.29

3) You have the opportunity to purchase mineral rights to a property in North Dakota with expected annual cash flows of $10,000 per year for eight years. If you discount these cash flows at a rate of 12% per year, what are these cash flows worth today if the cash flows occur at the end of each period?

A) $49,676.40

B) $80,000.00

C) $122,996.93

D) $55,637.57

Reference no: EM13623266

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