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Quiz 3 is based on Chapter 4 material. Instructions Multiple Attempts Not allowed. This Test can only be taken once. Force Completion This Test can be saved and resumed later. Question Completion Status: Question 1 How many years it will take to grow your money from $4,140 to $9,250 if you can earn an interest of 7% compounded quarterly? Note: Do not write “years” in your answer. Simply write the number in the answer box. Answer 1 points Question 2 Assume interest rate of 4%. A company receives cash flows of $81,403 at the end of years 4, 5, 6, 7, and 8, and cash flows of $289,772 at the end of year 10. Compute the future value of this cash flow stream. Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points. Answer 1 points Question 3 Consider a 10-year loan with monthly payments at 10%. If the loan amount is $250,000, compute the Interest paid during the 6th year. Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. Answer 1 points Question 4 Today, you are purchasing a $3,881 10-year car loan at 13 percent. You will pay annually at the end of each year. What is the amount of each payment? Answer 1 points Question 5 If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth in 21 months (round to the nearest dollar)? Answer a. $827 b. $1,176 c. $833 d. $828 e. $770 1 points Question 6 The Perpetual Life Insurance Co is trying to sell you an investment policy that will pay you and your heirs $13,896 per year forever. Suppose the Perpetual Life Insurance Co. told you the policy costs $186,428. At what interest rate would this be a fair deal? Just enter the number in percentages up to 2 decimal points. Do not enter % in the answer box. Answer 1 points Question 7 Kelly starting setting aside funds 3 years ago to buy some new equipment for her firm. She has saved $4,490 each quarter and earned an average rate of return of 8 percent. How much money does she currently have saved for this purpose? Answer 1 points Question 8 How many years it will take you to quadruple (means 4 times) your money if you can earn 3.08% each year? Note: Do not write “years” in your answer. Simply write the number in the answer box. Answer 1 points Question 9 Assume interest rate of 9%. Suppose that you receive $73,621 at the end of each year for 4 years. Suppose that this cash flow starts at the end of the fourth year. Compute the present value. Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points. Answer 1 points Question 10 Gertrude Carter and Co. has an outstanding loan that calls for equal annual payments of $14,903 over the 10-year life of the loan. The original loan amount was $100,000 at an APR of 8 percent. How much of the third payment is interest? Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points. Answer 1 points Question 11 What is the effective rate of 13% compounded monthly? Do not enter the symbol % in your answer. Simply enter the answer in percentages rounded off to two decimal points. Answer 1 points Question 12 How many years it will take to grow your money from $4,118 to $6,536 if you can earn an interest of 6% compounded monthly? Note: Do not write “years” in your answer. Simply write the number in the answer box. Answer 1 points Question 13 What is the future value of quarterly payments of $582 for 6 years at 5 percent? Answer 1 points Question 14 Assume interest rate of 4%. A company receives cash flows of $559 at the end of year 5, $242 at the end of year 7, and $962 at the end of year 10. Compute the future value of this cash flow stream. Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points. Answer 1 points Question 15 How many years it will take you to double your money if you can earn 11% each year, given that compounding is quarterly? Note: Do not write “years” in your answer. Simply write the number in the answer box. Answer 1 points Question 16 023A:If you can double your money in 7 years, what is the implied annual rate of interest, given that compounded semi-annually? Note: give your answer in percentages. Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box. Answer 1 points Question 17 026:Say, you deposit $4,770 in a bank for 19 years. What is the amount you will have in the bank at the end of 19 years if interest of 4 % for first 6 years and interest of 7 % for the remaining years? Note: Do not put $ sign in your answer. Simply write the number in the answer box. Answer 1 points Question 18 If you can triple your money in 7 years, what is the implied rate of interest? Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box.. Answer 1 points Question 19 How many months it will take to grow your money from $4,781 to $7,279 if you can earn an interest of 15% compounded monthly? Note: Do not write “months” in your answer. Simply write the number in the answer box. Answer 1 points Question 20 Barrett Pharmaceuticals is considering a drug project that costs $192,279 today and is expected to generate end-of-year annual cash flows of $13,125, forever. At what discount rate would Barrett be indifferent between accepting and rejecting the project? Just enter the number in percentages up to 2 decimal points. Do not enter % in the answer box. Answer 1 points Question 21 What is the future value of $2,721 invested for 14 years at 17% if interest is compounded quarterly? Note: Do not put $ sign in your answer. Simply write the number in the answer box. Answer 1 points Question 22 How much do you need to invest today in order to have $5,977 at the end of 16 years if you are sure to earn an interest at the rate of 13%? Note: Do not put $ sign in your answer. Simply write the number in the answer box. Answer 1 points Question 23 027:Say, you deposit $3,531 in a bank for 17 years. What is the amount you will have in the bank at the end of 17 years if interest of 6 % compounded monthly for first 8 years and interest of 7 % compounded quarterly for the remaining years? Note: Do not put $ sign in your answer. Simply write the number in the answer box. Answer 1 points Question 24 What is the future value of $846 invested for 23 years at 10% if interest is compounded semi-annually? Note: Do not put $ sign in your answer. Simply write the number in the answer box. Answer 1 points Question 25 What is the future value of $4,402 for 8 years at 3 percent if interest is compounded semi-annually? Note: Do not enter “$” in your answer. Simply write down the number that you get as your answer. Answer 1 points Question 26 The ABC Company is considering a new project which will require an initial cash investment of $5,692. The project will produce no cash flows for the first 5 years. The projected cash flows for years 6 through 9 are $2,889, $4,419, $4,463, and $5,459, respectively. If the appropriate discount rate is 12%, compute the NPV of the project. Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. Answer 1 points Question 27 If the effective rate is 15%. What is the nominal rate if compounding is daily. Do not enter the symbol % in your answer. Simply enter the answer in percentages rounded off to two decimal points. Answer 1 points Question 28 What is the future value of annual payments of $2,727 for 17 years at 7 percent? Answer 1 points Question 29 How much do you need to invest today in order to have $652 at the end of 11 years if you are sure to earn an interest at the rate of 7%, if interest is compounded quarterly? Note: Do not put $ sign in your answer. Simply write the number in the answer box. Answer 1 points Question 30 What should you be willing to pay in order to receive $687 annually forever, if you require 11% per year on the investment? Just enter the number up to 2 decimal points. Do not enter $ in the answer box. Answer 1 points Question 31 How much do you need to invest today in order to have $5,156 at the end of 22 years if you are sure to earn an interest at the rate of 7%, if interest is compounded monthly? Note: Do not put $ sign in your answer. Simply write the number in the answer box. Answer 1 points Question 32 The ABC Company is considering a new project which will require an initial cash investment of $17,248. The projected cash flows for years 1 through 4 are $7,945, $8,617, $9,024, and $5,467, respectively. If the appropriate discount rate is 4%, compute the NPV of the project. Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. Answer 1 points Question 33 What is the future value of $4,678 invested for 10 years at 14% if interest is compounded semi-annually (twice a year)? Note: Do not put $ sign in your answer. Simply write the number in the answer box. Answer 1 points Question 34 In order to buy a house, you take a loan of 100,000 at 7.5% for a period of 13 years. Compute the balance remaining at the end of 5 years. Do not enter the symbol $ in your answer. Enter your answer as a positive number. Simply enter the answer rounded off to two decimal points. Answer 1 points Question 35 If you can double your money in 22 years, what is the implied annual rate of interest, given that compounded in quarterly? Note: give your answer in percentages. Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box. Answer 1 points Question 36 If you receive $308 at the end of each year for the first three years and $619 at the end of each year for the next three years. What is the present value? Assume interest rate is 5%. Hint: This is an uneven cash flow problem. Use the CF function and solve for NPV to get the answer.

Quiz 3 is based on Chapter 4 material.

Instructions
Multiple Attempts Not allowed. This Test can only be taken once.
Force Completion This Test can be saved and resumed later.
Question Completion Status:

Question 1

How many years it will take to grow your money from $4,140 to $9,250 if you can earn an interest of 7% compounded quarterly? Note: Do not write “years” in your answer. Simply write the number in the answer box.
Answer
1 points
Question 2

Assume interest rate of 4%. A company receives cash flows of $81,403 at the end of years 4, 5, 6, 7, and 8, and cash flows of $289,772 at the end of year 10. Compute the future value of this cash flow stream.

Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points.

Answer
1 points
Question 3

Consider a 10-year loan with monthly payments at 10%. If the loan amount is $250,000, compute the Interest paid during the 6th year.

Enter your answer rounded off to two decimal points. Do not enter $ in the answer box.

Answer
1 points
Question 4

Today, you are purchasing a $3,881 10-year car loan at 13 percent. You will pay annually at the end of each year. What is the amount of each payment?
Answer
1 points
Question 5

If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth in 21 months (round to the nearest dollar)?
Answer
a.
$827
b.
$1,176
c.
$833
d.
$828
e.
$770
1 points
Question 6

The Perpetual Life Insurance Co is trying to sell you an investment policy that will pay you and your heirs $13,896 per year forever. Suppose the Perpetual Life Insurance Co. told you the policy costs $186,428. At what interest rate would this be a fair deal? Just enter the number in percentages up to 2 decimal points. Do not enter % in the answer box.

Answer
1 points
Question 7

Kelly starting setting aside funds 3 years ago to buy some new equipment for her firm. She has saved $4,490 each quarter and earned an average rate of return of 8 percent. How much money does she currently have saved for this purpose?
Answer
1 points
Question 8

How many years it will take you to quadruple (means 4 times) your money if you can earn 3.08% each year? Note: Do not write “years” in your answer. Simply write the number in the answer box.
Answer
1 points
Question 9

Assume interest rate of 9%. Suppose that you receive $73,621 at the end of each year for 4 years. Suppose that this cash flow starts at the end of the fourth year. Compute the present value.

Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points.
Answer
1 points
Question 10

Gertrude Carter and Co. has an outstanding loan that calls for equal annual payments of $14,903 over the 10-year life of the loan. The original loan amount was $100,000 at an APR of 8 percent. How much of the third payment is interest?

Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points.

Answer
1 points
Question 11

What is the effective rate of 13% compounded monthly?
Do not enter the symbol % in your answer. Simply enter the answer in percentages rounded off to two decimal points.

Answer
1 points
Question 12

How many years it will take to grow your money from $4,118 to $6,536 if you can earn an interest of 6% compounded monthly? Note: Do not write “years” in your answer. Simply write the number in the answer box.
Answer
1 points
Question 13

What is the future value of quarterly payments of $582 for 6 years at 5 percent?
Answer
1 points
Question 14

Assume interest rate of 4%. A company receives cash flows of $559 at the end of year 5, $242 at the end of year 7, and $962 at the end of year 10. Compute the future value of this cash flow stream.

Do not enter the symbol $ in your answer. Simply enter the answer rounded off to two decimal points.

Answer
1 points
Question 15

How many years it will take you to double your money if you can earn 11% each year, given that compounding is quarterly? Note: Do not write “years” in your answer. Simply write the number in the answer box.
Answer
1 points
Question 16

023A:If you can double your money in 7 years, what is the implied annual rate of interest, given that compounded semi-annually? Note: give your answer in percentages. Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box.
Answer
1 points
Question 17

026:Say, you deposit $4,770 in a bank for 19 years. What is the amount you will have in the bank at the end of 19 years if interest of 4 % for first 6 years and interest of 7 % for the remaining years? Note: Do not put $ sign in your answer. Simply write the number in the answer box.
Answer
1 points
Question 18

If you can triple your money in 7 years, what is the implied rate of interest? Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box..
Answer
1 points
Question 19

How many months it will take to grow your money from $4,781 to $7,279 if you can earn an interest of 15% compounded monthly? Note: Do not write “months” in your answer. Simply write the number in the answer box.
Answer
1 points
Question 20

Barrett Pharmaceuticals is considering a drug project that costs $192,279 today and is expected to generate end-of-year annual cash flows of $13,125, forever. At what discount rate would Barrett be indifferent between accepting and rejecting the project?

Just enter the number in percentages up to 2 decimal points. Do not enter % in the answer box.

Answer
1 points
Question 21

What is the future value of $2,721 invested for 14 years at 17% if interest is compounded quarterly? Note: Do not put $ sign in your answer. Simply write the number in the answer box.
Answer
1 points
Question 22

How much do you need to invest today in order to have $5,977 at the end of 16 years if you are sure to earn an interest at the rate of 13%? Note: Do not put $ sign in your answer. Simply write the number in the answer box.
Answer
1 points
Question 23

027:Say, you deposit $3,531 in a bank for 17 years. What is the amount you will have in the bank at the end of 17 years if interest of 6 % compounded monthly for first 8 years and interest of 7 % compounded quarterly for the remaining years? Note: Do not put $ sign in your answer. Simply write the number in the answer box.
Answer
1 points
Question 24

What is the future value of $846 invested for 23 years at 10% if interest is compounded semi-annually? Note: Do not put $ sign in your answer. Simply write the number in the answer box.
Answer
1 points
Question 25

What is the future value of $4,402 for 8 years at 3 percent if interest is compounded semi-annually? Note: Do not enter “$” in your answer. Simply write down the number that you get as your answer.
Answer
1 points
Question 26

The ABC Company is considering a new project which will require an initial cash investment of $5,692. The project will produce no cash flows for the first 5 years. The projected cash flows for years 6 through 9 are $2,889, $4,419, $4,463, and $5,459, respectively. If the appropriate discount rate is 12%, compute the NPV of the project.
Enter your answer rounded off to two decimal points. Do not enter $ in the answer box.
Answer
1 points
Question 27

If the effective rate is 15%. What is the nominal rate if compounding is daily. Do not enter the symbol % in your answer. Simply enter the answer in percentages rounded off to two decimal points.
Answer
1 points
Question 28

What is the future value of annual payments of $2,727 for 17 years at 7 percent?
Answer
1 points
Question 29

How much do you need to invest today in order to have $652 at the end of 11 years if you are sure to earn an interest at the rate of 7%, if interest is compounded quarterly? Note: Do not put $ sign in your answer. Simply write the number in the answer box.
Answer
1 points
Question 30

What should you be willing to pay in order to receive $687 annually forever, if you require 11% per year on the investment?

Just enter the number up to 2 decimal points. Do not enter $ in the answer box.

Answer
1 points
Question 31

How much do you need to invest today in order to have $5,156 at the end of 22 years if you are sure to earn an interest at the rate of 7%, if interest is compounded monthly? Note: Do not put $ sign in your answer. Simply write the number in the answer box.
Answer
1 points
Question 32

The ABC Company is considering a new project which will require an initial cash investment of $17,248. The projected cash flows for years 1 through 4 are $7,945, $8,617, $9,024, and $5,467, respectively. If the appropriate discount rate is 4%, compute the NPV of the project.
Enter your answer rounded off to two decimal points. Do not enter $ in the answer box.
Answer
1 points
Question 33

What is the future value of $4,678 invested for 10 years at 14% if interest is compounded semi-annually (twice a year)? Note: Do not put $ sign in your answer. Simply write the number in the answer box.
Answer
1 points
Question 34

In order to buy a house, you take a loan of 100,000 at 7.5% for a period of 13 years. Compute the balance remaining at the end of 5 years.

Do not enter the symbol $ in your answer. Enter your answer as a positive number. Simply enter the answer rounded off to two decimal points.

Answer
1 points
Question 35

If you can double your money in 22 years, what is the implied annual rate of interest, given that compounded in quarterly? Note: give your answer in percentages. Note: Do not put % sign in your answer. Simply write the number in percentages in the answer box.
Answer
1 points
Question 36

If you receive $308 at the end of each year for the first three years and $619 at the end of each year for the next three years. What is the present value? Assume interest rate is 5%.

Hint: This is an uneven cash flow problem. Use the CF function and solve for NPV to get the answer.

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Order Now