You deposit $1,000 in a bank account at the beginning of Year 1. How much will be in the account after 12 years at the end of Year 127 The interest rate on the account is 4% compounded annually. $3,037 O $15.026 O s1,601 O $636 O $1,574 O $625 O $9,385 O $4,779 You will receive $1,000 at the end of five years. How much would you accept now in exchange N for your right to receive $1,000 at the end of five years? You can earn 8% on any investments you make. O $681 O $5,867 O $6,463 O s1,469 O $9,549 O 1,477 $677 O $3,993 You will receive S1,000 at the end of each year for the next 11 years. How much would you accept now in exchange for your right to receive $1,000 at the end of each year for the next 1l years? You can earn 6% on any investments you make. O S7,887 O $527 O $14,972 O $4,231 O s535 1,870 O s7,913 O $1,898 You will receive $1,000 at the end of 10 years. How much would you accept now in exchange for your right to receive $1,000 at the end of 10 years? You can earn 12% (COMPOUNDED MONTHLY] on any investments you make. O $230,039 O $425 O s69,701 O s2,200 O $303 O $455 O $3,300 O $1,000 You owe $10,000 on a loan. The loan is to be repaid in equal payments at the end of each year for the next 12 years. The interest rate on the loan is 4%. What is the amount of each of the annual loan payments? O S666 O $2,092 O $3,292 O s1.066
You deposit $1,000 in a bank account at the beginning of Year 1. How much will be in the account after 12 years at the end of Year 127 The interest rate on the account is 4% compounded annually. $3,037 O $15.026 O s1,601 O $636 O $1,574 O $625 O $9,385 O $4,779 You will receive $1,000 at the end of five years. How much would you accept now in exchange N for your right to receive $1,000 at the end of five years? You can earn 8% on any investments you make. O $681 O $5,867 O $6,463 O s1,469 O $9,549 O 1,477 $677 O $3,993 You will receive S1,000 at the end of each year for the next 11 years. How much would you accept now in exchange for your right to receive $1,000 at the end of each year for the next 1l years? You can earn 6% on any investments you make. O S7,887 O $527 O $14,972 O $4,231 O s535 1,870 O s7,913 O $1,898 You will receive $1,000 at the end of 10 years. How much would you accept now in exchange for your right to receive $1,000 at the end of 10 years? You can earn 12% (COMPOUNDED MONTHLY] on any investments you make. O $230,039 O $425 O s69,701 O s2,200 O $303 O $455 O $3,300 O $1,000 You owe $10,000 on a loan. The loan is to be repaid in equal payments at the end of each year for the next 12 years. The interest rate on the loan is 4%. What is the amount of each of the annual loan payments? O S666 O $2,092 O $3,292 O s1.066
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Need help with following questions 1,2,3,4,5
Transcribed Image Text:**Question 1:**
You deposit $1,000 in a bank account at the beginning of Year 1. How much will be in the account after 12 years at the end of Year 12? The interest rate on the account is 4% compounded annually.
Options:
- $3,037
- $15,026
- $1,601
- $636
- $1,574
- $625
- $9,385
- $4,779
---
**Question 2:**
You will receive $1,000 at the end of five years. How much would you accept now in exchange for your right to receive $1,000 at the end of five years? You can earn 8% on any investments you make.
Options:
- $681
- $5,867
- $6,463
- $1,469
- $9,549
- $1,477
- $677
- $3,993
---
**Question 3:**
You will receive $1,000 at the end of each year for the next 11 years. How much would you accept now in exchange for your right to receive $1,000 at the end of each year for the next 11 years? You can earn 6% on any investments you make.
Options:
- $7,887
- $527
- $14,972
- $4,231
- $535
- $1,870
- $7,913
- $1,898
---
**Question 4:**
You will receive $1,000 at the end of 10 years. How much would you accept now in exchange for your right to receive $1,000 at the end of 10 years? You can earn 12% (COMPOUNDED MONTHLY) on any investments you make.
Options:
- $230,039
- $425
- $69,701
- $2,200
- $303
- $455
- $3,300
- $1,000
---
**Question 5:**
You owe $10,000 on a loan. The loan is to be repaid in equal payments at the end of each year for the next 12 years. The interest rate on the loan is 4%. What is the amount of each of the annual loan payments?
Options:
- $666
-
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