п»їQuestion one particular
(5 points) Carlos goes to the bank to get a personal financial loan. The mentioned annual interest level is 10%, but curiosity is compounded quarterly and he will help to make monthly payments. What is the HEADSETS? Your Solution
Score
Justification
2 . 50%
8. 94%
10. 00%
10. 38%
Correct
a few. 00
Accurate.
Total
five. 00 as well as 5. 00
Question Explanation
Interest rate conversion.
Question two
(5 points) Gloria can be 37 aiming to arrange for retirement. She gets put a low cost together and plans to save $4, 95 per year, beginning at the end on this year, in a retirement fund right up until she is 56. Assume that your woman can make several. 0% on her account. Just how much will the girl have intended for retirement at 56? Your Answer
Report
Explanation
$77, 900. 00
$153, 253. 76
Correct
5. 00
Correct.
$168, 081. 52
$101, 394. 22
Total
5. 00 / five. 00
Issue Explanation
Simple FV calculation.
Question a few
(5 points) Dominique just turned fifty eight and she gets deposited her annual payment of 20 dollars, 000 into her pension account. She made her first such saving put in into this kind of fund on her behalf 34th birthday. Dominique in addition has retired and wants to work out how much cash she has in her retirement account for her retired existence. You will be Dominique's friend who is aware finance. What is the value of Dominique's personal savings worth today given that the fund offers earned a return of 3. 5%? (Enter just the quantity in dollars without the bucks sign or a comma and round off decimals. ) Answer pertaining to Question three or more
You moved into:
Your Solution
Score
Justification
778997
Accurate
5. 00
Correct.
Total
5. 00 / a few. 00
Issue Explanation
FV value of the annuity calculations.
Question some
(5 points) Gerard features estimated that he is going to need enough in the retirement fund to withdraw $80, 000 annually beginning in the 66th birthday and for nineteen additional years thereafter. Just how much will Gerard need in his retirement accounts at age 66 if his fund can be expected to gain an annual return of six. 5%? Your Answer
Score
Explanation
$858, 776. 82
$861, 515. 89
$1, 600, 000. 00
$881, 480. fifty eight
Correct
5. 00
Right.
Total
your five. 00 as well as 5. 00
Question Reason
Mecahnics of calculating the PV of your annuity.
Query 5
(10 points) Huiling owns a rental property on Primary street, yet she is considering selling the home to another real estate investor. In planning for negotiating a price, Hueling wants to know the dimensions of the value in the property. The Net Operating Profits (NOI) is a cash flow via real estate plus the Cap Level is the rate, where NOI is rental revenue less all expenditures except loan servicing. The home has an NOI of $11, 000 each year. The local real estate market has a cap rate of 7%. What exactly fair value for the house assuming that the building's life is 35 years? (Enter just the number in dollars without the bucks sign or possibly a comma and round away decimals. ) Answer to get Question your five
You came into:
Your Answer
Score
Reason
1520606
Wrong
0. 00
Total
zero. 00 as well as 10. 00
Question Description
PV associated with an annuity
Question 6
(10 points) Melanie and Sophie Jackson happen to be purchasing their particular first property. The house costs $380, 000. They have put a 10% down payment (that is, an amount that banking institutions should require you to pay outofpocket), but will for that reason finance the rest. They are looking at a fixed price 30year mortgage loan at a 6. 74% APR with monthly payments. Simply how much will the Jacksons' first monthly payment be? The Answer
Report
Explanation
$2, 239. 23
$1, 923. 75
$2, 150. '08
$2, 218. 21
Right
10. 00
Correct.
Total
10. 00 / 12. 00
Question Explanation
This payment is a simple PMT computation.
Question several
(15 points) Abebi, who may have just celebrated her 30th birthday, is going to retire on her behalf 62nd birthday, and this lady has just create a retirement living plan to pay her cash flow starting onto her retirement day time, and to continue paying for nineteen more years. Abebi's aim is to get $130, 000 for each of such twenty years. In creating her retirement account,...

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