2024 – 1 John House has taken a 20 year 250 000 mortgage on his house
Multiple choice – 2024
1. John House has taken a 20-year, $250,000 mortgage on his house at an interest rate of 6% per year. What is the value of the mortgage after the payment of the fifth annual installment?
a. $128,958.41
b. $211,689.53
c. $141,019.50
d. None of the above
2. If the present value of $1.00 received n years from today at an interest rate of r is 0.3855, then what is the future value of $1.00 invested today at an interest rate of r% for n years?
a. $1.3855
b. $2.594
c. $1.70
d. Not enough information to solve the problem
3. If the present value of $1.00 received n years from today at an interest rate of r is 0.621, then what is the future value of $1.00 invested today at an interest rate of r% for n years?
a. $1.00
b. $1.61
c. $1. 621
d. Not enough information to solve the problem
4. If the future value of $1 invested today at an interest rate of r% for n years is 9.6463, what is the present value of $1 to be received in n years at r% interest rate?
a. $9.6463
b. $1.00
c. $0.1037
d. None of the above
Need assignment writing services that are 100% risk-free. Our writers are capable of providing the best assignment help to students in globally at best rates.
Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...
#write essay #research paper
