FIN 571 Week 4 WileyPLUS Practice Quiz NEW - 100% Correct

Question 1

FIN 571 Week 4 WileyPLUS Practice Quiz NEW

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Multiple Choice Question 66

Present value: Tommie Harris is considering an investment that pays 6.5 percent annually. How much must he invest today such that he will have $25,000 in seven years? (Round to the nearest dollar.)

$38,850

$23,474

$16,088

$26,625

Multiple Choice Question 61

PV of multiple cash flows: Jack Stuart has loaned money to his brother at an interest rate of 5.75 percent. He expects to receive $625, $650, $700, and $800 at the end of the next four years as complete repayment of the loan with interest. How much did he loan out to his brother? (Round to the nearest dollar.)

$2,250

$2,545

$2,713

$2,404

Multiple Choice Question 63

PV of multiple cash flows: Hassan Ali has made an investment that will pay him $11,455, $16,376, and $19,812 at the end of the next three years. His investment was to fetch him a return of 14 percent. What is the present value of these cash flows? (Round to the nearest dollar.)

$33,124

$36,022

$41,675

$39,208

Answer 1

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