1)If you put up $40,000 today in exchange for a 6.25 percent, 15-year annuity, what will the annual cash flow be?(round to 2 decimals) 2) If you deposit $6,000 at the end of each of the next 25 years into an account paying 10.30 percent interest, how much money will you have in the account in 25 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value $ How much will you have if you make deposits for 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Future value $ 3) You want to have $73,000 in your savings account 12 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.80 percent interest, what amount must you deposit each year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Deposit amount $ 4)The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $26,000 per year forever. If the required return on this investment is 5.30 percent, how much will you pay for the policy? (Round your answer to 2 decimal places. (e.g., 32.16) 5) Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): Stated Rate (APR) Stated Rate (APR) Stated Rate (APR) Number of Times Compounded Number of Times Compounded Number of Times Compounded Effective Rate (EAR) Effective Rate (EAR) 9.7 % Quarterly % 18.7 Monthly 14.7 Daily 11.7 Infinite
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