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Author Question: Mary will receive $12,000 per year for the next ten years as royalty for her work on a finance book. ... (Read 15 times)

Marty

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Question 1

Marla borrows $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. The actual end of year payment is (Round to the nearest whole dollar.)
◦ $942.
◦ $1,125.
◦ $1,482.
◦ $2,641.

Question 2

Mary will receive $12,000 per year for the next ten years as royalty for her work on a finance book. What is the present value of her royalty income if the opportunity cost is 12 percent? (Round to the nearest whole dollar.)
◦ $120,114
◦ $67,803
◦ $65,640
◦ $56,793


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Marked as best answer by Marty on Apr 25, 2021

Silverbeard98

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Marty

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Reply 2 on: Apr 25, 2021
Excellent


chereeb

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Reply 3 on: Yesterday
Wow, this really help

 

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