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Author Question: Your aunt dies and leaves you $1M in her will, but it must stay in trust for 10 years. You want to ... (Read 41 times)

RRMR

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on: Apr 25, 2021

Question 1

You want to have $55,230 at the end of seven years. How much do you have to invest today to accumulate that total if you can earn 14% compounded annually?
◦ $22,071.97
◦ $19,361.38
◦ $20,763.00
◦ $22,092.00
◦ $22,074.34

Question 2

Your aunt dies and leaves you $1M in her will, but it must stay in trust for 10 years. You want to spend it now, so you go to the Bank to borrow against the bequest. You offer the $1M to repay interest and principal at the end of ten years. The Bank wants to earn 5% on its loan, so how much will it offer you today?
◦ $613,913.25
◦ $617,283.95
◦ $675,564.17
◦ $558,394.78
◦ $1,000,000.00
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by RRMR on Apr 25, 2021

nguyenhoanhat

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RRMR

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review

dantucker

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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