Lakeside inc invested 735000 at an 1125 rate of

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11) Lakeside Inc. invested $735,000 at an 11.25% rate of return. The company sold their investment for $1,067,425. How much longer would Lakeside have had to wait if they had wanted to sell their investment for $1.25 million? A) 1.98 years B) 3.50 years C) .98 year D) 1.48 years E) 2.31 years 11)
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12) Gretchen Enterprises borrowed $149,500 for two years from the bank. At the end of the two years, they repaid the loan with one payment of $176,590. What was the interest rate on the loan? 12)
13) Stephen has $2,400 to invest. Which one of the following investment options will produce the largest future value for him? 13)
14) When you were 26 years old, you received an inheritance of $1,500 from your grandfather. You invested that amount in Nu-Wave stock and have not touched the investment since then. Today, this investment is worth $109,533.59. Nu-Wave stock has earned an average rate of return of 11.3% per year over this time period. How old are you today? 14)
15) Neal wants to borrow $2,500 and has received the offers from his local banks. Which offer should Neal accept if he wants to repay the loan in one single payment two years from now? A) Bank A, which offers a simple rate of 4%. B) Bank B, which offers a simple rate of 5%. C) Bank C, which offers a rate of 4% compounded annually. D) Bank D, which offers a rate of 5% compounded annually. E) Bank E, which offers a rate of 5% compounded monthly. 15)

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