Susan is planning to accumulate
$400,000 by the end of 40 years by making 40 equal annual deposits. If she
can earn an annual compound rate of 20% on her investment, how much must each
deposit be in order to accumulate the $400,000? Choose the closest answer.


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What is the
present value of a perpetuity that pays $5,000 annually when the required
rate of return is 9.3%?





Find the
present value of $40,000 to be received 5 years from now discounted at 8%





If a
borrower promises to pay you $4,000 8 years from now in return for a loan of
$2000 today, what effective annual interest rate is being offered?



no solution


You purchase an
asset for $1,000 today. Interest on the investment will be compounded monthly
at 8% for 6 years. What will be the value of this investment when it matures?






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