Assuming a discount rate of 6%, what is the present value of 100,000 per year for 12 years if the payments occur at the beginning of each period?
Question 9 options:
$804,849
$838,384
$888,687
$789,423
$729,394
You are considering and investment that will pay you $9,500 per month for 6 years. You want to earn a minimum rate of return of 8.25 percent. What is the most you are willing to pay to purchase this investment?
Question 10 options:
$476,252
$531,079
$505,790
$538,074
$485,558