You are considering an investment that will pay you $20,000 in two years and $40,000 in four years. If investors require a return of 11%, what price should it sell for?
Question 5 options:
38,344
46,821
40,668
48,681
42,582
Your bank is offering to finance your new car purchase for 7 years at 14.95%. If you were to borrow $27,000 for the car, what would your payment be?
Question 6 options:
$489
$425
$520
$460
$469