Trayne Rice Has $3,000 To Invest For Three Years. He Wants To Receive $5,000 At The – collegepaperslab.com | Instant Assignment Help

Trayne Rice Has $3,000 To Invest For Three Years. He Wants To Receive $5,000 At The – collegepaperslab.com | Instant Assignment Help

  – Business & Finance

1.     Trayne Rice has $3,000 to invest for three years. He wants to receive $5,000 at the end of the three years. What invest rate would his investment have to earn to achieve his goal? (Round to the nearest percent.)

a.

19%

b.

21%

c.

16%

d.

13%

 

2.     Your mother is trying to choose one of the following bank CDs to deposit $10,000. Which one will have the highest future value if she plans to invest for three years?

a.

3.75% compounded annually.

b.

3.5% compounded daily

c.

3.4% compounded quarterly

d.

3.25% compounded monthly

                      

3.     Hassan Ali has made an investment that will pay him $11,455, $16,376, and $19,812 at the end of the next three years. His investment was to fetch him a return of 14 percent. What is the present value of these cash flows? (Round to the nearest dollar.)

 

a.

$36,022

b.

$41,675

c.

$39,208

d.

$33,124

 

4.     Genaro needs to capture a return of 40 percent for his one-year investment in a property. He believes that he can sell the property at the end of the year for $150,000 and that the property will provide him with rental income of $25,000. What is the maximum amount that Genaro should be willing to pay for the property?

 

a.

$112,500

b.

$150,000

c.

$125,000

d.

$137,500

 

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