# 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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