Assume you are to receive a 20-year annuity with annual payments of $50. The first payment will be received at the end of Year 1, and the last payment will be received at the end of Year 20. You will invest each payment in an account that pays 10%
What will be the value in your account at the end of Year 30?
A) $6,354.81
B) $7,427.83
C) $7,922.33
D) $8,591.00
E) $6,752.46
B
Business
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The relationship between nominal returns, real returns, and inflation is referred to as the:
A. call premium. B. Fisher effect. C. conversion ratio. D. spread. E. current yield.
Business
A broker who is the agent of the buyer should do which of the following?
A) Disclose to the seller that the buyer is a minority person B) Disclose to the seller the maximum price the buyer is willing to pay C) Present to the seller only offers that are acceptable D) Advise the buyer if the listing price of the seller's house is unrealistic
Business