1.Mr. Rogers borrowed $605000 from you 4 years ago. Assuming you charge 8% interest per...
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1.Mr. Rogers borrowed $605000 from you 4 years ago. Assuming you charge 8% interest per year, how much will Mr. Rogers need to pay you back today (the due date of the loan)?
798600
822800
411400
444675
2. Your favorite cousin has funded a trust for your benefit. You will receive $952000 from the trust in 5 years. This represents the full balance of the trust. Assuming the trust earns 4% interest per year, how much did Your favorite cousininitially set aside in the trust?
1142400
782544
1158584
7616003. Your rich relative has funded a trust for your benefit, investing $602000. You will receive the balance in the trust after 6 years. Assuming the trust earns 8% interest per year, how much will you receive?
955374
890960
379260
313040
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