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- What is the value of $600 at 12 percent interest for 7 years compounded continuosly? O A. $1356.54 B. $1372.76 O C. $1326.41 O D. $1389.82 Seçimimi temizleAbby lives and works for two periods. In the first period, she earns 1,000 coconuts while inthe second she earns 2,200 coconuts. Abby can save or borrow from a bank at the same interestrate of 10%. Abby also owns a 550 sq.ft. apartment, priced at 2 coconuts per square foot. Shecannot sell it in the first period because she needs a place to stay in the second, but she canborrow against it and sell it in the second.a. In a graph that has future consumption on the vertical axis and current consumption onthe horizontal, show how her lifetime budget constraint would look if banks do NOT requirecollateral. Make sure to compute and show the coordinates of the vertical and horizontalintercepts as well as those of the endowment point (which in the second period shouldinclude her house).b. Suppose that Abby likes to consume 2,400 coconuts in the first period. Could she do thatif banks do not require collateral? Would the outcome be Pareto optimal and why?c. Suppose now that banks do require…2.One of life's great lessons is to start early and save all the money you can! If you save $10 today and $10 each and every day thereafter until you are 60 years old(suppose you're 20 years old now, save $3,650 per year), how nuch money will you accumulate if the annual interest rate is 5%?
- Economics In the following cash flows diagram, Determine the Future Worth at the end of year 12 if the interest rate is 6% ? $200 $200 $150 $150 $100 $100 1 2 3 4 Years O a. $1,532.6 O b. $1,286.8 Oc $1,364 O d. $1,4458 Clear my choice4. Looking forward - Future value Compounding Interest You know that paying yourself by depositing money in a savings account is a prudent start to your retirement plan. You determined that, based on your other obligations, you can save 7,375.00 per year via an annual, single year-end deposit. You are 40 years old now, so your money will grow for the next 25 years until you turn 65. You will open a savings account at the US Bank branch near your home. Its savings accounts are paying 6% interest. The following table shows the future value factors for various periods and interest rates: Future Value of an Annuity Factor 3% 6% 8% 9% 10% 5% 12.578 10.950 11.460 13.180 14.487 15.190 15.937 13.412 14.190 15.917 16.870 18.977 20.140 21.384 17.293 18.600 21.578 23.270 27.152 29.360 31.772 24.297 26.870 33.066 36.780 45.762 51.160 57.274 32.030 36.460 47.726 54.860 73.105 84.700 98.346 40.567 47.570 66.438 79.060 113.282 136.300 164.491 49.994 60.460 90.318 111.430 172.314 215.700 271.018…A 5-year ordinary annuity has a present value of $1,000. If the interest rate is 8%, what is the amount of each annuity payment? O a. $216.00 O b. $270.50 O C. $250.46 d. $231.48 P Type here to search
- You have $40,000 of current income and $60,000 of future income. The interest rate between the current and future period is 5 percent. What is the maximum amount you could consume in the future? O $100,000 O $107,000 O $102,000 O $110,000What is the present value of a payment of $5,000 at the end of one year and a second payment of $7,000 at the end of two years if the interest rate is 5 percent? O A. $11,201.84 O B. $11,111.11 O C. $10,985.14 O D. $12,250.322. a What is the annual rate of simple interest if $265 is earned in fourmonths on an investment of $15,000? include a cash flow
- If you borrow $3,200 at 8% simple interest per year for six years, how much will you have to repay at the end of six years? Choose the correct answer below. O A. $5,078 B. $1,536 C. $1,878 O D. $3,200 E. $4,736.Interest 6% lonable fund is 4trillion. Suppose there was a change in the tax laws to encourage savers to save more and as a result, assume the equilibrium interest rate falls by 2 % point. By how much the equilibrium loanable funds saved and invested would rise or fall?If Tim borrows $600 from a payday loan operator and has to pay S775 at the end of 1 month, how much will he have to pay if he were to keep the money for a year on the same terms? O. $12,407 O. $6,321 O. $1,020 O. $12,941