裢贵华经将贸墨去是 公司理财 PART II 1.How much will $1,000 deposited in a savings account earning a compound annual interest rate of a percent be worth at the end of the follow number of years? a.3 years. b.5 years. c.10 years. 2.If you require a 9 percent return on your investments,which would you prefer? a.$5,000 today. b.$15,000 five years from today. c.$1,000 per year for 15 years. 3.You decide to purchase a building for $30,000 by paying $5,000 down and assuming a mortgage of $25,000.The bank of offers you a 15-year mortgage requiring annual end-of-year payments of $3,188 each.The bank also requires you to pay a 3 percent loan origination fee, which will reduce the effective amount the bank lends to you.Compute the annual percentage rate of interest on this loan. 4.An investment promises to pay $6,000 at the end of each year for the next 5 years and $4,000 at the end of each year for years 6 through 10. a.If you require a 12 percent rate of return on an investment of this sort,what is the maximum amount you would pay for this investment? b.Assuming that the payments are received at the beginning of each year,what is the maximum amount you would pay for this investment,given a 12 percent required rate of return? 5.Suppose that a local savings and loan association advertises a 6 percent annual(nominal)rate of interest on regular accounts,compounded monthly,what is the effective annual percentage rate of interest paid by the savings and loan association? 6.Your mother is planning to retire this year.Her firm has offered her a lump sum retirement payment of $50,000 or a $6,000 lifetime annuity---whichever she chooses.Your mother is in 第1页共5页公司理财 PART II 1. How much will $1,000 deposited in a savings account earning a compound annual interest rate of a percent be worth at the end of the follow number of years? a. 3 years. b. 5 years. c. 10 years. 2. If you require a 9 percent return on your investments, which would you prefer? a. $5, 000 today. b. $15, 000 five years from today. c. $1, 000 per year for 15 years. 3. You decide to purchase a building for $30, 000 by paying $5, 000 down and assuming a mortgage of $25,000. The bank of offers you a 15-year mortgage requiring annual end-of-year payments of $3,188 each. The bank also requires you to pay a 3 percent loan origination fee, which will reduce the effective amount the bank lends to you. Compute the annual percentage rate of interest on this loan. 4. An investment promises to pay $6,000 at the end of each year for the next 5 years and $4,000 at the end of each year for years 6 through 10. a. If you require a 12 percent rate of return on an investment of this sort, what is the maximum amount you would pay for this investment? b. Assuming that the payments are received at the beginning of each year, what is the maximum amount you would pay for this investment, given a 12 percent required rate of return? 5. Suppose that a local savings and loan association advertises a 6 percent annual (nominal) rate of interest on regular accounts, compounded monthly, what is the effective annual percentage rate of interest paid by the savings and loan association? 6. Your mother is planning to retire this year. Her firm has offered her a lump sum retirement payment of $50,000 or a $6,000 lifetime annuity --- whichever she chooses. Your mother is in 第 1 页 共 5 页