公司理财ch4.docx

Submission to Ch04窗体顶端Your submission has been saved!Student: 沈, 蝶?Score: 37 out of 40 (93%)Date: 04/07/2015 12:41Duration: * 2:02:18 *Workstation: (0)???1.A mortgage instrument pays $1.5 million at the end of each of the next two years. An investor has an alternative investment with the same amount of risk that will pay interest at 8% compounded semiannually. Which of the following amounts is closest to what the investor should pay for the mortgage instrument?$3,854,512$1,386,834$1,388,889→$2,669,041$2,674,897EAR = (1 + r/m)m - 1 = (1 + 0.08/2)2 - 1 = 0.0816PV = $1.5/(1.0816)1 + $1.5/(1.0816)2 = $2,669,041(1)???2.Compound interest:Both allows for the reinvestment of interest payments and provides a value that is less than simple interest.is the same as simple interest.does not allow for the reinvestment of interest payments.allows for the reinvestment of interest vides a value that is less than simple interest.(1)???3.If a business takes out a $10,000, 7 year, 12% loan, the decrease in principal in year 1 is: (assume annual payments).$1,200.00$2,191.17$2,456.54$1,976.38$991.17$2,191.17 (above) - 1,200 (interest) = $991.17(1)???4.An annuity stream where the payments occur forever is called a(n):perpetuity.annuity due.indemnity.amortized cash flow stream.amortization table.(0)???5.Today is January 1. Starting today, Sam is going to contribute $140 on the first of each month to his retirement account. His employer contributes an additional 50% of the amount contributed by Sam. If both Sam and his employer continue to do this and Sam can earn a monthly rate of ? of 1 percent, how much will he have in his retirement account 35 years from now?$200,456.74$299,189.16$249,981.21$199,45.944→$300,685.11(1)???6.Toni adds $3,000 to her savings on the first day of each year. Tim adds $3,000 to his savings on the last day of each year. They both earn a 9% rate of return. What is the difference in their savings account balances at the end of thirty years?$38,911.21$36,80