I Got The Correct Answers But I Want To Know The Process In Detail Thanks Questi

I got the correct answers but I want to know the process in detail. Thanks!Question 1

  • 6.25 out of 6.25 points
  • Selected Answer:A.  ,  
  • Answers:A.  ,  
  • B. 
  • C. 
  • D. Low, Low

Question 2

  • 6 out of 6 points
  • You must decide between $25,000 in cash today or $30,000 in cash to be received two years from now. If you can earn 8 percent interest on your investments, which is the better deal?
  • Selected Answer: $30,000 in two years
  • Answers: $30,000 in two years
  • $25,000 today
  • Either options are Okay

Question 3

  • 0 out of 8 points
  • You believe that you will need 31,240 dollars a year for 5 years in retirement. If you are 30 today, how much must you save each year to meet your retirement goal if you plan to retire at 65? (Assume a 12 percent annual interest rate and that your 1st deposit will be 1 year from now and that your 1st withdrawal will be 36 years from today)Selected Answer: 397
  • Correct Answer: 260.88 ± 5

Question 4

  • 3.25 out of 3.25 points
  • In loan amortization , interest payments and principal payments have inverse relationship 
  • Selected Answer: True
  • Answers: True
  • False

Question 5

  • 0 out of 6.25 points
  • You take out a car loan for 12,645 dollars. If your loan has an annual interest rate of 7.99 percent, and you will make monthly payments for 5 years, how much of your first payment will go towards principal (go towards paying down the outstanding loan balance)?Selected Answer: 256.33
  • Correct Answer: 172.14 ± 3%

Question 6

  • 6 out of 6 points
  • Selected Answer:C. 
  • Answers:A. 
  • B. Both 
  • C. 
  • D. Neither

Question 7

  • 6.25 out of 6.25 points
  • Selected Answer: 
  • Answers:

Prof. Angela

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