A home buyer signed a 20-year, 8% mortgage for $72,500. Given the following information, how much should the annual loan payments be?

A home buyer signed a 20-year, 8% mortgage for $72,500. Given the following information, how much should the annual loan payments be?

Present value of $1 PV_IF= .215
Future value of $1 FV_IF= 4.661
Present value of annuity PV_IFA= 9.818
Future value of annuity FV_IFA= 45.762
A. $1,584
B. $7,384
C. $15,555
D. $15,588

 A retirement plan guarantees to pay to you or your estate a fixed amount for 20 years. At the time of retirement you will have $73,425 to your credit in the plan. The plan anticipates earning 9% interest. Given the following information, how much will your annual benefits be?

Present value of $1 PV_IF= .178
Future value of $1 FV_IF= 5.604
Present value of annuity PV_IFA= 9.129
Future value of annuity FV_IFA= 51.16
A. $1,435
B. $13,070
C. $8,043
D. $13,102

 After 10 years, 100 shares of stock originally purchased for $500 was sold for $900. What was the yield on the investment? Choose the closest answer.

A. 19%
B. 2.5%
C. 8.5%
D. 6%

PVIF = PV (App. B: 10 periods)
FV
= $500 = 0.555 Yield = approx 6%
$900