please help Your grandmother just died and left you $62,500...
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Your grandmother just died and left you $62,500 in a trust fund that pays 7.4% interest. You must spend the money on your college education, and you must withdraw the money in 4 equal installments, beginning immediately. How much could you withdraw today and at the beginning of each of the next 3 years and end up with zero in the account? a. 522,337.04 b. $4,625,00 c. $13,029.48 d. $18,618.66 e. $17,335.81 You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you received for the car assuming an interest rate of 7.5% ? a. 54,038 b. $5,392 c. $4,900 d. 55,979 c. $4,341
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