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Q16) What is the most that you would pay for an investment that promises to...

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Q16) What is the most that you would pay for an investment that promises to pay $14,626.00 a year forever with the first payment starting one year from now? Assume that your required rate of return for this investment is 27.13% . (1.5 points) Q17) A loan has a stated annual rate of 15.46%. If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest? (1.5 points) Q18) You invest $1,585.00 at the beginning of every year and your friend invests $1,585.00 at the end of every year. If you both earn an annual rate of return of 3.99% , how much more money will you have after 29.0 years? (2 points) 9 Q19) You currently have $2,979.00 in a retirement Savings account that earns an annual return of 10.34%. You want to retire in 43.0 years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal? (2 points) Q20) You currently owe $4,263.00 of your credit card that charges an annual interest rate of 18.88% . You make $180.00 of new charges every month and make a payment of $192.00 every month. What will your credit card balance be in three months? (2 points)

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