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This is just a scenario based on the information pasted below: Budget profile for a medical Resident monthly Budget Actual Current Monthly salary before tax $5,000 Retirement deduction before taxes $350 pretax contribution $300 Housing $900 utilities $70 $65 Food $700 $500 Gas $125 $100 Car payment $400 cell phone $50 misc expenses $200 Total Expenses per month $2,335 Total Savings per month $2,665 Estimated savings per year $31,980 using this data above the bottom two parts should be completed Analysis : Using the budget in part 1; Use as many time lines as you need forecast all your projected savings(investments) to get each investments future value. You will have to determine your PV, I/y, N, PMT then calc FV If you don’t have any idea on the I/y you could use 5 or 6% to be conservative. N depends on your current age and when you think you will retire. Savings 401k or (403B) whichever you use IRA’s…. Home Ect……. Once you add up all the future values from step 2 above, and do a time line to determine how much you will be able to spend each year assuming you are going to spend all your money. I.e. your future value will be 0. To calculate N, you have to make a lot of assumptions. For example, if you are planning on retiring at age 65 and think (hope) you will life until you are 90 (25 years) your N will be 25. Week 4 Part 2 B (must be completed in Excel) Scenario Analysis: Run at least 3 different scenarios to see the impact of decisions. Some examples may include: What happens if you delay start of Savings for 5 years? What happens if you work 3 more years? What if the interest rate is higher/lower? What if you have more to save after student loans are paid off?
Old Dominion is considering adding a new type of wind tamer to its trailers, which will save the company in fuel costs each year and the required rate of return is 9%. The expected life of the units are 5 years and the expected cash flows for each un..
Which of the following is a not a correct statement about financial statements? Current assets refer to mostly liquid assets (financial capital) and inventory. Non-current assets refer to mostly fixed assets (physical capital) such as plant, equipmen..
Aspin Corporation’s charter authorizes issuance of 2,900,000 shares of common stock. Currently, 1,200,000 shares are outstanding, and 400,000 shares are being held as treasury stock. The firm wishes to raise $104,500,000 for a plant expansion.
A nine-year bond has a yield of 10% and a duration of 7.194 years. If the bond's yield increases by 50 basis points, what is the percentage change in the bond's price?
Both Bond Sam and Bond Dave have 6 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has four years to maturity, whereas Bond Dave has 19 years to maturity. If interest rates suddenly rise by 2 percent, what is the perc..
Calculating Motor Vehicle Operating Costs: Using Sheet 38 in the Personal Planner calculates the approximate yearly operating cost of the following vehicle.
Which of the following is a disadvantage of a private placement when compared to other methods of selling new securities?
When the external capital market is very relaxed (e.g., optimistic investors, low interest rate, and many potential investors), would you recommend a start-up firm to use a lot of short-term debt instead of long-term debt? Why or why not? And would y..
Skye Flyer, Inc., has weekly credit sales of $18,600, and the average collection period is 28 days. What is the average accounts receivable figure?
Determining present value, relate to compounding, as used in determining future value? How are you able to apply discounting and compounding concepts to lump sum transactions versus transactions that involve a series of equal cash flows?
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $8.90, but management expects to reduce the pay out by 4 percent per year indefinitely. If you require a return of 14 percent on this stock, what will you pay for a sha..
The amount borrowed on a loan equals:
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