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These finance courses are new to me and I am not good at math. Can someone please help me solve these two problems by inputting this into my HP 10bII calculator. I just don't know how to solve problems using a financial calculator. Thanks in advance.
Question 1:Elegant designers have generated sales of $625,000 for the current year. If they can grow their sales at a rate of 12% every year, how long will they take to triple their sales?
Question 2:You plan to buy a new car. The price is $30,000 and you will make a down payment of $4,000. Your annual interest rate is 10% an you intend to pay for the car over five years. What will be your monthly payment?
An alumnus of your university gifted money to the school to provide annual scholarships to students. The school expects to earn an average rate of return of 9.5 percent and distribute $285,000 annually in scholarships. What was the amount of the g..
To raise money to finance the capital budget projects you've been evaluating, your company plans to borrow money at an interest rate of 14 percent, before-tax.
Storico just paid a dividend of $0.45 per share. The company has an ROE of 9% and a book value of $15 per share. The required return on investment is 12%. What is the estimated price of a share of Storico stock?
Compute the required rate of return on FBC stock.
Last year Lakesha's Lounge Furniture Corporation had an ROE of 18.0 percent and a dividend payout ratio of 23 percent. What is the sustainable growth rate?
TasteeFruit Corporation is a small producer of fruit-flavored frozen desserts. For many years its products have had strong regional sales on the basis of brand recognition.
What advantages might a socialist system have in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January.
Calculate the MIRR of the project using the reinvestment approach method. Calculate the MIRR of the project using the combination approach method.
If the aftertax expected returns on the two stocks are equal (because they are in the same risk class), what is the pretax required return on Gordon's stock?
Your parents will retire in 19 years. They currently have $300,000, and they think they will need $1 million at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your ans..
If $9,000 is invested in a certain business at the start of the year, the investor will receive $2,700 at the end of each of the next four years. What is the present value of this business opportunity if the interest rate is 7% per year?
Three years later, as an individual investor, you decide to add your own holding of the security but only at a price that you consider appropriate. What form of order might you place with your broker?
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