User Account

All Pages

How much money do you need to put in the bank today

Assignment Help Finance Basics
Reference no: EM13265371

  1. If you take out a $300,000, 30 -year mortgage with an annual interest rate of 5.25%, what will be your monthly payment? If the interest rate goes down to 5%, what will be your monthly payments?
  2. If your monthly rent is $850 per month payable on the first day of the month, what is the present value of your rent for this year, assuming today is the New Year's day and the interest rate is 5%?
  3. Suppose you will need to have $15,000 in the bank three years from today. Your local bank offers a three-year CD that pays 2.5% per year with semi-annual compounding.
  4. How much money do you need to put in the bank today so that you can have $15,000 in three years?
  5. You need a new car and you want to pay off the loan in three years. Your budgeted monthly payment is $300. Will a car loan of $30,000 break your budget, assuming 5% annual interest? Please show your calculations.

 

Reference no: EM13265371

Questions Cloud

What is dannys average daily collection : What is the relationship between the terms that Danny is giving and his average daily collection?
Describe the emergence of modern muslim nation-states : Describe the emergence of modern Muslim nation-states out of the early modern Muslim world - discuss the politics and the agendas of colonial powers, in particular France and Britain, in dividing up the Ottoman Empire to carve out new political ent..
Determine the position of the object : A diverging lens with a focal length of -48.0cm forms a virtual image 8.50mm tall, 16.5cm to the right of the lens. Determine the position of the object
What is the investments discounted payback period : What is the investment's discounted payback period if the required rate of return is 12%?
How much money do you need to put in the bank today : You need a new car and you want to pay off the loan in three years. Your budgeted monthly payment is $300. Will a car loan of $30,000 break your budget, assuming 5% annual interest? Please show your calculations.
Determine what effects are imposed by the sources : A data acquisition system is placed in the vicinity of a noise- and interference-producing source (such as an AC motor, a fluorescent light, high power transmission lines, or any EMF radiator).
Discuss the evidence of character development : Discuss the evidence of character development - demonstrate the character's development and traits
Determine the mass of the grapes : A bunch of grapes is placed in a spring scale at a supermarket. The grapes oscillate up and down with a period of 0.65 s, What is the mass of the grapes
How does a dutch auction work : How does a Dutch auction work? Not more than 4 short sentences.

Reviews

Write a Review

Finance Basics Questions & Answers

  Market value ratio of debt to debt

There was an upward trend in the ratio of the book value of debt to book value of debt and equity throughout the 1990s. Some of this was due to the rebuying of stock.

  Determining present value of kiddy toy corporation

Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. Supposing  that a 12% interest rate properly reflects time value of money in this condition and that all maintenance and insurance costs are paid a..

  Determine at least one primary and one secondary method

There are a number if large projects to evaluate. What criteria are you most likely to use to evaluate these projects and why? What would each criterion tell you? Determine at least one primary and one secondary method.

  Determine the present worth of the cash flows

The Engineering Economics Finance Corporation consider to receive $900,000 next year from a certain investment, with increases of 5 percent per year.

  Which of these groups use financial statement analysis

Which of these groups use financial statement analysis for the purpose of making investment decisions?

  Computation of target selling price and target cost

Computation of target selling price and target cost of manufacture and Should they make the Re-Rind and what would you say to them to reconcile the positions.

  How internal selection decisions differ from external

Explain how internal selection decisions differ from external selection decisions. Write down the differences among peer ratings, peer nominations, and peer rankings. Should they be used? and how this can be employed in an organization.

  Bond issue and public relations

The local media are considering coming out in support of the Mayor's position on issue, but as the Mayor's public relations assistant, you have work to do to convince them completely.

  What is the effective cost of factoring

The average credit sales for Jiffy Co. is $375,000. Accounts receivables average balance is $68,000. Jiffy factors its receivables by discounting them 3%. What is the effective cost of factoring?

  Financial leverage for a utility company

Determine which factors would cause a difference in the use of financial leverage for a utility Corporation and an automobile Corporation?

  Computing the interest earned for next years

Computing the interest earned for next years wants to invest equally amounts at the end of each year

  What is the firms after-tax component cost of debt

A company's 4% coupon rate, semiannual payment, $1,000 par value bond that matures in 30 years sells at a price of $645.58. The company's federal-plus-state tax rate is 60%. What is the firm's after-tax component cost of debt for purposes of calcu..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd