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Steve and Ed are cousins who were both born on the same day, and both turned 25 today. Their grandfather began putting $2,500 per year into a trust fund for Steve on his 20th birthday, and he just made a 6th payment into the fund. The grandfather (or his estate's trustee) will make 40 more $2,500 payments until a 46th and final payment is made on Steve's 65th birthday. The grandfather set things up this way because he wants Steve to work, not be a "trust fund baby," but he also wants to ensure that Steve is provided for in his old age. Until now, the grandfather has been disappointed with Ed, hence has not given him anything. However, they recently reconciled, and the grandfather decided to make an equivalent provision for Ed. He will make the first payment to a trust for Ed today, and he has instructed his trustee to make 40 additional equal annual payments until Ed turns 65, when the 41st and final payment will be made. If both trusts earn an annual return of 8%, how much must the grandfather put into Ed's trust today and each subsequent year to enable him to have the same retirement nest egg as Steve after the last payment is made on their 65th birthday? a. $3,726 b. $3,912 c. $4,107 d. $4,313 e. $4,528
Describe the concept of 'purchasing power parity' (PPP) in your own words. What are the requisite conditions for PPP to exist?
FIN2000, Financial Institutions and Markets: - Case Studies in Financial Crises, “Financial Market Essentials”,(2011) McGraw and Hill (this is available on the portal under assessments).
Answer $3,400 tax loss form a capital gain. $1,000 tax payment from depreciation recapture. $600 tax payment from depreciation recapture. $1,000 tax gain from capital loss.
Suppose your father has a mortgage loan on family home that was made several years ago when interest rates were lower. The loan has current balance of $40,000 & will be paid off in twenty years by paying $330 per month.
Interest rate or discount rate. Fill in the interest rate for the following table using one of the three methods below.
The Corporation had declining sales and rising expenses over the last decade and expects this trend to continue. As a result, company predicts that earnings and dividends will decline indefinitely at a rate of 4 percent per year.
What is the value of a perpetuity that starts in one year, that pays $10 per year and has an interest rate of 10%?
What must the six-month forward rate be to prevent arbitrage?
An investor makes monthly payments to a mutual fund for 36 months. The fund earns .5% per month. How much will the investor have at the end of the 30 months if payments of $250 are made at the first of each month?
I have received an inheritance for which I require to make good investment decisions. I have received a $100,000 inheritance and would like to invest.
A firm incurs $50,000 in interest expenses each year. If the tax rate of the firm is 30%, what is the effective after-tax interest rate expense for the firm?
Make a vertical analysis of income statement for two years Using the data in these abbreviated income statements
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