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1. Gene wants to have $360,000 in his investment account 20 years from today. Matt also wants $360,000 in his investment account but he is only willing to wait 15 years. How much more would Matt have to deposit today as compared to Gene if they both are to reach their goals and they both earn 15 percent on their investments?
a. $18,496.78
b. $20,826.63
c. $23,610.94
d. $22,245.91
2. Six years ago, you convinced your son to deposit $1,300 in a savings account at the bank that will pay 5.25 percent interest. Currently, he is itching to spend that money. How much more money will he have if you can convince him to wait another year to withdraw his savings rather than withdrawing the funds today?
a. $79.57
b. $98.25
c. $92.78
d. $71.83
Sammy has worked for a company with a retirement program, and today is retiring from her job with the amount of $268000 in her retirement account. She decides to withdrawal an equal amount from this account, once a year, beginning immediately, and en..
Do you agree or disagree with them being asked to do this? Why or why not? Also, describe one example of an organization that has taken steps to do this.
Essary Enterprises has bonds on the market making annual payments, with twelve years to maturity, a par value of $1,000, and selling for $972. At this price, the bonds yield 7.1 percent. What must the coupon rate be on the bonds?
Future value of an ordinary annuity: Robert Hobbes plans to invest $25,000 a year at the end of each year for the next seven years in an investment that will pay him a rate of return of 11.4 percent. How much money will Robert have at the end of seve..
Kelly Inc. is considering a project requiring a $300,000 investment in equipment that will be depreciated straight line to zero at the end of the 4-year project. At the end of the project, Kelly, Inc. expects to receive sales proceeds of $50,000 for ..
Handy Dandy Inc is preparing to calculate its cost of debt. It presently has debt outstanding that pays $ 81 per year in interest and has seven years left unto maturity. The current market value of those bonds is $ 1,090. The company pays 35% in taxe..
A $1,000 par bond with 8 years to maturity is currently priced at $946. Annual interest payments are $90. What is the yield to maturity?
Which of the following is considered to be the most risky?
One year ago, your company purchased a machine used in manufacturing for $120,000. You have learned that a new machine is available that offers many advantages; you can purchase it for $155,000 today. Your company tax rate is 45%, and the opportunity..
1. on march 22 2013 tenkiller torque technology ttt was taken private in a leveraged buyout financed in part by a 5
Which of the following should be included in the initial outlay?
There is an inverse relationship between interest rate changes and changes in the market price of outstanding bonds. Explain the logic behind this principle. Given this relationship, do you believe it is currently a good time to buy bonds? Why or why..
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