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Bilbo Baggins wants to save money to meet three objectives. First, he would like to be able to retire 30 years from now with retirement income of $28,500 per month for 25 years, with the first payment received 30 years and 1 month from now. Second, he would like to purchase a cabin in Rivendell in 10 years at an estimated cost of $385,000. Third, after he passes on at the end of the 25 years of withdrawals, he would like to leave an inheritance of $1,725,000 to his nephew Frodo. He can afford to save $3,400 per month for the next 10 years. If he can earn an EAR of 11 percent before he retires and an EAR of 8 percent after he retires, how much will he have to save each month in years 11 through 30?
a company buys 1 00000 units of material called m every month. order costs are rs. 200 per order and carrying costs are
McDowell Industries sells on terms of 3/10, net 25. Total sales for the year are $1,561,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 74 days after their purchases. Assume 365 days in year for ..
Joanie Fabrics makes custom purses and uses 800 yards of fabric per year. The fabric used for the purses has a fixed cost of $50 per order, a carrying cost of $2 per yard per year. When they place an order, it takes 5 days before the shipment is rece..
A bank borrows money at the 5 year CD rate found in the WSJ with daily compounding. It loans money at the 15 year mortgage rate in the paper which is compounded monthly. Calculate the net interest margin (the difference in the effective rate on the 1..
Josh Smith has compiled some of his personal financial data in order to determine his liquidity position. Calculate Josh’s liquidity ratio. Several of Josh’s friends have told him that they have liquidity ratios of about 1.8. How would you analyze Jo..
A bond with 30 years to maturity has a face value of $1,000. The bond pays an 5 percent semi annual coupon, and the bond has a 7 percent nominal yield to maturity. What is the price of the bond today? Must show work.
A retailer purchases goods that have a list price of $7,500. The manufacturer allows a trade discount of 40-25-10 and a cash discount of 2/10, net 30. If the retailer takes both discounts, how much is paid to the retailer’s vendor?
Explain why managers might want to hedge less if they are compensation by stock options (holding everything else the same).
What is the present value of the following uneven cash flow stream −$50, $100, $75, and $50 at the end of Years 0 through 3? The appropriate interest rate is 10%, compounded annually. Suppose that on January 1 you deposit $100 in an account that pays..
Another investment opportunity available to your company involves the purchase of some common stock from Zorp Corporation. The growth rate on the stock is constant at 3% per year, and your company's required return on the stock would be 11%. What is ..
Assume that the consolidated balance sheet for the commercial banking system can be simplified as follows: D+NW=R+L where D=deposits, NW= net worth, R=reserves and L=loans. what is the value of the money multiplier?how is the money multiplier related..
Based on the following data, would you recommend buying or renting? Rental Costs- Annual costs- Annual rent $7,380, Insurance $145. Security deposit $ 650. - Buying Costs- Annual mortgage payments $9,800 ($9,575 is interest), Property taxes $ 1,780, ..
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