Deposit the money into an account

Assignment Help Financial Management
Reference no: EM131077853

Jackson & Parnell receive $8873 every six months from a grant. The amount they receive decreases each period by $157. Jackson & Parnell deposit the money into an account paying 5% per year, compounded biannually. How much will they have in the account after 14 years?

Reference no: EM131077853

Questions Cloud

Treasury securities are yielding : ABC Company has an after-tax cost of debt of 6 percent, beta of .85, tax rate of   35 percent, and a target capital structure of 60 percent equity and 40 percent debt.  Ten year Treasury securities are yielding 4 percent and the risk premium for ABC ..
Payments by check can easily be controlled : Payments by check can easily be controlled if ________________.
What is the firm after tax cost of debt : 1,000 par value bond matures in 6 years, interest at 8%, 1150.00 market value, tax rate at 30%, and marginal tax rate at 36%. What is the firm after tax cost of debt?
Living will rule : What happened in 2008 is the "living will" rule in the Dodd Frank documents is trying to fix or correct? Please be elaborate and provide the best example in great detail.
Deposit the money into an account : Jackson & Parnell receive $8873 every six months from a grant. The amount they receive decreases each period by $157. Jackson & Parnell deposit the money into an account paying 5% per year, compounded biannually. How much will they have in the accoun..
Fixed-rate mortgage to buy new home : You need a 35-year, fixed-rate mortgage to buy a new home for $340,000. Your mortgage bank will lend you the money at an APR of 6.35 percent for this 420-month loan. How large will this balloon payment have to be for you to keep your monthly payments..
What is the present worth at MARR : A new packing machine will cost $57,000. The existing machine can be sold for $5000 now and the new machine for $7500 after is 10 year useful life. If the new machine reduces annual expenses by $5000, what is the present worth at a MARR of 25%?
Emergency-major medical expenses-home flood-car accident : Emergency (major medical expenses, home flood, car accident) Include a description of their personal impact on you – your current financial situation, what adjustments you would have to make, how long it will take to pay for each of these, and specif..
What are the terminal cash flows-operating cash flow in year : Edward's Manufactured Homes is considering replacing some machines. Edward’s purchased the current machinery 2 years ago for $320. The company is considering replacing this machinery today with newer machines that utilize the latest in technology. Wh..

Reviews

Write a Review

Financial Management Questions & Answers

  What rate did sales grow

Sales for Hanebury Corporation's just-ended year were $10 million. Sales were $5 million 4 years earlier. At what rate did sales grow? Round your answer to the nearest whole.

  What is the default risk premium on the corporate bond

A Treasury bond that matures in 10 years has a yield of 4.25%. A 10-year corporate bond has a yield of 8%. Assume that the liquidity premium on the corporate bond is 0.3%. What is the default risk premium on the corporate bond? Round your answer to t..

  Required return exceed farleys required return

Bradford Manufacturing Company has a beta of 1.3, while Farley Industries has a beta of 0.85. The required return on an index fund that holds the entire stock market is 10.5%. The risk-free rate of interest is 6.5%. By how much does Bradford's requir..

  Calculate monthly payment they would have to make to pay off

Kate and Jeremy buy a home. They take a $300,000 mortgage from a credit union after negotiating a 2.6% annual interest rate compouned semi annually. Calculate the monthly payments they would have to make to pay off the home in 25 years.

  If a nations income exceeds its spending

If a nation's income exceeds its spending, then. The US savings deficit can be attributed, in part, to. In a freely floating exchange rate system, if the capital account surplus for the U.S. rises, what will most likely happen to the real value of th..

  Used for the common stock in the computation of Team WACC

Team Sports has 6 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 200 thousand bonds ($1,000 par). If the common shares are selling for $24.50 per share, the preferred share are selling for $20 per sha..

  Effective annual cost of costly trade credit

If Rubash Corporation bought on terms of 1/10, net 30, what would be its nominal annual cost of costly trade credit? Assume a 365-day year. If Rubash were unable to stretch its trade credit and hence had to pay by Day 30 if it did not take discounts,..

  What should price per share be for firms common stock

Suppose a firm is anticipated to have a Net Income per Share of $25 next year and is expected to pay only 20% of (total) Net Income in Dividends. Also, the firm faces an unusually high cost of common stock of 22% and has an unusually low dividend gro..

  Fixed costs-variable cost per unit-revenue per unit

Consider the following data: fixed costs = $10 million, variable cost per unit = $400, and revenue per unit = $1,200. For this organization, which of the following statements is most correct?

  Major differences between these two market indicators

The Dow Jones Industrial Average and the Standard & Poor's Industrial Index have a number of similarities and differences. Discuss at least two major similarities and major differences between these two market indicators.

  What is the current value of the annuity

A 5-year annuity of ten $8,000 semi-annual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount rate is 8 percent compounded monthly, what is the value of this annuity five years from now? If the dis..

  Present value of dividend expected to be paid in four years

Common stock of Fairfax Paint is currently priced at 90.39 dollars per share. The stock is expected to pay annual dividends that are expected to grow by 4.26 percent forever. The next dividend is expected in 1 year and the expected annual return for ..

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!

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