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Leslie receive $2000 a month and rents an apartment for $600 a month (utilities included), and also has a credit card with an yearly interest rate of 7 percent and a balance of $1500. She currently has no savings. Design a monthly budget for Leslie so that at the end of two years, the credit card balance is as low as possible and Leslie has as much savings as possible. (You may assume that if she opens a savings account, it draws 3% annual interest compounded monthly.) Remember that Leslie needs to use some money for food and miscellaneous expenses.
Assuming that she sticks to the budget you design, what will he credit card balance be at the end of two years, and how much will she have in savings?
A 1,000 face value bond has remaining maturity of ten years and a required return of 9 percent. The bond's coupon rate is 7.4%. Determine the fair value of this bond?
Retirement Problem : - You realize that in the analysis above you forgot to include the impact of inflation. Recalculate the answer to # 22 assuming inflation is 3% per year (the real rate is 3.89%) and the 150,000 annually is stated in real dol..
Financial Analysis Toolbox (Portfolio Project) - This toolbox consists of a listing and representative examples of techniques used in the course to make meaningful financial decisions.
Income from a precious metals mining operation has been decreasing uniformly for five years. If income in year one was $100,000 and it decreased by $10,000 per year through year five,
Howard Company bought factory equipment with invoice price of $90,000. Other costs incurred were freight costs, $2,100; installation wiring and foundation, $2,200; material and labor costs in testing equipment, $700
Determine how you plan to create an investment portfolio. What steps do you plan to undertake to create your portfolio? How do you plan to weight the portfolio? How do you plan to account for risk?
Find what is the company's dollar dividend payment per share each quarter?
Determine which one of the following is NOT a reason that financial control may be an ineffective scoreboard - it is oriented toward short-term profits,
Find out the present value of the following future amounts?
Determine the four basic assumptions which underlie the system of financial reporting and identify which basic assumption of accounting is best described in each item below:
Recovering from a service failure requires different strategies and methods for hotel serving business travellers than for restaurant serving family dinners. State whether you agree or disagree.
Explain and quantify the elements of working capital for 2006 fiscal year for both the Walt Disney Company and Apple. Explain the functions of intermediaries and financial regulatory bodies within the companies.
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