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Erika and Kitty, who are twins, just received $35,000 each for their 29th birthdays. They both have aspirations to become millionaires. Each plans to make a $5,000 annual contribution to her "early retirement fund" on her birthday, beginning a year from today. Erika opened an account with the Safety First Bond Fund, a mutual fund that invests in high-quality bonds whose investors have earned 6% per year in the past. Kitty invested in the New Issue Bio-Tech Fund, which invests in small, newly issued bio-tech stocks and whose investors have earned an average of 16% per year in the fund's relatively short history.
If Erika's fund earns the same returns in the future as in the past, how old will she be when she becomes a millionaire? Round your answer to two decimal places. years
If Kitty's fund earns the same returns in the future as in the past, how old will she be when she becomes a millionaire? Round your answer to two decimal places. years
How large would Erika's annual contributions have to be for her to become a millionaire at the same age as Kitty, assuming their expected returns are realized? Round your answer to the nearest cent.
what is the effective annual interest rate on this lending arrangement?
What is Manor's TIE ratio? Round your answer to two decimal places.
Calculate India's average annual growth rate of prices over the decade.
Explain. What should happen to Dullpore's cash balances when they increase their line of credit? Why? What would happen to Dullpore's current ratio? According to this change is Dullpore more or less liquid?
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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Mary and Joe would like to save up $10,000 by the end of 3 years from now to buy new furniture for their home. They currently have $1,500.
Assume that all earnings are paid as dividends and that both firms require a 14 percent rate of return.
The beta of RicciCo.'s stock is 3.2, whereas the risk-free rate of return is 9 percent. If the expected return on the market is 18 percent, then what is the expected return on RicciCo.?
If the weighted average cost of capital is 14%, what is the firm's value of operations, in millions?
general motors exports cars to spain but the strong dollar against the peseta hurts sales of gm cars in spain. in the
The following selected data is taken from the records of Beckstrom Company. Make an income statement for the year ended December 31, 2006.
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