Monthly compounding on college savings plan

Assignment Help Financial Management
Reference no: EM131977694

1. IBM issues a bond that has a current selling price of 87.00% of its par value which is the standard $1,000 The bond had a coupon interest rate of 4.30% interest is paid annually the bond will mature at the end of 18 years what is the yield to maturity (YTM) on this IBM bond?

2. Mark is planning for his daughter's education. She will be attending a college in 9 years. The college expenses are estimated to be $60,000 for a 4-year college. If he can earn 9 percent APR with monthly compounding on a college savings plan, how much does he have to invest every month for the next 9 years? Round it to two decimal places.

Reference no: EM131977694

Questions Cloud

Define numeric records management : Define numeric records management and list three reasons for storing records by the numeric method.
Human resource management versus organizational development : Without using outside sources, please compare and contrast human resource management versus organizational development.
What is the annual growth rate : Generation X's stock is currently selling for $15 a share. Their most recent dividend paid was $1.50/share and management just declared a dividend of $1.65.
Calculate the real exchange rate : Calculate the real exchange rate between the U.S. and the U.K, q$/£, on 1 March 2018. (round to 3 decimal places)
Monthly compounding on college savings plan : If he can earn 9 percent APR with monthly compounding on a college savings plan, how much does he have to invest every month for the next 9 years?
Calculate after-tax cash flow at disposal : Genetic Insights Co. purchases an asset for $18,035. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation.
New opportunities and thinks you could use reality check : Your friend would like some insights on how to evaluate new opportunities and thinks you could use a reality check.
How much will you have at your retirement : If the retirement account earns a fixed 9% annual interest, how much will you have at your retirement?
What real annual rate are they charging : Your credit card says it charges 15.1% APR with daily compounding. What real annual rate are they charging?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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