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1.) You are saving for the college education of your two children. One child (the oldest) will enter college in 5 years, while the other child will enter college in 7 years. College costs are currently $10,000 per year and are expected to grow at a rate of 5 percent per year. All college costs are paid at the beginning of the year. You assume that each child will be in college for four years. You currently have $50,000 in your educational fund. Your plan is to contribute a fixed amount to the fund over each of the next 5 years. Your first contribution will come at the end of this year (one year from today), and your final contribution will be made on the date at which you make the first tuition payment for your oldest child. You expect to invest your contributions into various investments, which are expected to earn 8 percent per year. How much should you contribute each year in order to meet the expected cost of your children's education? (Round to the nearest dollar)
2.) You are planning to buy your first house. The cost of the house is $200,000, of which you will pay 20% as a down payment and finance the remainder. The mortgage rate on the 30-year loan with monthly payments is 6% compounded monthly. What is the monthly payment amount on the loan and how much of your first month's payment will go towards paying the principle?
3.) Assume Jennifer has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded monthly. Account B has an annual percentage rate of 7.45 percent with interest compounded daily. Which account provides the highest effective annual return?
4.) Kahlil bought 100 shares of Cisco Systems stock for $24.00 per share on January 1, 2008. He received a dividend of $5.00 per share at the end of 2008 and sold his stock for $18.00 per share. What was Kahlil's realized return?
For each of the following costs, indicate whether each of the costs described would be relevant or not to Swenson's Meats' decision about whether to purchase the new machine or to keep the old machine.
you have been asked by the president of your company to evaluate the proposed acquisition of a new spectrometer for the
The truck will have no effect on revenues, but it is expected to save the firm $23,600 per year in before-tax operating costs, mainly labor. The firm's marginal tax rate is 34 percent.
The following are expenses are associated with manufacturing firms, merchandising companies, or service companies:
fuzzy monkey technologies inc. purchased as a long-term investment 190 million of 8 bonds dated january 1 on january 1
Based on their research on the management topic, students then apply that research to an existing nonprofit organization, analyze how that issue has affected the organization’s strategic planning or strategic management and propose recommendations as..
How much value has McLaughlin's management added to stockholder wealth over the years, i.e., what is McLaughlin's MVA? Round your answer to the nearest dollar, if necessary.
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how would you define working capital? what could happen if an organization neglected to manage its working capital?
a stock index currently stands at 350. the risk-free interest rate is 8 per annum with continuous compounding and the
However, the new ownership group thinks they can generate a 5% return from their $2 Billion equity investment, especially when they will likely sign a $3.0 Billion, 15-year TV rights package in the next few months. The TV revenue works out to $200..
determine the present values if 5000 in the future i.e. at the end of each indicated time period in each of the
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