Upcoming wedding and plan to take year-end vacations

Assignment Help Finance Basics
Reference no: EM131222393

Linda (from problem 44) is now 18 years old (five years have passed), and she wants to get married instead of going to school. Your parents have accumulated the necessary funds for her education.

Instead of her schooling, your parents are paying $8,000 for her upcoming wedding and plan to take year-end vacations costing $5,000 per year for the next three years.

How much money will your parents have at the end of three years to help you with graduate school, which you will start then? You plan to work on a master's and perhaps a PhD. If graduate school costs $14,045 per year, approximately how long will you be able to stay in school based on these funds? Use 10 percent as the appropriate interest rate throughout this problem

Reference no: EM131222393

Questions Cloud

Determining the capital structure : You do not have to select three companies listed on the same exchange; however, the companies selected must have information that is readily and easily accessible, such as through the firm's Web site. Specifically, you will need to research the fo..
Describe impact on banks of collapse of the currency board : During the time of the currency board, Argentinean banks offered accounts in both dollars and pesos, - Describe the impact on banks of the collapse of the currency board.
Create a pivot table for the median gross salary : MGT 819 Homework - Suppose we want to create a pivot table for the median gross salary for various combinations of campus and titles that include the term "PROF-HCOMP".
What do you think of salvatierra argument : What do you think of Salvatierra's argument? Do you think other organizers can learn anything from faith-based organizers? Vice-versa? Why or why not? Is faith-based organizing beneficial for society? Why or why not?
Upcoming wedding and plan to take year-end vacations : Instead of her schooling, your parents are paying $8,000 for her upcoming wedding and plan to take year-end vacations costing $5,000 per year for the next three years.
Investment fund for the eastern football league : You are chairperson of the investment fund for the Eastern Football League. You are asked to set up a fund of semiannual payments to be compounded semiannually to accumulate a sum of $100,000 after 10 years at an 8 percent annual rate (20 payments..
How could concern over an election drive up the risk premium : How could concern over an election drive up the risk premium? -  How was the risk premium connected to the value of the currency?
Successful maintenance of a fixed exchange rate regime : Explain why a well-capitalized domestic banking system might be important for the successful maintenance of a fixed exchange-rate regime.
What you find insightful and problematic in their views : Discuss similarities and differences in the views of Samuel Florman and Alasdair Maclntyre, and what you find insightful and problematic in their views.

Reviews

Write a Review

Finance Basics Questions & Answers

  A financial planner and the couple asks

Scott and Alisson are married and file a joint tax return. Scott is a graduate student who works part-time and earned $15,000 in 2012. He is not eligible to participate in his employer's retirement plan because he is a part-time worker.

  What is the value of the put option

What long position in the stock is necessary to hedge a long put option when the strike price is $32? Give the number of shares purchased as a percentage of the number of options purchased option.

  Examine the mix of debt and equity

Please examine the mix of debt and equity that British Petroleum (BP) uses. After finding this data:

  An entity purchases equipment from a foreign supplier for

an entity purchases equipment from a foreign supplier for euro6 million on march 31 20x6 when the exchange rate was

  What is the cash break-even quantity

A project has the following estimated data: price = $68 per unit; variable costs = $44 per unit; fixed costs = $18,000; required return = 10 percent; initial investment = $40,000; life = five years. Ignoring the effect of taxes, what is the accoun..

  Computation required portfolio return given discount rate

Computation required portfolio return given discount rate and stock betas and invested amounts

  What is the inventory period

Wage Garnishers, Inc. has sales for the year of $50,300 and cost of goods sold of $23,700. The firm carries an average inventory of $4,800 and has an average accounts payable balance of $4,400. What is the inventory period?

  What benefits or risks are available for companies

What benefits/risks are available for companies that are involved in the Foreign Markets?

  Assume a project has earnings before depreciation and taxes

assume a project has earnings before depreciation and taxes of 15000 depreciation of 25000 and that the firm has a 30

  The world war ii end

When did the world war II end? A. 1945 B. 1935

  Prepare the following budgets for 1 quarter broken down

1. prepare the following budgets for 1 quarter broken down monthly regarding your chosen item estimated sales budget

  What is the firm cost of preferred stock

The firm also has a total of $10,000,000 (par value) is debt outstanding. The debt is in the form of bonds with 10 years left to maturity. They pay semi-annual coupons at a coupon rate of 12% Currently, the bonds sell at %110 of par value.

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