What is the monthly deposit

Assignment Help Financial Management

Reference no: EM13847924

1) TV’s R Yours is advertising a deal, in which you buy a flat screen TV for $4,769 (including tax) with one year before you need to pay (no interest is incurred if you pay by the end of the one year). How much would you need to deposit at the end of each month in a savings account earning 1.2% APR, compounded monthly, to be able to pay the $4,769 bill in one year?

What is the monthly deposit?

2) On July 25, 2014, the Dow Jones Industrial Average opened $17,083.80 and closed at $16,960.57. What was the effective annual rate return (in percent) of the stock market that day? Daily Return:

EAR:

Reference no: EM13847924

Questions Cloud

Wlan security project report for bce : A local IT company ZeTech needs your help with a WLAN security project report for BCE. BCE is a medium size sports company and has 8 offices all around the world with 400-450 employees and around 500 daily customers on average

What effect will have on the standard error of the mean : What is the probability that a random sample of 49 different one-hour shopping periods will yield a sample mean between 441 and 446 shoppers and what effect will this have on the standard error of the mean?

Start saving for retirement : Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $52,000 and you plan to spend all of it. However, you want to start saving for retirement beginning next yea..

What is a troubleshooting model : What is a troubleshooting model? Describe how you would use a troubleshooting model to resolve a user's inability to connect to the Internet from a physically connected networked laptop in an office

What is the monthly deposit : TV’s R Yours is advertising a deal, in which you buy a flat screen TV for $4,769 (including tax) with one year before you need to pay (no interest is incurred if you pay by the end of the one year). How much would you need to deposit at the end of ea..

Determine the irr of each investment : Investment A has the following cash flows: 200,200,300,200 200 Investment B has the following cash flows: 300,300,300,300,300 Both investments have a cost of 350 initially. Indicate which registers, financial or cash flow, can be used to determine th..

Annual discount rate appropriate : What is the present value of $1,500 received for 24 months in arrears, followed by $1,200 received for 36 months in arrears, if the annual discount rate appropriate is 9.25%?

What was the price of these bonds when they were issued : One year (2014) Alpha issued 10 year bond at par value. The coupon rate of these bonds is 7% and pay interest semi-annually. Today (2015) the interest rate on these bonds has decreased to 6.2% (the bonds currently have a YTM of 6.2%). 1. What was the..

The same time for the same security : A hedge fund company and I entered an order at the same time for the same security. At the same time later that day both of us sold the position. When calculating returns I had a slight gain while the hedge fund had a large loss. How could this be ex..

User Account

All Pages