Homework Answers
Amount of insurance required= Financial Resources required-Financial Resources available
= 660000-500000
=$160000.00
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Question 5 10 pts Creeper estimates that financial resources worth $660,000 will be necessary to protect...
Question 4 10 pts You're eyeing on to purchase a $23,000 vehicle. With a $9.000 down...
Question 4 10 pts You're eyeing on to purchase a $23,000 vehicle. With a $9.000 down payment, three- year loan at a 5% interest. What would be your monthly payments? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
Question 3 10 pts A stock pays annual, fixed dividends of $21 forever. Assuming a required...
Question 3 10 pts A stock pays annual, fixed dividends of $21 forever. Assuming a required rate of return of 7%, what is the value of the stock? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
Question 9 10 pts Consider a $25,000, three-year loan at an interest rate of 4%, payments...
Question 9 10 pts Consider a $25,000, three-year loan at an interest rate of 4%, payments to be made monthly. What is the monthly payment using add-on interest? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g, for $12,345.67, type 12345.67).
Question 2 10 pts A stock pays dividends annually. It just paid a dividend of $5...
Question 2 10 pts A stock pays dividends annually. It just paid a dividend of $5 that is expected to grow at a constant rate of 4% forever. Assuming a required rate of return of 13%, what is the value of the stock using the constant growth model? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
Question 6 10 pts Value a bond that is $1,000 par, semi-annual coupon payments, 20 years...
Question 6 10 pts Value a bond that is $1,000 par, semi-annual coupon payments, 20 years to maturity. 10% coupon rate, and with an 8% required (market) rate. Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
Question 1 10 pts Consider an annuity that pays $700 per year for 11 years, with...
Question 1 10 pts Consider an annuity that pays $700 per year for 11 years, with the first payment starting a year later (t=1). What is its future value 11 years from now at an expected return of 14% per year? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
D Question 3 10 pts You are willing to pay $960 monthly for a car loan...
D Question 3 10 pts You are willing to pay $960 monthly for a car loan and currently have $2,000 that can be used toward down payment. You are offered a three-year loan at an APR of 5% What is the maximum car price that you can afford? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
Please show your calculations Question 2: (Capital Retention Approach) Pat estimates that $60,000 is seen as...
Please show your calculations
Question 2: (Capital Retention Approach) Pat estimates that $60,000 is seen as sufficient wealth to meet his family's needs after his death. Currently, the family has $800,000 total assets, including bank saving, securities investment, house, cars, etc. The family currently has $220,000 total liability (e.g., mortgage payoff, auto loan, credit card balance), $135,000 cash needs (e.g., emergency fund, educational fund, and final expenses), and $145,000 non-income-producing capital. Ignore any other potential capital resources or needs, e.g.,...
Question 16 1.33 pts According to Chapter 10, there were 32,000 assisted living facilities and similar...
Question 16 1.33 pts According to Chapter 10, there were 32,000 assisted living facilities and similar facilities, 12,400 home health agencies, 4,800 adult day care centers, and 4,000 hospices in the U.S. Based upon this information, is the ratio between assisted living facilities to hospices a greater ratio than the ratio between adult day care centers and home health agencies? (Level 3) O a. Yes, the ratio between assisted living facilities and hospices 4:1 is greater than the ratio 31:...
this is all the information given Personal Financial Planning Mini-Case Jeff and Mary Douglas, a couple...
this is all the information given
Personal Financial Planning Mini-Case Jeff and Mary Douglas, a couple in their mid-30s, have two children - Paul age 6 and Marcy age 7. The Douglas' do not have substantial assets and have not yet reached their peak earning years. Jeff is a general manager of a jewelry manufacturer in Providence, RI while Mary teaches at the local elementary school in the town of Tiverton, RI. The family needs both incomes to meet their...
Question 4 10 pts You're eyeing on to purchase a $23,000 vehicle. With a $9.000 down payment, three- year loan at a 5% interest. What would be your monthly payments? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
Question 3 10 pts A stock pays annual, fixed dividends of $21 forever. Assuming a required rate of return of 7%, what is the value of the stock? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
Question 9 10 pts Consider a $25,000, three-year loan at an interest rate of 4%, payments to be made monthly. What is the monthly payment using add-on interest? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g, for $12,345.67, type 12345.67).
Question 2 10 pts A stock pays dividends annually. It just paid a dividend of $5 that is expected to grow at a constant rate of 4% forever. Assuming a required rate of return of 13%, what is the value of the stock using the constant growth model? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
Question 6 10 pts Value a bond that is $1,000 par, semi-annual coupon payments, 20 years to maturity. 10% coupon rate, and with an 8% required (market) rate. Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
Question 1 10 pts Consider an annuity that pays $700 per year for 11 years, with the first payment starting a year later (t=1). What is its future value 11 years from now at an expected return of 14% per year? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
D Question 3 10 pts You are willing to pay $960 monthly for a car loan and currently have $2,000 that can be used toward down payment. You are offered a three-year loan at an APR of 5% What is the maximum car price that you can afford? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).
Please show your calculations
Question 2: (Capital Retention Approach) Pat estimates that $60,000 is seen as sufficient wealth to meet his family's needs after his death. Currently, the family has $800,000 total assets, including bank saving, securities investment, house, cars, etc. The family currently has $220,000 total liability (e.g., mortgage payoff, auto loan, credit card balance), $135,000 cash needs (e.g., emergency fund, educational fund, and final expenses), and $145,000 non-income-producing capital. Ignore any other potential capital resources or needs, e.g.,...
Question 16 1.33 pts According to Chapter 10, there were 32,000 assisted living facilities and similar facilities, 12,400 home health agencies, 4,800 adult day care centers, and 4,000 hospices in the U.S. Based upon this information, is the ratio between assisted living facilities to hospices a greater ratio than the ratio between adult day care centers and home health agencies? (Level 3) O a. Yes, the ratio between assisted living facilities and hospices 4:1 is greater than the ratio 31:...
this is all the information given
Personal Financial Planning Mini-Case Jeff and Mary Douglas, a couple in their mid-30s, have two children - Paul age 6 and Marcy age 7. The Douglas' do not have substantial assets and have not yet reached their peak earning years. Jeff is a general manager of a jewelry manufacturer in Providence, RI while Mary teaches at the local elementary school in the town of Tiverton, RI. The family needs both incomes to meet their...
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