Homework Answers
Required initial investment = Present value of amount to be withdraw
= $111440*5.53705
= $617049
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x Your answer is incorrect. Try again. na Corporation wants to withdraw $111,440 (including principal from...
Shamrock Corporation wants to withdraw $110,360 (including principal) from an investment fund at the end of...
Shamrock Corporation wants to withdraw $110,360 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Required initial investment $enter the required initial investment in dollars
* Your answer is incorrect. Try again. Pina Corporation purchased a special tractor on December 31,...
* Your answer is incorrect. Try again. Pina Corporation purchased a special tractor on December 31, 2020. The purchase agreement stipulated that Pina should pay $21,610 at the time of purchase and $4,790 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2020, at what amount, assuming an appropriate interest rate of 12%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.)...
Sally Monroe wants to create a fund today that will enable her to withdraw $28,800 per...
Sally Monroe wants to create a fund today that will enable her to withdraw $28,800 per year for 6 years, with the first withdrawal to take place 4 years from today. Click here to view factor tables If the fund earns 8% interest, how much must Sally invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment amount $
Testbank Exercise 136 * Your answer is incorrect. Try again. If $88,000 is deposited annually starting...
Testbank Exercise 136 * Your answer is incorrect. Try again. If $88,000 is deposited annually starting on January 1, 2020 and it earns 8%, how much will accumulate by December 31, 2029? (Round factor values to 5 decima places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Click here to view factor tables Future value 1010900 Click if you would like to Show Work for this question: Open Show Work
6-14 Serena Monroe wants to create a fund today that will enable her to withdraw $34,500...
6-14 Serena Monroe wants to create a fund today that will enable her to withdraw $34,500 per year for 7 years, with the first withdrawal to take place 4 years from today. Click here to view factor tables If the fund earns 12% interest, how much must Serena invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment amount $
Your answer is incorrect. Try again. You have just invested in a portfolio of three stocks....
Your answer is incorrect. Try again. You have just invested in a portfolio of three stocks. The amount of money that you invested in each stock and its beta are summarized below. Stock А Beta 1.52 Investment $196,000 294,000 490,000 0.55 1.34 Calculate the beta of the portfolio and use the Capital Asset Pricing Model (CAPM) to compute the expected rate of return for the portfolio. Assume that the expected rate of return on the market is 18 percent and...
Al Darby wants to withdraw $22500 (including principal) from an investment fund at the end of...
Al Darby wants to withdraw $22500 (including principal) from an investment fund at the end of each year for five years. How should he compute his required initial investment at the beginning of the first year if the fund earns 12% compounded annually? O $22500 times the present value of a 5-year, 12% ordinary annuity of 1. $22500 divided by the future value of a 5 year, 12% ordinary annuity of 1. $22500 divided by the present value of a...
Adams Quincy wants to withdraw $31,300 each year for 12 years from a fund that earns...
Adams Quincy wants to withdraw $31,300 each year for 12 years from a fund that earns 6% interest. How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First withdrawal at year-end enter a dollar amount rounded to 0 decimal places First withdrawal immediately enter a...
x Your answer is incorrect. Try again. Novak Inc. loans money to John Kruk Corporation in...
x Your answer is incorrect. Try again. Novak Inc. loans money to John Kruk Corporation in the amount of $944,000. Novak accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Novak needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Novak will receive on the sale of the note? (Round factor...
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a...
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest. Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First withdrawal at year-end $ First withdrawal immediately LINK...
* Your answer is incorrect. Try again. Pina Corporation purchased a special tractor on December 31, 2020. The purchase agreement stipulated that Pina should pay $21,610 at the time of purchase and $4,790 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2020, at what amount, assuming an appropriate interest rate of 12%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.)...
Testbank Exercise 136 * Your answer is incorrect. Try again. If $88,000 is deposited annually starting on January 1, 2020 and it earns 8%, how much will accumulate by December 31, 2029? (Round factor values to 5 decima places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Click here to view factor tables Future value 1010900 Click if you would like to Show Work for this question: Open Show Work
Your answer is incorrect. Try again. You have just invested in a portfolio of three stocks. The amount of money that you invested in each stock and its beta are summarized below. Stock А Beta 1.52 Investment $196,000 294,000 490,000 0.55 1.34 Calculate the beta of the portfolio and use the Capital Asset Pricing Model (CAPM) to compute the expected rate of return for the portfolio. Assume that the expected rate of return on the market is 18 percent and...
Al Darby wants to withdraw $22500 (including principal) from an investment fund at the end of each year for five years. How should he compute his required initial investment at the beginning of the first year if the fund earns 12% compounded annually? O $22500 times the present value of a 5-year, 12% ordinary annuity of 1. $22500 divided by the future value of a 5 year, 12% ordinary annuity of 1. $22500 divided by the present value of a...
x Your answer is incorrect. Try again. Novak Inc. loans money to John Kruk Corporation in the amount of $944,000. Novak accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Novak needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Novak will receive on the sale of the note? (Round factor...
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest. Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First withdrawal at year-end $ First withdrawal immediately LINK...
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