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33. How much money needs to be set aside today to pur- chase a new piece...
will rate and like thanks! Question 8 1 pts At what periodic interest rate is $2.000...
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Question 8 1 pts At what periodic interest rate is $2.000 cash receipt occurring at the beginning of year 1 equivalent to 4 annual 5600 cash disbursements? The first cash disbursement occurs at the end of year 1, the second occurs at the end of year 2, the third occurs at the end of year 3. and the fourth occurs at the end of year 4. The periodic interest rate is compounded annually. 5.33% 7.71%...
A couple with a new baby girl want to set aside money today that will cover...
A couple with a new baby girl want to set aside money today that will cover her four years of college. This will be a ONE-time contribution to a mutual fund that returns 8.00% per year on average. Currently, college tuition costs $44,900.00 for four years, but it is growing at 3.00% per year. The "baby" girl will start college in 17.00 years. How much money must they set aside today to cover the cost of college?
A couple with a new baby girl want to set aside money today that will cover...
A couple with a new baby girl want to set aside money today that will cover her four years of college. This will be a ONE-time contribution to a mutual fund that returns 9.00% per year on average. Currently, college tuition costs $39,200.00 for four years, but it is growing at 2.00% per year. The "baby" girl will start college in 18.00 years. How much money must they set aside today to cover the cost of college?
A couple with a new baby girl want to set aside money today that will cover...
A couple with a new baby girl want to set aside money today that will cover her four years of college. This will be a ONE-time contribution to a mutual fund that returns 7.00% per year on average. Currently, college tuition costs $44,300.00 for four years, but it is growing at 2.00% per year. The "baby" girl will start college in 17.00 years. 1.How much money must they set aside today to cover the cost of college? 2. What will...
You want to set aside some money today in order to present your son with a...
You want to set aside some money today in order to present your son with a $25000 trip upon his graduation from high school in three years. If your opportunity cost of capital is 9% per year, how much do you need to set aside? Round your answer to the nearest dollar. $21,094 $16,188 O $18,750 O $19,305
A very careful new father wants to set money aside for his baby daughter’s wedding. If...
A very careful new father wants to set money aside for his baby daughter’s wedding. If the wedding takes place in 26.00 years, he expects it will cost $73,300.00 . If the father can earn 9.00% on his investments, how much does he need to invest today to reach his goal? Answer Format: Currency: Round to: 2 decimal places.
You would like to set aside enough money to pay for the maintenance you will need...
You would like to set aside enough money to pay for the maintenance you will need for your new car. You estimated that you will need $872 at the end of year 2, and another $1407 at the end of year 7. How much do you need to set aside today in order to pay for all of these expenses, assuming that the bank pays 8% per year compounded annually? Enter your answer as follows: 1234 Round your answer. Do...
A couple with a new baby girl want to set aside money today that will cover...
A couple with a new baby girl want to set aside money today that will cover her four years of college. This will be a ONE-time contribution to a mutual fund that returns 8.00% per year on average. Currently, college tuition costs $44,900.00 for four years, but it is growing at 3.00% per year. The "baby" girl will start college in 17.00 years. What will be the cost of tuition when their "baby" girl starts college?
Practice Questions 1. You wish to set aside some money today in order to provio when...
Practice Questions 1. You wish to set aside some money today in order to provio when they go to college. You cousin will begin college in 3) day they begin college and your investment account can earn aside to make your plan work? in order to provide 24 payments of $500 to your cousin in college in 3 years. If the first payment begins on the account can earn J12=4.8%, how much must you set 2. Mr. Smith just purchased...
-27 How much invested now at an interest rate of 9% compounded annually would be just...
-27 How much invested now at an interest rate of 9% compounded annually would be just sufficient to provide three payments as follows: the first payment in the amount of $3,000 occurring two years from now, the second payment in the amount of $4,000 five years thereafter, and the third payment in the amount of $5,000 seven years thereafter? 62.34 What is the future worth of a series of equal yearly deposits of $5,000 for 7 years in a savings...
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Question 8 1 pts At what periodic interest rate is $2.000 cash receipt occurring at the beginning of year 1 equivalent to 4 annual 5600 cash disbursements? The first cash disbursement occurs at the end of year 1, the second occurs at the end of year 2, the third occurs at the end of year 3. and the fourth occurs at the end of year 4. The periodic interest rate is compounded annually. 5.33% 7.71%...
You want to set aside some money today in order to present your son with a $25000 trip upon his graduation from high school in three years. If your opportunity cost of capital is 9% per year, how much do you need to set aside? Round your answer to the nearest dollar. $21,094 $16,188 O $18,750 O $19,305
You would like to set aside enough money to pay for the maintenance you will need for your new car. You estimated that you will need $872 at the end of year 2, and another $1407 at the end of year 7. How much do you need to set aside today in order to pay for all of these expenses, assuming that the bank pays 8% per year compounded annually? Enter your answer as follows: 1234 Round your answer. Do...
Practice Questions 1. You wish to set aside some money today in order to provio when they go to college. You cousin will begin college in 3) day they begin college and your investment account can earn aside to make your plan work? in order to provide 24 payments of $500 to your cousin in college in 3 years. If the first payment begins on the account can earn J12=4.8%, how much must you set 2. Mr. Smith just purchased...
-27 How much invested now at an interest rate of 9% compounded annually would be just sufficient to provide three payments as follows: the first payment in the amount of $3,000 occurring two years from now, the second payment in the amount of $4,000 five years thereafter, and the third payment in the amount of $5,000 seven years thereafter? 62.34 What is the future worth of a series of equal yearly deposits of $5,000 for 7 years in a savings...
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