ZuoTi.Pro
Question

Question 1 (1 point) Saved You want to invest on the education of your newborn daughter. You estimate that 5 years of undergrQuestion 2 (1 point) In your construction business, you are planning to purchase a truck which costs $45,000 and have a variaQuestion 3 (1 point) You were given three cost-reduction proposals in your lower tier textile operation. AO denotes the do-noQuestion 4 (1 point) The original cost of a machine was $50,000. This machine can be sold for $25,000 now, and its estimated

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1
Education expense
Undergradute engineering 20000
Graduate school 30000
Total expense 50000
Future value of monthly deposits = Total education expense
Future value of monthly deposits =
Monthly deposits * ((1+interest rate)^18years -1)/rate of interest
Future value of monthly deposits = Monthly deposits *45.5992
50000= Monthly deposits *45.5992
Monthly deposits 50000/45.5992
Monthly deposits $1,096.51
Hence answer is option a - None of the answers are correct
0 0
Add a comment
Know the answer?
Add Answer to:
Question 1 (1 point) Saved You want to invest on the education of your newborn daughter....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Question 3 (1 point) Saved You were given three cost-reduction proposals in your lower tier textile...

    Question 3 (1 point) Saved You were given three cost-reduction proposals in your lower tier textile operation AO denotes the do-nothing alternative. The required investments are $320.000 for A1. $550,000 for A2, and $820,000 for A3. If the MARR is 15%, what system should be selected? You already estimated rates of return for the three projects, along with some incremental rates of return: Incremental Rate of Return (%) 18% 20 Incremental Investment A - Ao A₂ - Ao Az -...

  • Question 2 (1 point) Saved In your construction business, you are planning to purchase a truck...

    Question 2 (1 point) Saved In your construction business, you are planning to purchase a truck which costs $45,000 and have a variable cost that starts at $15,000 the first year and increases by $2,000 per year. Assume that the estimated market value at the end of five years is $9,000 and the interest rate is %10. What is the equivalent annual cost of owning and operating the truck? a) Between $30,600 and $40,000 b) Between $12.000 and $12,400 Between...

  • The original cost of a machine was $50,000. This machine can be sold for $25,000 now,...

    The original cost of a machine was $50,000. This machine can be sold for $25,000 now, and its estimated market value decreases by $5,000 keeping one more year. The modification cost to use the machine now is $5,000, and the maintaining cost of the machine is $5,000 in the first year increasing by $1,000 next four years. Minimum expected return is set to 10%. How much would be your annual saving if you hold this machine only two years instead...

  • You want to save for your newborn child’s college education. You can invest in a tax...

    You want to save for your newborn child’s college education. You can invest in a tax free bond which pay 7% annual interest rate, compounded continuously. How much should you invest (principle) today so that you will have $100,000 in 18 years?

  • Today (t=0) your daughter is born and you decide to start saving for her education. You...

    Today (t=0) your daughter is born and you decide to start saving for her education. You figure that you will need to pay for 5 years of undergraduate engineering at $20,000 per year (from t=18 through t=22), and two years for graduate school at $30,000 per year (t=23 and t=24). you decide to start your equal-sum deposits on her 5th birthday. You plan to make equal-sum deposits all the way through to her 24th birthday (so including t=5, including t=10,...

  • Question 10 (1 point) v. Saved A certain machine has the estimates shown below: Machine First...

    Question 10 (1 point) v. Saved A certain machine has the estimates shown below: Machine First Cost ($) Annual operating cost ($/ year) Salvage value ($) Life (years) -10,000 -5,000 2,000 10 At an interest rate of 10% per year, the annual worth of the machine is equal to: INTER -$7,635 LES O-$6,329 FREE ALERIE MENTRE INPIRE 0 -$6,627 LETTER RELATED IR 0-$6,502 FERIE EE

  • 7. You plan to establish a college education fund for your child. The current cost for...

    7. You plan to establish a college education fund for your child. The current cost for college is $12,000 per year and you expect this cost to increase by $600 per year. You plan to deposit money into an account earning 10% yearly nominal interest, compounded monthly, at the end of each year for the next 17 years. You will withdraw the amount required for college in the end of years 18 to 21 to pay for college for years...

  • Question 5 (1 point) ✓ Saved Suppose you want to know whether travel experiences are related...

    Question 5 (1 point) ✓ Saved Suppose you want to know whether travel experiences are related to knowledge of geography. You give a 15 item quiz on American Geography and you also ask how many states participants have visited then look to see if there is a relation between the 2 t-test O correlation Multiple Regression chi squared ANOVA (F test) Question 6 (1 point) ✓ Saved In an experiment designed to study the effects of exposure to an aggressive...

  • Question 29 (1 point) In January 2018, Vega Corporation purchased a patent at a cost of...

    Question 29 (1 point) In January 2018, Vega Corporation purchased a patent at a cost of $200.000. Legal and filing fees of $50,000 were paid to acquire the patent. The company estimated a 10-year useful life for the patent and uses the straight-line amortization method for all intangible assets. In January, 2021, Vega spent $40,000 in legal fees for an unsuccessful defense of the patent and the patent is no longer usable. The amount charged to income (expense and loss)...

  • Question 25 (1 point) Charlie Cai promises to deposit a sum of $120,000 for his granddaughter's...

    Question 25 (1 point) Charlie Cai promises to deposit a sum of $120,000 for his granddaughter's college education 18 years from now. If he invests $25,000 today, what should be return on investment he should get to be able keep up the promise? Assume interest is compounded yearly. 0935% 9.11%

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT