Homework Answers
Given,
Monthly saving (M) = $ 50
Number of years = 20 years
Interest rate = 8%
Solution :-
Add Answer to:
4.3. The following is a quotation from The Arizona Daily Star February 27, 2000): "If a...
4. In a previous homework, we learned that skipping your daily Starbucks fix would save you...
4. In a previous homework, we learned that skipping your daily Starbucks fix would save you S180 per month. If you invested those savings in a retirement account earning 0.25% per month compound interest, you would have an additional S166,691 saved up by time you retire. Assuming you will live 20 years after retiring, how much additional monthly income will this provide you in your retirement? 66 A concept car that will get 100 miles per gallon and carry four...
g er sh forte Tarch 3-SA On February 28, 2018, Star Theatre Ines general ledger showed...
g er sh forte Tarch 3-SA On February 28, 2018, Star Theatre Ines general ledger showed Cash $15.000; Land $85.000; Buildings 577.000: Record and post Equipment $20,000; Accounts Payable 512.000: Mortgage Payable $118.000, Common Shares $40,000, and Retained Earnings $27.000. During the month of March, the following transactions occurred: trial balance Mar. 1 Received three movies to be shown during the first three weeks of March. The film rental was (LO 3,4,5) $27,000. Or that amount, $10,000 was paid in...
This is for my Math for Liberal Arts class; for chapter: Mathematics of Finance. | A...
This is for my Math for Liberal Arts class; for chapter:
Mathematics of Finance.
| A 20 year old person saves $400.00 per month for 10 years in a retirement account that is paying 8%. At the end of the 10 years, the person leaves that amount in the same account (i.e. paying the same interest, 1 compounding, etc.) until retiring at age 65. How much money will be in the person's account? Over the course of the entire investment,...
Question 13 of 13 Since the birth of her daughter, 20 years ago, Liz has deposited...
Question 13 of 13 Since the birth of her daughter, 20 years ago, Liz has deposited $50 at the beginning of every month into a Registered Education Savings Plan (RESP). The interest rate on the plan was 4.00% compounded monthly for the first 8 years and 4.10% compounded monthly for the next 12 years. a. What would be the accumulated value of the RESP at the end of 8 years? Round to the nearest cent тоотото b. What would be...
64 2.06 A concept car that will get 100 miles per gallon and carry four persons...
64 2.06 A concept car that will get 100 miles per gallon and carry four persons would have a carbon-fiber and aluminum composite frame with a 900 cc three-cylinder turbodiesel/electric hybrid power plant. The extra cost of these technologies is esti- mated to be $11,000. (a) If gasoline savings over a $900 in year one, increasing by 10% each year, what is the present worth of the savings over a 10-year period at an interest rate of 8% per year?...
Assignment 1 Question 120 marka) At the end of 1999, two employees at Zest Manufacturing Harne...
Assignment 1 Question 120 marka) At the end of 1999, two employees at Zest Manufacturing Harne Healthick and Nomwolis Loud-Racket decided to quit their jobs. They had 25 years of experience in manufacturing equipment for Xtra Active Gyms across the country They collected a total of N$ 500 000 between the two of them and planned to open their Eym, based on their expertise. After brainstorming they decided to register the entity under the name Health and kickstart Gym CHKG)....
questions 22-27 564Economice and Puic Pollogs An Analytical Approach 22, True, False Dncertain cinde one explain your answer)y "The demand for tires will be more the demand for Goodyear beand tir...
questions 22-27
564Economice and Puic Pollogs An Analytical Approach 22, True, False Dncertain cinde one explain your answer)y "The demand for tires will be more the demand for Goodyear beand tires tal and ba business for one f the costs Uncertain (cirede oner explain your anwer): "The demand for student more responsive to price over a one-month period than it will be over a one 4 True. False, Uncertain (cirle ones explain your answer): "Because there is no substitute for...
Question 2 (50 points in total) Question based on modified problems 4.3 from the reference text [Flynn (2009)] from...
Question 2 (50 points in total) Question based on modified problems 4.3 from the reference text [Flynn (2009)] from page 135 of the textbook: Create a balance sheet template and prepare a balance sheet for the company at the end of two years of operation (30 points): a. The company has gross sales of $48 million per year and the pattern of sales is even, i.e. there is no cyclical pattern to sales. b. Customers are large firms with a...
PLEASE SHOW EXCEL FORMULA WORK PLEASE SHOW EXCEL FORMULA WORK Lockheed Tri Star and Capital Budgeting1...
PLEASE SHOW EXCEL FORMULA WORK
PLEASE SHOW EXCEL FORMULA WORK
Lockheed Tri Star and Capital Budgeting1 In 1971, the American aerospace company, Lockheed, found itself in Congressional hearings seeking a $250 million federal guarantee to secure bank credit required for the completion of the L-1011 Tri Star program. The L-1011 Tri Star Airbus was a wide-bodied commercial jet aircraft with a capacity of up to 400 passengers, competing with the DC-10 triject and the A- 300B airbus. Spokesmen for Lockheed...
please show calculations and a timeline if possible 73 8. I plan to retire in 20...
please show calculations and a timeline if possible
73 8. I plan to retire in 20 years. I currently have $150,000 saved up. I will invest $1000 at the 74 beginning of every month in the account. If I earn 10% a year over the next ten years and then 75 12% a year over the remaining 10 years, how much will I have for retirement? At retirement 76 transfer all the money into assets that earn only 7% a...
4. In a previous homework, we learned that skipping your daily Starbucks fix would save you S180 per month. If you invested those savings in a retirement account earning 0.25% per month compound interest, you would have an additional S166,691 saved up by time you retire. Assuming you will live 20 years after retiring, how much additional monthly income will this provide you in your retirement? 66 A concept car that will get 100 miles per gallon and carry four...
g er sh forte Tarch 3-SA On February 28, 2018, Star Theatre Ines general ledger showed Cash $15.000; Land $85.000; Buildings 577.000: Record and post Equipment $20,000; Accounts Payable 512.000: Mortgage Payable $118.000, Common Shares $40,000, and Retained Earnings $27.000. During the month of March, the following transactions occurred: trial balance Mar. 1 Received three movies to be shown during the first three weeks of March. The film rental was (LO 3,4,5) $27,000. Or that amount, $10,000 was paid in...
This is for my Math for Liberal Arts class; for chapter:
Mathematics of Finance.
| A 20 year old person saves $400.00 per month for 10 years in a retirement account that is paying 8%. At the end of the 10 years, the person leaves that amount in the same account (i.e. paying the same interest, 1 compounding, etc.) until retiring at age 65. How much money will be in the person's account? Over the course of the entire investment,...
Question 13 of 13 Since the birth of her daughter, 20 years ago, Liz has deposited $50 at the beginning of every month into a Registered Education Savings Plan (RESP). The interest rate on the plan was 4.00% compounded monthly for the first 8 years and 4.10% compounded monthly for the next 12 years. a. What would be the accumulated value of the RESP at the end of 8 years? Round to the nearest cent тоотото b. What would be...
64 2.06 A concept car that will get 100 miles per gallon and carry four persons would have a carbon-fiber and aluminum composite frame with a 900 cc three-cylinder turbodiesel/electric hybrid power plant. The extra cost of these technologies is esti- mated to be $11,000. (a) If gasoline savings over a $900 in year one, increasing by 10% each year, what is the present worth of the savings over a 10-year period at an interest rate of 8% per year?...
Assignment 1 Question 120 marka) At the end of 1999, two employees at Zest Manufacturing Harne Healthick and Nomwolis Loud-Racket decided to quit their jobs. They had 25 years of experience in manufacturing equipment for Xtra Active Gyms across the country They collected a total of N$ 500 000 between the two of them and planned to open their Eym, based on their expertise. After brainstorming they decided to register the entity under the name Health and kickstart Gym CHKG)....
questions 22-27
564Economice and Puic Pollogs An Analytical Approach 22, True, False Dncertain cinde one explain your answer)y "The demand for tires will be more the demand for Goodyear beand tires tal and ba business for one f the costs Uncertain (cirede oner explain your anwer): "The demand for student more responsive to price over a one-month period than it will be over a one 4 True. False, Uncertain (cirle ones explain your answer): "Because there is no substitute for...
Question 2 (50 points in total) Question based on modified problems 4.3 from the reference text [Flynn (2009)] from page 135 of the textbook: Create a balance sheet template and prepare a balance sheet for the company at the end of two years of operation (30 points): a. The company has gross sales of $48 million per year and the pattern of sales is even, i.e. there is no cyclical pattern to sales. b. Customers are large firms with a...
PLEASE SHOW EXCEL FORMULA WORK
PLEASE SHOW EXCEL FORMULA WORK
Lockheed Tri Star and Capital Budgeting1 In 1971, the American aerospace company, Lockheed, found itself in Congressional hearings seeking a $250 million federal guarantee to secure bank credit required for the completion of the L-1011 Tri Star program. The L-1011 Tri Star Airbus was a wide-bodied commercial jet aircraft with a capacity of up to 400 passengers, competing with the DC-10 triject and the A- 300B airbus. Spokesmen for Lockheed...
please show calculations and a timeline if possible
73 8. I plan to retire in 20 years. I currently have $150,000 saved up. I will invest $1000 at the 74 beginning of every month in the account. If I earn 10% a year over the next ten years and then 75 12% a year over the remaining 10 years, how much will I have for retirement? At retirement 76 transfer all the money into assets that earn only 7% a...
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