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I NEED ABSOLUTELY CORRECT ANSWERS FOR THESE. 0.6 pts Question The city of Suburbia received a...
The city of Suburbia received a proposal for plant watering from Water Can Gardening Company. The company would water all city plants for $646 each quarter, increasing the amount charged by $12 each subsequent quarter. Water Can Gardening Company requires a 8-year commitment. The mayor has asked you to calculate the equivalent uniform quarterly cost for the plant water service to help with budgeting. Use a nominal annual interest rate of 6%, compounded quarterly, to make the calculation. Enter your...
The city of Suburbia received a proposal for plant watering from Water Can Gardening Company. The company would water all city plants for $469 each quarter, increasing the amount charged by $18 each subsequent quarter. Water Can Gardening Company requires a 10-year commitment. The mayor has asked you to calculate the equivalent uniform quarterly cost for the plant water service to help with budgeting. Use a nominal annual interest rate of 6%, compounded quarterly, to make the calculation.
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Question 5 0.4 pts You have $792,065 in a retirement account that pays a nominal annual interest rate of 9%, compounded quarterly. If you plan to take a quarterly distribution for the next 12 years, how much could you withdraw each quarter? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("") or a decimal point (":"). Question 6 0.5 pts Kreskin deposits $6,011...
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0.5 pts Question 3 Violet deposits $7,073 at the end of each year into an account paying a nominal annual interest rate of 8% compounded monthly. How much does Violet have in the account at the end of 11 years? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("') or a decimal point (".") 0.5 pts Question 4 Paisley Motors helped out a...
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Question 1 0.4 pts Umber is the project manager of a new project. Another employee calculated the present worth of the project as $630,997, but now the CEO has asked Umber to calculate the equivalent uniform quarterly worth of the project. The company uses a nominal annual rate of 24%, compounded quarterly. The project has a lifespan of 8 years. What is the equivalent uniform quarterly worth of...
This is an extra credit review problem. It is optional. Chugington, Inc. is doing some financial planning. The company currently has $34,137 in its account, and it knows it will need to make a withdrawal of $32.706 in 8 years to pay for an equipment upgrade. The company anticipates depositing $9,317 at the end of year 6 from a project. The company will also need to make another large withdrawal of $2,891 at the end of year 2 to pay...
Question 1 0.25 pts This is an extra credit problem. It is optional. The Creighton family owns a vacation rental which generates $13,752 in income each quarter. The family outsources maintenance to another company which charges $1,140 per quarter, with the amount increasing by $14 each subsequent quarter. What is the equivalent uniform quarterly worth of the vacation rental when looked at over a 12-year planning period? Use a nominal annual interest rate of 7%, compounded quarterly to make the...
Question 4 0.5 pts You deposit $321 at the end of each quarter into an account that pays a nominal annual rate of 16% compounded quarterly. How much will you have in the account at the end of 15 years? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("') or a decimal point (":").
Question 6 0.75 pts For retirement planning, you decide to deposit $1,156 at the end of every quarter and increase your deposit by $31 each quarter. How much will you have at the end of 25 years if the bank pays a nominal annual rate of 6% compounded quarterly? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas (',') or a decimal point (":").
The Creighton family owns a vacation rental which generates $10,809 in income each quarter. The family outsources maintenance to another company which charges $1,127 per quarter, with the amount increasing by $25 each subsequent quarter. What is the equivalent uniform quarterly worth of the vacation rental when looked at over a 15-year planning period? Use a nominal annual interest rate of 2%, compounded quarterly to make the calculation. Enter your answer as 12345 Round your answer. Do not use a...