Homework Answers
a.
Calculating Monthly payment,
Using TVM Calculation,
PMT =[PV = 83,000, FV = 0, N = 120, I = 0.107/12]
PMT = $1,129.28
b.
Calculating Monthly payment,
Using TVM Calculation,
PMT = [PV = 83,000,FV= 0, N = 108, I = 0.105/12]
PMT = $1,191.12
Question 16 of 20 (5 points) Question Attempt: 1 of 1 8 9 - 10 =...
Question 16 of 20 (5 points) Question Attempt: 1 of 1 8 9 - 10 = 11 = 12 = 13 14 15 16 17 18 Size of U.S. States The total surface area (in square miles) for each of six selected Western and Midwestern states are listed here. Western states HI Area (sq miles) 10,931 Area (sq miles) Midwestern states MN 86,939 AZ MO NM KS ID 113,998 121,589 83,570 104,094 98,381 OH 69,704 82,277 44,825 56,272 57,914 CO...
Please answer question 1-4 and show ALL WORK 1) (5 pts) Super 9, Inc.'s currently outstanding...
Please answer question 1-4 and show ALL WORK
1) (5 pts) Super 9, Inc.'s currently outstanding 9% coupon bonds have a yield to maturity of 10.5%. Super 9 believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 40%, what is Super 9's after-tax cost of debt? 2) (5 pts) The Tulsa Company will issue common stock to the public for $45. The expected dividend and the growth...
Question 4 of 5 (1 point) Question Attempt: 1 of 1 To plan for retirement, Kaitlin...
Question 4 of 5 (1 point) Question Attempt: 1 of 1 To plan for retirement, Kaitlin deposits $111 each month in an annuity that pays 7.8% interest, compounded monthly. Payments will be made at the end of each month. Find the total value of the annuity in 26 years. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. Txo ? Save For Later Submit A...
Previous Page Next Page Page 4 of 3 Question 4 (3.3 points) Which of the following...
Previous Page Next Page Page 4 of 3 Question 4 (3.3 points) Which of the following statements is most correct? The first payment under a 3-year, annual payment, amortized loan for $1,000 will include a smaller percentage (or fraction) of interest if the interest rate is 5 percent than if it is 10 percent. If you are lending money, then, based on effective interest rates, you should prefer to lend at a 10 percent nominal, or quoted, rate but with...
Time Value of Money Spreadsheet Example 4 Module IV Name: Date: 6 7 8 Question 1 9 Question 2 10 Question 3 11 Question...
Time Value of Money Spreadsheet Example 4 Module IV Name: Date: 6 7 8 Question 1 9 Question 2 10 Question 3 11 Question 4 12 Question 5 13 Question 6 14 Question 7 15 Question 8 16 Question 9 17 Question 10 18 19 20 Single Amount or Annuity 21 Periodic Interest Rate 22 Number of Periods 23 24 25 Present Value of Single Amount 26 27 Future Value of Single Amount 28 29 Future Value of An Annuity...
Question 9 (1 point) A couple has a $420,000 mortgage amortized over 30 years with monthly...
Question 9 (1 point) A couple has a $420,000 mortgage amortized over 30 years with monthly payments. They chose to lock in a rate of j2=4% for the first 5 years. Calculate their new monthly payment (rounded up to the next cent) if they refinance at j2=5.00% after the first 5 years are up. Your Answer: Answer Question 10 (1 point) Chandler borrowed $17,500 and agreed to repay the loan with payments of $500 per month. Using an interest rate...
8.3-8.6. Using the Finance Formulas potage 2 of 21 15. Suppose you invest $5,000 in a...
8.3-8.6. Using the Finance Formulas potage 2 of 21 15. Suppose you invest $5,000 in a savings account that pays an annual interest rate of 4%. If the interest is compounded monthly, what is the balance in the account after 10 years? 16. You invest $5000 at 2.2% annual interest compounded quarterly. How much do you have after 5 years? 17. Against expert advice, you begin your retirement savings at age 40. You plan on retiring at age 65. How...
all of three please LOANS: Written Answer Questions (3) Due 7/2 1 Sylvia is repaying a...
all
of three please
LOANS: Written Answer Questions (3) Due 7/2 1 Sylvia is repaying a loan of X by making 17 annual payments of 100. Each payment consists of interest on the loan at 5% effective and an amount that is deposited in a sinking fund earning 4% effective. At the end of 17 years, the amount in the sinking fund is equal to the original loan amount accumulated with interest at the sinking fund rate. Determine X. 2....
Question 8 5 pts Find the monthly payment to retire a $7500 loan over 3 years,...
Question 8 5 pts Find the monthly payment to retire a $7500 loan over 3 years, that requires monthly payments at 4% annual interest, compounded monthly. Solve for the unknown variable to answer the previous question. You do not need to write a dollar sign. Round your final answer to the nearest cent.
Graded Assignment Chapter 5 Saved Help 2 The following situations should be considered independently. (EV of...
Graded Assignment Chapter 5 Saved Help 2 The following situations should be considered independently. (EV of $1, PVof 51. EVA of $1. PVA of$1. EVAD of $1 and PVAD of51) (Use appropriate factor(s) from the tables provided.) 1. John Jamison wants to accumulate $60,000 for a down payment on a small business. He will invest $30,000 today in a bank account paying 8 % interest compounded annually. Approximately how long will it take John to reach his goal? 2. The...
Question 16 of 20 (5 points) Question Attempt: 1 of 1 8 9 - 10 = 11 = 12 = 13 14 15 16 17 18 Size of U.S. States The total surface area (in square miles) for each of six selected Western and Midwestern states are listed here. Western states HI Area (sq miles) 10,931 Area (sq miles) Midwestern states MN 86,939 AZ MO NM KS ID 113,998 121,589 83,570 104,094 98,381 OH 69,704 82,277 44,825 56,272 57,914 CO...
Please answer question 1-4 and show ALL WORK
1) (5 pts) Super 9, Inc.'s currently outstanding 9% coupon bonds have a yield to maturity of 10.5%. Super 9 believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 40%, what is Super 9's after-tax cost of debt? 2) (5 pts) The Tulsa Company will issue common stock to the public for $45. The expected dividend and the growth...
Question 4 of 5 (1 point) Question Attempt: 1 of 1 To plan for retirement, Kaitlin deposits $111 each month in an annuity that pays 7.8% interest, compounded monthly. Payments will be made at the end of each month. Find the total value of the annuity in 26 years. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. Txo ? Save For Later Submit A...
Previous Page Next Page Page 4 of 3 Question 4 (3.3 points) Which of the following statements is most correct? The first payment under a 3-year, annual payment, amortized loan for $1,000 will include a smaller percentage (or fraction) of interest if the interest rate is 5 percent than if it is 10 percent. If you are lending money, then, based on effective interest rates, you should prefer to lend at a 10 percent nominal, or quoted, rate but with...
Time Value of Money Spreadsheet Example 4 Module IV Name: Date: 6 7 8 Question 1 9 Question 2 10 Question 3 11 Question 4 12 Question 5 13 Question 6 14 Question 7 15 Question 8 16 Question 9 17 Question 10 18 19 20 Single Amount or Annuity 21 Periodic Interest Rate 22 Number of Periods 23 24 25 Present Value of Single Amount 26 27 Future Value of Single Amount 28 29 Future Value of An Annuity...
Question 9 (1 point) A couple has a $420,000 mortgage amortized over 30 years with monthly payments. They chose to lock in a rate of j2=4% for the first 5 years. Calculate their new monthly payment (rounded up to the next cent) if they refinance at j2=5.00% after the first 5 years are up. Your Answer: Answer Question 10 (1 point) Chandler borrowed $17,500 and agreed to repay the loan with payments of $500 per month. Using an interest rate...
8.3-8.6. Using the Finance Formulas potage 2 of 21 15. Suppose you invest $5,000 in a savings account that pays an annual interest rate of 4%. If the interest is compounded monthly, what is the balance in the account after 10 years? 16. You invest $5000 at 2.2% annual interest compounded quarterly. How much do you have after 5 years? 17. Against expert advice, you begin your retirement savings at age 40. You plan on retiring at age 65. How...
all
of three please
LOANS: Written Answer Questions (3) Due 7/2 1 Sylvia is repaying a loan of X by making 17 annual payments of 100. Each payment consists of interest on the loan at 5% effective and an amount that is deposited in a sinking fund earning 4% effective. At the end of 17 years, the amount in the sinking fund is equal to the original loan amount accumulated with interest at the sinking fund rate. Determine X. 2....
Question 8 5 pts Find the monthly payment to retire a $7500 loan over 3 years, that requires monthly payments at 4% annual interest, compounded monthly. Solve for the unknown variable to answer the previous question. You do not need to write a dollar sign. Round your final answer to the nearest cent.
Graded Assignment Chapter 5 Saved Help 2 The following situations should be considered independently. (EV of $1, PVof 51. EVA of $1. PVA of$1. EVAD of $1 and PVAD of51) (Use appropriate factor(s) from the tables provided.) 1. John Jamison wants to accumulate $60,000 for a down payment on a small business. He will invest $30,000 today in a bank account paying 8 % interest compounded annually. Approximately how long will it take John to reach his goal? 2. The...
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