Homework Answers
Future value = Present value*(1+Rate)^ Term
28240 = 15786*(1+r)^5
(1+r)^5= 28240/15786
(1+r)^5=1.788927
r= 12.336%
Answer is 12.336
Add Answer to:
you are taking the homework. Question 12 6 pts Ima Saver has $15786 in cash. She...
Ima Saver has $15429 in cash. She plans to but a new car in five years....
Ima Saver has $15429 in cash. She plans to but a new car in five years. Ima is highly certain that the car will cost $29018. Ima is shopping around for a bank at which to save for the next five years. What nominal annual interest rate must the bank offer for Ima to be able to afford the car, assuming that she deposits her cash today in the account? Assume annual compounding. Also assume that the bank accounts are...
suppose you borrow $10,000 today ; and promise to pay the loan back in 6 years...
suppose you borrow $10,000 today ; and promise to pay
the loan back in 6 years with a total payment (principal plus
interest) of 15,092. what annual interest rate is the bank
charging? assume that compounding is annual.
uisst ydu do the homework omework is not timed. may view your answers and the correct answers after each atternpt. Note, however, that Canvas only shows t ct answers; it does not display the solution method nay use any of your course...
Your friend Sue has asked you to help her out as she is developing her financial plan. Help her come up with a plan for...
Your friend Sue has asked you to help her out as she is developing her financial plan. Help her come up with a plan for her finances and how she can set herself up for financial success! She has an after tax income of $48,000 and budgets $30,000 for necessary expenses. This leaves $18,000 to spend on debt and savings annually. (Assume all annuity payments are in the form of ordinary annuities.) Part A: Debt Sue has a current balance...
Homework #1 CIVE 240 ENGINEERING ECONOMICS 1- You have been paying $5000 every month for 6...
Homework #1 CIVE 240 ENGINEERING ECONOMICS 1- You have been paying $5000 every month for 6 years to a friend of yours who is extremely lazy to find a job. The annual interest rate is 9%, what is the worth of your money after 6 years with: a) Continuous compounding b) Every-six-months compounding 2- Suppose you open an account in a credit union. They have told you that the interest rate during each period is different. If you make three...
Case Questions 1. What are the cash flows associated with each of Adam's three car financing options?
Case Questions 1. What are the cash flows associated with each of Adam's three car financing options? 2. Suppose that, similar to his parents, Adam had plenty of cash in the bank so that he could easily afford to pay cash for the car without running into debt now or in the foreseeable future. If his cash earns interest at a 5.4% APR (based on monthly compounding) at the bank, what would be his best purchase option for the car? 3. In fact,...
LTIPIECFİOICE. Choose the one ah mativotat best completes the statement or answers the question 12) You...
LTIPIECFİOICE. Choose the one ah mativotat best completes the statement or answers the question 12) You just purohased an annuity tat will pay you $26,500 a year for 30 years, starting today, What wasthe purcbase price if the disoount rate is 7.5 percent A) $245,621 12) B) $315,831 C) $251,409 D) $241,309 E)S312,975 13) Throe years A) 5.88 peroent B) 7.21 percent C) 9.98 percent D) 11.08 peroent E) 10.08 perceat ago, you invested $7,890. Today it is wort $10,$24.62....
Long questions Throughout this question, assume annual interest rate is 3.6% with monthly compounding. You are...
Long questions Throughout this question, assume annual interest rate is 3.6% with monthly compounding. You are a loan officer in the mortgage department of a local bank. A customer, who is also a Stevens alum, walks in and applies for a $750,000 loan to buy a starter home in Hoboken. The standard terms your bank have been offering to previous customers are as followed, • Contract A: a 15-year fixed rate loan, with an annual rate of 3.6% and with...
Please label and bold the answers. Thanks so much I will make sure to leave you...
Please label and bold
the answers. Thanks so much I will make sure to leave you
a thumbs up and this is my last question I can post this month.
This is due at 3 so please help me. I would really appreciate it
thanks so much!!!!!!!!
Problem 6.01 Sheridan, Inc., management expects the company to earn cash flows of $12,300, $16,400, $17,900, and $19,200 over the next four years. If the company uses an 7 percent discount rate, what...
Question 6 1 pts Assume a firm has a book value of assets equal to two...
Question 6 1 pts Assume a firm has a book value of assets equal to two times the book value of owner’s equity. Sales are ten times owner’s equity. The profit margin is two percent. What is the firm’s ROA? four percent five percent eight percent ten percent twenty percent Question 7 1 pts You need $2,000 to buy a new stereo for your car. If you have $800 to invest at 5% compounded annually, how long will you have...
suppose you borrow $10,000 today ; and promise to pay
the loan back in 6 years with a total payment (principal plus
interest) of 15,092. what annual interest rate is the bank
charging? assume that compounding is annual.
uisst ydu do the homework omework is not timed. may view your answers and the correct answers after each atternpt. Note, however, that Canvas only shows t ct answers; it does not display the solution method nay use any of your course...
Homework #1 CIVE 240 ENGINEERING ECONOMICS 1- You have been paying $5000 every month for 6 years to a friend of yours who is extremely lazy to find a job. The annual interest rate is 9%, what is the worth of your money after 6 years with: a) Continuous compounding b) Every-six-months compounding 2- Suppose you open an account in a credit union. They have told you that the interest rate during each period is different. If you make three...
Case Questions 1. What are the cash flows associated with each of Adam's three car financing options? 2. Suppose that, similar to his parents, Adam had plenty of cash in the bank so that he could easily afford to pay cash for the car without running into debt now or in the foreseeable future. If his cash earns interest at a 5.4% APR (based on monthly compounding) at the bank, what would be his best purchase option for the car? 3. In fact,...
LTIPIECFİOICE. Choose the one ah mativotat best completes the statement or answers the question 12) You just purohased an annuity tat will pay you $26,500 a year for 30 years, starting today, What wasthe purcbase price if the disoount rate is 7.5 percent A) $245,621 12) B) $315,831 C) $251,409 D) $241,309 E)S312,975 13) Throe years A) 5.88 peroent B) 7.21 percent C) 9.98 percent D) 11.08 peroent E) 10.08 perceat ago, you invested $7,890. Today it is wort $10,$24.62....
Long questions Throughout this question, assume annual interest rate is 3.6% with monthly compounding. You are a loan officer in the mortgage department of a local bank. A customer, who is also a Stevens alum, walks in and applies for a $750,000 loan to buy a starter home in Hoboken. The standard terms your bank have been offering to previous customers are as followed, • Contract A: a 15-year fixed rate loan, with an annual rate of 3.6% and with...
Please label and bold
the answers. Thanks so much I will make sure to leave you
a thumbs up and this is my last question I can post this month.
This is due at 3 so please help me. I would really appreciate it
thanks so much!!!!!!!!
Problem 6.01 Sheridan, Inc., management expects the company to earn cash flows of $12,300, $16,400, $17,900, and $19,200 over the next four years. If the company uses an 7 percent discount rate, what...
Most questions answered within 3 hours.
-
What is responsible for Jupiter's enormous magnetic field?
asked 12 minutes ago -
At the end of the year, a company offered to buy 5,000 units of
a product...
asked 13 minutes ago -
Implement C++ program for each of the following.
Let D = [-48, -14, -8, 0, 1,...
asked 34 minutes ago -
Consider a labor market in which LD = 400 – 4W and LS = 250 +...
asked 47 minutes ago -
Let’s say you are teaching a typically-developing young child
how to eat with a spoon. Describe...
asked 31 minutes ago -
Ask Your Teacher A toy gun uses a spring to project a 5.6-g soft
rubber sphere...
asked 43 minutes ago -
*****DO NOT ANSWER THIS QUESTION IF YOU DON'T
KNOW*******
Question - PERSONAL DEVELOPMENT ESSAY and Detailed...
asked 50 minutes ago -
A certain rifle bullet has a mass of 5.25 g. Calculate the de
Broglie wavelength of...
asked 1 hour ago -
Research new software products that assist in project
communication management. Write a paper summarizing your findings,...
asked 1 hour ago -
the figure below to the left shows a beaker completely filled
with water. then a block...
asked 1 hour ago -
what is the duistribution channels of HUL in india and how they
distribute?
how is this...
asked 1 hour ago -
Batteries play an important role in our everyday lives. From
making many devices mobile, to allowing...
asked 1 hour ago