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If a company wants to have $100,000 in a contingency fund 10 years from now, the...
3) If a company wants to have $1,200,000 in a contingency fund 30 years from now,...
3) If a company wants to have $1,200,000 in a contingency fund 30 years from now, the amount the company must deposit each year in years 1-10 at an interest rate of 6% is a. d) 20892 b. a) 22750 C. C) 56712 d. b) 28386 QUESTION 4 4) A deposit of $5,000 at an interest rate of 6% per year compounded quarterly will be equivalent to how much money 40 years from today (4 quarters per year)? a. b)...
A chip manufacturing company wants to have $10 million available five years from now in order...
A chip manufacturing company wants to have $10 million available five years from now in order to build new warehouse and shipping facilities. If the company can invest money at 10% per year, the amount that it must deposit each year in years 1 through 5 to accumulate the $10 million is closest to Multiple Choice $1,638,000 $2,000,000 0 $2,638,000 0 $2.938,000
6. If a company sets aside $1,000,000 now into a contingency fund, how much will the company have in 2 years, if it doe...
6. If a company sets aside $1,000,000 now into a contingency fund, how much will the company have in 2 years, if it does not use any of the money and the account grows at a rate of 10% per year Compounded ?
Your company wants to set aside a fixed amount every year to a sinking fund to...
Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of industrial equipment costing $246,000 at the end of four years from now The sinking fund is expected to earn 6% interest. How much m ust your company deposit each year to meet this goal? Click the icon to view the interest factors for discrete compounding when 1-6% per year. Your company nust deposit each year Sto meet this goal. (Round...
(CH4) If a company wants to have $10M rasied in 5 years from now, if it...
(CH4) If a company wants to have $10M rasied in 5 years from now, if it deposits $2M now and makes uniform annual deposits of $1.5M in a mutual fund that guarantees a return of 10% per year, how short the company will be in its goal of raising $10M at the end of 5 years
b. If the company makes the first deposit one year from now, how much should each...
b. If the company makes the first deposit one year from now, how much should each deposit be? 3. A start-up internet service provider expects to lose money in each of the first four years. Losses are projected to be $50 million in year one, $40 million in year two, $30 million in year three and $20 million in year four. An interest rate of 10% per year is used. a. What is the present worth of the losses for...
Problem 01.034 Simple and Compound Interest Durco Automotive needs a $1 million balance in its contingency...
Problem 01.034 Simple and Compound Interest Durco Automotive needs a $1 million balance in its contingency fund 3 years from now. The chief financial officer (CFO) wants to know how much to deposit now into Durco’s high-yield investment account. Problem 01.034.b Simple and Compound Interest Determine the amount if it grows at a rate of 11% per year using compound interest. The amount if it grows at a rate of 11% per year using compound interest is $
ount of money a person must deposit 3 vears from now in order to be able...
ount of money a person must deposit 3 vears from now in order to be able to raw $10.000 per year for 10 years beginning 15 years from now at an interest rate of 11% per year is closest to: s 10,000 P-10,000( P/A. 1 1%,10) (P/F.11%12) a. Ps ?17, P=0,000(%,117,11) b. P-10.000(P/A.11%,10) (P/F.11%11) ns 12 P= 10.0000 PA. I 190. I l ) (PF. I 1%12) d. c. P= 10,000( P/A,11%, I l ) (P/F.11961 1) 8. How much...
In 7 years from now a company plans replacing machinery that now costs 240,000. The company...
In 7 years from now a company plans replacing machinery that now costs 240,000. The company wants to save for its replacement beginning now by depositing 10,000 now to open an account followed by 7 equal amounts at the end of each year with the last deposit made when the replacement machine is purchased. The account has an interest rate of 5.50%. The expected annual price increase of the machines is 2.85%. a. What is the forecasted cost of the...
Suppose a pension fund must have $10,000,000 five years from now to make required payments to...
Suppose a pension fund must have $10,000,000 five years from now to make required payments to retirees. If the pension wants to guarantee the funds are available regardless of future interest rate changes, it should: A. Sell a 5-year duration bond so that it matures with a book value of $10,000,000 B. Sell $10,000,000 face value discount bonds with a duration of five years C. Purchase 7-year, semi-annual coupon bonds that have a duration of five years D. Purchase 8-year,...
3) If a company wants to have $1,200,000 in a contingency fund 30 years from now, the amount the company must deposit each year in years 1-10 at an interest rate of 6% is a. d) 20892 b. a) 22750 C. C) 56712 d. b) 28386 QUESTION 4 4) A deposit of $5,000 at an interest rate of 6% per year compounded quarterly will be equivalent to how much money 40 years from today (4 quarters per year)? a. b)...
A chip manufacturing company wants to have $10 million available five years from now in order to build new warehouse and shipping facilities. If the company can invest money at 10% per year, the amount that it must deposit each year in years 1 through 5 to accumulate the $10 million is closest to Multiple Choice $1,638,000 $2,000,000 0 $2,638,000 0 $2.938,000
Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of industrial equipment costing $246,000 at the end of four years from now The sinking fund is expected to earn 6% interest. How much m ust your company deposit each year to meet this goal? Click the icon to view the interest factors for discrete compounding when 1-6% per year. Your company nust deposit each year Sto meet this goal. (Round...
b. If the company makes the first deposit one year from now, how much should each deposit be? 3. A start-up internet service provider expects to lose money in each of the first four years. Losses are projected to be $50 million in year one, $40 million in year two, $30 million in year three and $20 million in year four. An interest rate of 10% per year is used. a. What is the present worth of the losses for...
ount of money a person must deposit 3 vears from now in order to be able to raw $10.000 per year for 10 years beginning 15 years from now at an interest rate of 11% per year is closest to: s 10,000 P-10,000( P/A. 1 1%,10) (P/F.11%12) a. Ps ?17, P=0,000(%,117,11) b. P-10.000(P/A.11%,10) (P/F.11%11) ns 12 P= 10.0000 PA. I 190. I l ) (PF. I 1%12) d. c. P= 10,000( P/A,11%, I l ) (P/F.11961 1) 8. How much...
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