Does someone know how to do this on a financial calculator and by hand?
Homework Answers
Calculating Future Value,
Using TVM Calculation,
FV = [PV = 0, PMT = 5,000, N = 5, I = 0.10]
FV = 30,526
It has one 5,000 for today
So,
Future Value = 30,526 + 5,000(1.10)^5
Future Value = $38,578
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Does someone know how to do this on a financial calculator and
by hand?
4. You...
show work using financial calculator 3. You plan to retire in 35 years. At the end...
show work using financial calculator
3. You plan to retire in 35 years. At the end of each year, you plan on saving $15,000, and your bank pays you 2% annual interest. How much will you have saved by the time you retire?
SHOW ALL WORK. Preferred if you showed how to do it on both financial calculator and...
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Please use financial calculator 17. You have saved $5,000 to buy a jet ski and can...
Please use financial calculator
17. You have saved $5,000 to buy a jet ski and can budget $1500 every three months to repay a loan. If you use your $5,000 savings for a down payment and get a 5 year loan at 6% APR (compounded quarterly) with $1500 payments every three months, how much can you pay for the jet ski? A) $20,015 B) $25,753 C) $30,753 D) $41,420
1. Christian and Sarah both graduate from OSU and begin working as financial analysts. They will...
1. Christian and Sarah both graduate from OSU and begin working as financial analysts. They will both work for exactly 40 years and then retire. Both plan to save for retirement, however each goes about it differently. Sarah begins saving $500 per month for eight years, beginning at the end of her first year on the job. Christian wants to travel and buy nice furniture for his house and allows those eight years to pass before he begins saving for...
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Please show the steps to finding the answer using a *Financial Calculator*! Thank you. 1) The...
Please show the steps to finding the answer using a
*Financial Calculator*! Thank you.
1) The U.S. Treasury issued a 7-year maturity, $1000 par value bond exactly 3 years ago. The bond pays a nominal coupon rate of 12%. The coupon payments are paid semi-annually The most recent coupon payment (the sixth coupon payment) was made yesterday. Your required rate of return from the bond is 10% per year What is the price of the bond today? If the bond...
SHOW ALL WORK. Preferred if you showed how to do it on both financial calculator and...
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3,4,5,6. can you explain me how to do it! 3. (10 pts) Six years from today...
3,4,5,6. can you explain me how to do it!
3. (10 pts) Six years from today you need $600,000. You plan to deposit $5000 monthly, with the first payment to be made now. into an account that pays 12 percent effective annual rate. Will you have enough saved? Show the work to support your conclusion, (10 pts) Tom plans to buy a Mazda 6 for $32,000 from a local automobile dealer in two years. He plans to place a down...
can I please have help with this? how would I calculate this in a financial calculator?...
can I please have help with this? how would I
calculate this in a financial calculator?
Calculate the effective cost of the following loan if the borrower Loan amount: $100,000; Term: 30 years a. 8.285% b. C. prepays at the end of year 3 Interest rate: 7.5%; Monthly Payment: 5% prepayment penalty over entire te mn 8.645% 8.935% None of the above d. 20. You borrow $100,000 mortgage with monthly payments. You can either choose 15-year term wi choose 30-year...
assume someone is married combined they make 3. Use Time Value of Money (financial calculator or...
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show work using financial calculator
3. You plan to retire in 35 years. At the end of each year, you plan on saving $15,000, and your bank pays you 2% annual interest. How much will you have saved by the time you retire?
Please use financial calculator
17. You have saved $5,000 to buy a jet ski and can budget $1500 every three months to repay a loan. If you use your $5,000 savings for a down payment and get a 5 year loan at 6% APR (compounded quarterly) with $1500 payments every three months, how much can you pay for the jet ski? A) $20,015 B) $25,753 C) $30,753 D) $41,420
1. Christian and Sarah both graduate from OSU and begin working as financial analysts. They will both work for exactly 40 years and then retire. Both plan to save for retirement, however each goes about it differently. Sarah begins saving $500 per month for eight years, beginning at the end of her first year on the job. Christian wants to travel and buy nice furniture for his house and allows those eight years to pass before he begins saving for...
Please show the steps to finding the answer using a
*Financial Calculator*! Thank you.
1) The U.S. Treasury issued a 7-year maturity, $1000 par value bond exactly 3 years ago. The bond pays a nominal coupon rate of 12%. The coupon payments are paid semi-annually The most recent coupon payment (the sixth coupon payment) was made yesterday. Your required rate of return from the bond is 10% per year What is the price of the bond today? If the bond...
3,4,5,6. can you explain me how to do it!
3. (10 pts) Six years from today you need $600,000. You plan to deposit $5000 monthly, with the first payment to be made now. into an account that pays 12 percent effective annual rate. Will you have enough saved? Show the work to support your conclusion, (10 pts) Tom plans to buy a Mazda 6 for $32,000 from a local automobile dealer in two years. He plans to place a down...
can I please have help with this? how would I
calculate this in a financial calculator?
Calculate the effective cost of the following loan if the borrower Loan amount: $100,000; Term: 30 years a. 8.285% b. C. prepays at the end of year 3 Interest rate: 7.5%; Monthly Payment: 5% prepayment penalty over entire te mn 8.645% 8.935% None of the above d. 20. You borrow $100,000 mortgage with monthly payments. You can either choose 15-year term wi choose 30-year...
assume someone is married combined they make
3. Use Time Value of Money (financial calculator or Excel) to answer the following prompt: I owe $5,000 in taxes. I have to make 12 monthly payments at 18%. Calculate what the monthly payment would be. Please make sure that you show your inputs and round 2 decimal points.
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