Homework Answers
1.PV=$5000
Rate=6%
Increase = $200 each year
N=60
Amount = 5000*1.06^60 + 200*(P/G,6%,60)*1.06^60
=164938.5+ 200*239.043*1.06^60
=1,742,034
2.Cost = 12000
Less Depreciation
Year 1= 14.29%
Year 2= 24.49%
Year 3= 17.49%
Ending book value =12000-56.27%*12000 =
5247.6
You deposit $1,000 at the end of the year (k = 0) into an account that...
You deposit $1,000 at the end of the year (k = 0) into an account that pays interest at a rate of 6% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate, this time the interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate once more to...
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded a...
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate this time the interest rate becomes 8% nominal interest compounded quarterly Nine years after your deposit, the saving account changes its rate once more to 6%...
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2%...
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2% nominal interest compounded month y Five years after ur de o the savings account aga changes it interest rate this time e interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate...
Question 1: A machine was purchased for $175,745. It has a salvage value of $46,873 and...
Question 1: A machine was purchased for $175,745. It has a salvage value of $46,873 and a useful life of 14 years. It is classified as a MACRS 10-year property. Using MACRS depreciation, calculate the depreciation in year 5. Enter your answer as 12345 Round your answer. Do not use a dollar sign ("$"), any commas (","), or a decimal point ("."). Question 2: McCloskley Enterprises buys a machine classified as a MACRS 15-year property for $178,996. It has a...
Problem 1- Saving Money You want to deposit money into a bank account that pays 1.5%...
Problem 1- Saving Money You want to deposit money into a bank account that pays 1.5% compounded monthly. Answer the following questions: f depositing $4000, how much is avaiable in the account at the end of S years? .How much do you have to deposit now in order to have $5000 available at the end of 5 years? Instead of depositing one sum of money at the beginning of the 5-year period, suppose you wish to make monthly payments. How...
In Year 0, you deposit $5,000 into an account with an interest rate of 6%. Two...
In Year 0, you deposit $5,000 into an account with an interest rate of 6%. Two years later, the interest rate increases to 8%. Five years after that, the interest rate drops to 7%. You plan to withdraw all the money at the end of Year 15. a. At the end of Year 2, how much money is in the account? b. At the end of Year 7, how much money is in the account? c. At the end of...
8-One year from now, you deposit $300 in a savings account. You deposit $1,800 the next...
8-One year from now, you deposit $300 in a savings account. You deposit $1,800 the next year. Then you wait two more years (until 4 years from now) and deposit $1,000. If your account always earns 6% annual interest and you make no withdrawals, how much will be in the account 11 years from now? 9-You deposit $5000 for 5 years at 4% annual interest. In 5 years, you add $15,000 to your account, but the rate on your account...
please answer all of the following questions 21. Suppose you deposit $5,000 into an account earning...
please answer all of the following questions
21. Suppose you deposit $5,000 into an account earning 4 percent interest, compounded monthly and you also make monthly contributions of $50 (first monthly contribution made one month after the initial deposit is made). How many years (rounded to one decimal place --for example, 32.1843 year = 32.2) will it take for the account to grow to $7,500 in this case? 22. Assume that I am trying to borrow money from you to...
9. If you deposit $1000 per month into an account which pays interest at a rate...
9. If you deposit $1000 per month into an account which pays interest at a rate of 12% per year compounded annually, the amount of money you would have at the end of five years is nearest to:
You deposit $5,000 per year at the end of each of the next 25 years into...
You deposit $5,000 per year at the end of each of the next 25 years into an account that pays 8% compounded annually. How much could you withdraw at the end of each of the 20 years following your last deposit if all withdrawals are the same dollar amount? (The twenty-fifth and last deposit is made at the beginning of the 20-year period. the first withdrawal is made at the end of the first year in the 20-year period. A....
You deposit $1,000 at the end of the year (k = 0) into an account that pays interest at a rate of 6% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate, this time the interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate once more to...
You deposit $2,500 at the end of the year ( 0) into an account that pays interest at a rate of 7% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate this time the interest rate becomes 8% nominal interest compounded quarterly Nine years after your deposit, the saving account changes its rate once more to 6%...
You deposit $3,000 at the end of the year (k = 0) into an account that pays interest at a rate of 7% compounded annually. A year after your deposit, the savings account interest rate changes to 1 2% nominal interest compounded month y Five years after ur de o the savings account aga changes it interest rate this time e interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate...
Problem 1- Saving Money You want to deposit money into a bank account that pays 1.5% compounded monthly. Answer the following questions: f depositing $4000, how much is avaiable in the account at the end of S years? .How much do you have to deposit now in order to have $5000 available at the end of 5 years? Instead of depositing one sum of money at the beginning of the 5-year period, suppose you wish to make monthly payments. How...
In Year 0, you deposit $5,000 into an account with an interest rate of 6%. Two years later, the interest rate increases to 8%. Five years after that, the interest rate drops to 7%. You plan to withdraw all the money at the end of Year 15. a. At the end of Year 2, how much money is in the account? b. At the end of Year 7, how much money is in the account? c. At the end of...
8-One year from now, you deposit $300 in a savings account. You deposit $1,800 the next year. Then you wait two more years (until 4 years from now) and deposit $1,000. If your account always earns 6% annual interest and you make no withdrawals, how much will be in the account 11 years from now? 9-You deposit $5000 for 5 years at 4% annual interest. In 5 years, you add $15,000 to your account, but the rate on your account...
please answer all of the following questions
21. Suppose you deposit $5,000 into an account earning 4 percent interest, compounded monthly and you also make monthly contributions of $50 (first monthly contribution made one month after the initial deposit is made). How many years (rounded to one decimal place --for example, 32.1843 year = 32.2) will it take for the account to grow to $7,500 in this case? 22. Assume that I am trying to borrow money from you to...
9. If you deposit $1000 per month into an account which pays interest at a rate of 12% per year compounded annually, the amount of money you would have at the end of five years is nearest to:
Most questions answered within 3 hours.
-
suppose you own a chain of five restaurants in
downtown Vancouver. as the manager, you want...
asked 2 minutes ago -
Here are summary statistics for randomly selected weights of
newborn​ girls:
nequals=225x overbarxequals=28.7hg, sequals=7.5hg. Construct a...
asked 5 minutes ago -
Q) Simplify the following functions and implement them with two-
level NAND gate circuits:
a) F(A,B,C,D)=...
asked 3 minutes ago -
If you could afford exactly 6 apples and 14 bananas, or 10
apples and 6 bananas,...
asked 18 minutes ago -
Write functions squareByValue,
squareByRef, squareByPointer that find the square of an integer, in
three different ways:...
asked 13 minutes ago -
Find the P - value for the test statistic ?=2.74z=2.74
for the following null and alternative...
asked 19 minutes ago -
An software company has three different promotion plans for
its software purchase:
plan A: each software...
asked 39 minutes ago -
If
P(A)=.62, P(B)=.47, & P(A or B)=.88. What is the likeliness of
selecting only A?
A)...
asked 38 minutes ago -
What is the FUTURE VALUE of $500 invested for 3 years at 7% with
ANNUAL Compounding...
asked 47 minutes ago -
Modify the method so that instead of manually making teams, it
reads it from a text...
asked 46 minutes ago -
1. Which of the following is not a principle to apply to
construction:
Select one:
a....
asked 48 minutes ago -
In what way is a Christian’s position made more challenging by
revealing faith in the workplace?...
asked 55 minutes ago