Homework Answers
| Present Value |
| Present Value = Future Value / (1 + r)^n |
| Present Value = $23,000 / (1 + 0.0750)^1 |
| Present Value = $23,000 / (1.0750)^1 |
| Present Value = $23,000 / 1.0750 |
| Present Value = $21,395 |
| Hence, the amount to be borrowed will be $21,395 |
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Owen expects to receive $23,000 at the end of next year from a trust fund. If...
Owen expects to receive $23,000 at the end of next year from a trust fund. Ifa...
Owen expects to receive $23,000 at the end of next year from a trust fund. Ifa bank loans money at an interest rate of 6.9%, how much money can he borrow from the bark on the basis of this information? O A $24,587 O B. $1,587 C. $21,515 OD. $10,758
Problem 4 Anieta knows on her 22 birthday she will receive $ 35,000 from a trust fund left to her by her grandmothe...
Problem 4 Anieta knows on her 22 birthday she will receive $ 35,000 from a trust fund left to her by her grandmother. Anieta has decided to borrow against the trust fund to cover tuition, room and board, books and supplies. Since she is currently 20 years old, she will only need a two year loan The following are the two loan proposals she is considering both require using the trust proceeds as collateral. a) Tennessee State Bank will lend...
A pension fund is making an investment of $100,000 today and expects to receive $1,600 at the end of each month for the next five years. At the end of the fifth year, the capital investment of $100,000 will be returned.
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On June 6, Pilgrims Bank & Trust lent $80,000 to Shari Silverthorn on a 30-day, 9%...
On June 6, Pilgrims Bank & Trust lent $80,000 to Shari Silverthorn on a 30-day, 9% note, Requirements 1. Journalize for Pilgrims the lending of the money on June 6 2 Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar Requirement 1. Journalize for Pilgrims the lending of the money on June 6 (Record debits first, then credits. Select the explanation on the Date Accounts and Explanation Debit Credit Jun 6...
Please help by providing explanation/step by step processes for solutions. Thank you! A young adult expects to receive...
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please answer question 7-9, 14-15, and 17-18 7) Which of the following is false? i) the...
please answer question 7-9, 14-15, and 17-18
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Kate and Ken are in the market for a vacation place. They find a small but...
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please complete from A to E An observational study of teams fishing for the red spiny...
please complete from A to E
An observational study of teams fishing for the red spiny lobster in a certain city was conducted and the results are attached below. Two variables measured for each of 8 teams were y=total catch of lobsters (in kilograms) during the season and x = average percentage of traps allocated per day to exploring areas of unknown catch (called search frequency). These data are listed in the table. Complete parts a through e below. Click...
what information do you need Exercise 6-15 John Bogut just received a signing bonus of $1,019,200....
what information do you need
Exercise 6-15 John Bogut just received a signing bonus of $1,019,200. His plan is to invest this payment in a fund that will earn 10 % , compounded annually. Click here to view factor tables If Bogut plans to establish the AB Foundation once the fund grows to $2,403,223, how many years until he can establish the foundation? years LINK TO TEXT LINK TO TEXT Instead of investing the entire $1,019,200, Bogut invests $315,300 today...
Owen expects to receive $23,000 at the end of next year from a trust fund. Ifa bank loans money at an interest rate of 6.9%, how much money can he borrow from the bark on the basis of this information? O A $24,587 O B. $1,587 C. $21,515 OD. $10,758
Problem 4 Anieta knows on her 22 birthday she will receive $ 35,000 from a trust fund left to her by her grandmother. Anieta has decided to borrow against the trust fund to cover tuition, room and board, books and supplies. Since she is currently 20 years old, she will only need a two year loan The following are the two loan proposals she is considering both require using the trust proceeds as collateral. a) Tennessee State Bank will lend...
On June 6, Pilgrims Bank & Trust lent $80,000 to Shari Silverthorn on a 30-day, 9% note, Requirements 1. Journalize for Pilgrims the lending of the money on June 6 2 Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar Requirement 1. Journalize for Pilgrims the lending of the money on June 6 (Record debits first, then credits. Select the explanation on the Date Accounts and Explanation Debit Credit Jun 6...
please answer question 7-9, 14-15, and 17-18
7) Which of the following is false? i) the goal of a financial manager is to maximize growth ii) the interests of the financial manager and shareholders are always aligned iii) the goal of a financial manager is to achieve maximum profits as well as market share. iv) the valuation principle states that the market demand determines the value of the costs and benefits of an investment decision. A) All of the above...
please complete from A to E
An observational study of teams fishing for the red spiny lobster in a certain city was conducted and the results are attached below. Two variables measured for each of 8 teams were y=total catch of lobsters (in kilograms) during the season and x = average percentage of traps allocated per day to exploring areas of unknown catch (called search frequency). These data are listed in the table. Complete parts a through e below. Click...
what information do you need
Exercise 6-15 John Bogut just received a signing bonus of $1,019,200. His plan is to invest this payment in a fund that will earn 10 % , compounded annually. Click here to view factor tables If Bogut plans to establish the AB Foundation once the fund grows to $2,403,223, how many years until he can establish the foundation? years LINK TO TEXT LINK TO TEXT Instead of investing the entire $1,019,200, Bogut invests $315,300 today...
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