Homework Answers
N = 13*52, PV = 0, PMT = 21, rate = 9%/52
use FV funciton in Excel
future value of the amount = 26,920.66
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If a person spends $21 a week on coffee (52 weeks in a year), what would...
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If a person spends $32 a week on coffee (52 weeks in a year), what would be the future value of that amount over 14 years if the funds were deposited in an account earning 5 percent? Round your answer to the nearest whole number.
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f a person spends $20 a week on coffee (assume $1000 a year), what would the future value of that amount over 10 years if the funds were deposited in an account earning 3 percent? Future value:
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If a person spends $20 a week on coffee (assume $1,000 a year), what would be...
If a person spends $20 a week on coffee (assume $1,000 a year), what would be the future value of that amount over 7 years if the funds were deposited in an account earning 3 percent? Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)
33.33 A financial company advertises on television that they will pay you $75,000 now in exchange...
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i need questions 4,5,6a,b,c,d,11 4. Ben Collins plans to buy a house for $220,000. If the...
i
need questions 4,5,6a,b,c,d,11
4. Ben Collins plans to buy a house for $220,000. If the real estate in his area is expected to increase in value 2 percent each year, what will its approximate value be Page 25 seven years from now? (L012 ) 5. What would be the yearly earnings for a person with $8,000 in savings at an annual interest rate of 15 percent? (L013 ) 6. Using a financial calculator, Excel, or the time value of...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.25 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. Demand 96 bags/week Order cost- $58/order >Annual holding cost 26 percent of cost > Desired cycle-service level 90 percent > Lead time 1 week(s) (7 working days) > Standard deviation of weekly demand 13 bags >Current on-hand...
10 points c. The amount a person would have to deposit today (present value) at an...
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1.)Suppose an account earns a 13% simple rate of interest annually. a. The future value of...
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Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous...
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i
need questions 4,5,6a,b,c,d,11
4. Ben Collins plans to buy a house for $220,000. If the real estate in his area is expected to increase in value 2 percent each year, what will its approximate value be Page 25 seven years from now? (L012 ) 5. What would be the yearly earnings for a person with $8,000 in savings at an annual interest rate of 15 percent? (L013 ) 6. Using a financial calculator, Excel, or the time value of...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.25 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. Demand 96 bags/week Order cost- $58/order >Annual holding cost 26 percent of cost > Desired cycle-service level 90 percent > Lead time 1 week(s) (7 working days) > Standard deviation of weekly demand 13 bags >Current on-hand...
10 points c. The amount a person would have to deposit today (present value) at an interest rate of 9 percent to have $2,500 five years from now. (Round your PV factor to 3 decimal places and final answer to 2 decimal places) $1.801.91 d. The amount a person would have to deposit today to be able to take out $500 a year for 5 years from an account earning 8 percent. (Round your PVA factor to 3 decimal places...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.75 per bag. The following information is available about these bags. Demand = 95 bags/week Order cost = $58/order Annual holding cost = 25 percent of cost Desired cycle@service level = 90 percent Lead time = 4 weeks (28 working days) Standard deviation of weekly demand = 16 bags Current on-hand inventory is 315 bags, with...
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