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Question 16 of 19 3 points Nora AED 1,000 in 4 years for her diamond ring...
1. Shroug w rok wants to invest AED 800.000 in cash to buy a new car...
1. Shroug w rok wants to invest AED 800.000 in cash to buy a new car 4 years from today. She expects to cam 7 percent per year, compounded annually on her savings. How much should she get to meet this purpose? 2. What is the present value of AED 45.000 deposited for 6 years at 10 percent per annum interest compounded annually? 3. If you wish to accumulate AED 200,000 in 5 years, how much must you deposit today...
Section 1: Short case studies (2marks each, total 10 marks) 1. Salman has only AED 70,000...
Section 1: Short case studies (2marks each, total 10 marks) 1. Salman has only AED 70,000 today but needs AED 150,000 to buy a new dream car. How long will he has to wait to buy the car if she can earn 13 percent compounded annually on her savings? 2. Ali wants to have AED 70,000,000 in cash to buy a furnished apartment 5 years from today in JLT. She expects to earn 11 percent per year, compounded semiannually, on...
Short question answers 1. Khawla wants to have AED 900,000 in cash to buy a new car 4 years from today. She expects...
Short question answers 1. Khawla wants to have AED 900,000 in cash to buy a new car 4 years from today. She expects to earn 9 percent per year, compounded annually, on her savings. How much should she deposit today to meet this purpose? 2. What is the future value of AED 85,000 deposited for 7 years at 10 percent interest compounded annually?
-What is the simple interest rate on a $1050 investment paying $738.15 interest in 19 years?...
-What is the simple interest rate on a $1050 investment paying $738.15 interest in 19 years? -Chasity wants $9,000 saved in 3 years to make a down payment on a house. How much money should she invest now at 5.2% compounded annually in order to meet her goal?
1. An insurance actuary knows that her company will owe 750,000 in five years. She decides to inv...
1. An insurance actuary knows that her company will owe 750,000 in five years. She decides to invest in STRIPS in order to fund this outlay and protect her company against interest rate risk. Each STRIP has a face value of $10,000 and pays an interest rate of 4%, compounded semiannually. How much must she pay today to fully fund the cash outflow that will occur in five years? Round intermediate steps to four decimals. Round your final answer to...
4. (10 points) Mrs. Johnson who is 25 years old (Actually today is her birthday )...
4. (10 points) Mrs. Johnson who is 25 years old (Actually today is her birthday ) and plans to retire at the age of 65. She already has $17.500 in her retirement investment account which is expected to yield 9% return per year. Mrs. Johnson would like to have $1.4m in her retirement account when she retires. How much does she need to invest each year in order to reach her goal?
19 and 20 19-Angelina has planned to start her college education four years from now. To...
19 and 20
19-Angelina has planned to start her college education four years from now. To pay for her college education, she has decided to save $1.000 each quarter for the next four years in a bank account paying 12 percent interest. How much will she have at the end of the fourth year? 20- The XYZ Company's bonds have a face value of $1,000, will mature in ten years, and carry a coupon rate of 12 percent. Assume interest...
3.00 points Tracie invested $14,000 five years ago in TLK stock. How much is her investment...
3.00 points Tracie invested $14,000 five years ago in TLK stock. How much is her investment worth today if she has earned a 14.2 percent rate of return? O $23,811.80 O $23,940.00 $31,054.51 O $27,193.09 value: 3.00 points Sue invested $5,100 at 7 percent interest for 4 years. Phil invested $5,100 at 7 percent interest for 8 years. How much more interest will Phil earn than Sue? O $1,428.00 O $2,07769 O $1,109.02 $1,723.29 value: 3.00 points You want to...
SHORT ANSWERS please USE THE FORMAT a - b - c - d 5-Which type of...
SHORT ANSWERS please USE THE FORMAT a - b - c - d 5-Which type of annuity best describes the insurance premium that you have to pay at the beginning of each period? a. Annuity due b. Deferred annuity c. Ordinary annuity d. Annuity in arrears 6-Richard takes the opinion of his investment advisor to invest any excess savings that he has. His advisor told him about a new issue of AAA rated bonds. Richard decided to buy a total...
2. (30 points) You invest $x today at 8% APR compounded annually for 5 years (you...
2. (30 points) You invest $x today at 8% APR compounded annually for 5 years (you invest only once). Your friend also invests some amount at the same time at 8% APR compounded annually for 5 years. However, she invests an additional amount equal to the accumulated interest at the end of each year. You both end up having the same amount at the end of 5 years. In order to achieve this, your initial investment must have been t...
1. Shroug w rok wants to invest AED 800.000 in cash to buy a new car 4 years from today. She expects to cam 7 percent per year, compounded annually on her savings. How much should she get to meet this purpose? 2. What is the present value of AED 45.000 deposited for 6 years at 10 percent per annum interest compounded annually? 3. If you wish to accumulate AED 200,000 in 5 years, how much must you deposit today...
Section 1: Short case studies (2marks each, total 10 marks) 1. Salman has only AED 70,000 today but needs AED 150,000 to buy a new dream car. How long will he has to wait to buy the car if she can earn 13 percent compounded annually on her savings? 2. Ali wants to have AED 70,000,000 in cash to buy a furnished apartment 5 years from today in JLT. She expects to earn 11 percent per year, compounded semiannually, on...
Short question answers 1. Khawla wants to have AED 900,000 in cash to buy a new car 4 years from today. She expects to earn 9 percent per year, compounded annually, on her savings. How much should she deposit today to meet this purpose? 2. What is the future value of AED 85,000 deposited for 7 years at 10 percent interest compounded annually?
4. (10 points) Mrs. Johnson who is 25 years old (Actually today is her birthday ) and plans to retire at the age of 65. She already has $17.500 in her retirement investment account which is expected to yield 9% return per year. Mrs. Johnson would like to have $1.4m in her retirement account when she retires. How much does she need to invest each year in order to reach her goal?
19 and 20
19-Angelina has planned to start her college education four years from now. To pay for her college education, she has decided to save $1.000 each quarter for the next four years in a bank account paying 12 percent interest. How much will she have at the end of the fourth year? 20- The XYZ Company's bonds have a face value of $1,000, will mature in ten years, and carry a coupon rate of 12 percent. Assume interest...
3.00 points Tracie invested $14,000 five years ago in TLK stock. How much is her investment worth today if she has earned a 14.2 percent rate of return? O $23,811.80 O $23,940.00 $31,054.51 O $27,193.09 value: 3.00 points Sue invested $5,100 at 7 percent interest for 4 years. Phil invested $5,100 at 7 percent interest for 8 years. How much more interest will Phil earn than Sue? O $1,428.00 O $2,07769 O $1,109.02 $1,723.29 value: 3.00 points You want to...
2. (30 points) You invest $x today at 8% APR compounded annually for 5 years (you invest only once). Your friend also invests some amount at the same time at 8% APR compounded annually for 5 years. However, she invests an additional amount equal to the accumulated interest at the end of each year. You both end up having the same amount at the end of 5 years. In order to achieve this, your initial investment must have been t...
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