Homework Answers
Calculation of Bobby's yearly investment -
Price of the house today (at Y0) = 950000
Inflation Rate =3% p.a.
Price of the house after 4 years (at Y4) = 950000 (1.03)4
i.e. $1069233.36
Down Payment will be 15% of $1069233.36 i.e. $160385.01
Amount to be invested each year = $160385.01/(Future value of annuity at 8% for 4 years)
i.e. $160385.01/4.5061
i.e. $35592.86
Approximately $35593
The second option is correct.
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how to Use the table below to answer the following questions: Present Value of an Annuity...
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Use the table below to answer the following question: Present Value of an Annuity of 1 3% 4% 6% 8% 2.8286 2.7751 2.6730 2.5771 3.0909 3.1216 3.1836 3.2464 3.7171 3.6299 3.4651 3.3121 4.1836 4.2465 4.3746 4.5061 4.5797 4.4518 4.2124 3.9927 5.3091 5.4163 5.6371 5.8666 5.4172 5.2421 4.9173 4.6229 6.4684 6.6330 6.9753 7.3359 6.2303 6.0021 5.5824 5.2064 7.6625 7.8983 8.3938 8.9228 7.0197 6.7327 6.2098 5.7466 8.8923 9.2142 9.8975 10.6366 7.7861 7.4353 6.8017 6.2469 10.1591 10.5828 11.4913 12.4876 Future Value of an...
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C Get Stable12_3.jpg (806x78x table3_2.JPG (978x7 x X Sent Mall - brahmatiem Get Homework Help W X Chapter 13 Homework x -cf-media.mheducation.com/Media/Connect_Production/bne/Slater_12e/table13_2.JPG Maps News Gmail - Parkersburg WV B... TABLE 13.2 Present value of an...
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Round your answer to the nearest
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Payment amount end of each period
Frequency of payment
Length of time
Interest rate
PV of Annuity
$1,490
Annually
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7%
$
C Get Stable12_3.jpg (806x78x table3_2.JPG (978x7 x X Sent Mall - brahmatiem Get Homework Help W X Chapter 13 Homework x -cf-media.mheducation.com/Media/Connect_Production/bne/Slater_12e/table13_2.JPG Maps News Gmail - Parkersburg WV B... TABLE 13.2 Present value of an...
Presented below is information related to Wyrick Company:
01/01/2020 Wyrick was granted a charter that authorizes it to issue
40,000 shares of no-par common stock and 15,000 shares of $100 par
value preferred stock. 01/10/2020 Wyrick issued 12,000 shares of
common stock for cash of $37 per share. 02/01/2020 Wyrick issued
3,000 shares of preferred stock in exchange for land. The Board of
Directors decided that the land should be valued at $400,000.
07/01/2020 Wyrick repurchased 1,000 shares of common...
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