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need to buy a new computer system worth 35000 in 20 year
annual intrest rate is...
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 availab...
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 5 years, how much does she need to invest now ina CD paying 4.15% interest compounded monthly? Jane needs to invest $now (Round to the nearest cent as needed.)
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 5 years, how...
How much should you invest each month in order to have $300,000 if your rate of...
How much should you invest each month in order to have $300,000 if your rate of return is 7% compounded monthly and you want to achieve your goal in 40 years? $ How much interest will you earn? $ How much should you invest each month in order to have $300,000 if you want to achieve your goal in 20 years? $ If you deposit the amount you need to achieve your goal in 20 years, how much will your...
You need $40,000 in ten years for the purchase of a new car for your nephew...
You need $40,000 in ten years for the purchase of a new car for your nephew who will be graduating college. You currently have $20,000 saved and want to invest it for ten years at a 6% rate of return. Will you be able to achieve your investment goal in ten years? Answer If not, then how much more would you need to invest today, instead of the $20,000, to accumulate that goal in ten years? Answer If not, and you...
Westboro Industrial earned a $200,000 profit this year. The company needs to buy a new ventilation...
Westboro Industrial earned a $200,000 profit this year. The company needs to buy a new ventilation system at the end of year 7 at a cost of $75,000. The company also wants to invest in a new product line at the end of year 10 at an estimated cost of $100,000. Westboro would like to deposit the profit from this year to pay for these future expenses and then give the remainder of the money to the employees as a...
2. An accounting firm will need $17,000 in 5 years to replace its computer system. What...
2. An accounting firm will need $17,000 in 5 years to replace its computer system. What periodic deposits to a sinking fund paying quarterly interest at a 9% annual rate will achieve that goal? Mary have saving plan with replacement rate equal to 75% of her preretirement income $60,000.00. She expect to live 15 years after retiring at age 65 and her age now is 40 years. If the real interest rate is 3% then a. What will be her...
Sauer Food Company has decided to buy a new computer system with an expected life of...
Sauer Food Company has decided to buy a new computer system with an expected life of three years. The cost is $320,000. The company can borrow $320,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. Assume interest is paid in full at the end of each year. a. How much would Sauer Food Company save in interest over the three-year life of the computer system if the one-year loan is utilized...
Sauer Food Company has decided to buy a new computer system with an expected ife of...
Sauer Food Company has decided to buy a new computer system with an expected ife of three years. The cost is $360,000. The company can borrow $360,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. Assume interest is paid in full at the end of each year a. How much would Sauer Food Company save in interest over the three-year life of the computer system if the one-year loan is utilized...
You need 400,000 to buy a flat. So, you go to the bank and ask for that amount. The bank offers an annual interest rate of 3%, and the loan has to be paid back in 20 years, in constant monthly...
You need 400,000 to buy a flat. So, you go to the bank and ask for that amount. The bank offers an annual interest rate of 3%, and the loan has to be paid back in 20 years, in constant monthly payments. Calculate how much you'll have to pay back to the bank every month (write the result with no decimal points) Answer: How much you should invest today in a financial product that offers a 5% interest rate (compounded...
Kermit is considering purchasing a new computer system.
Kermit is considering purchasing a new computer system. The purchase price is $128663. Kermit will borrow one-fourth of the purchase price from a bank at 10 percent per year compounded annually. The loan is to be repaid using equal annual payments over a 3-year period. The computer system is expected to last 5 years and has a salvage value of $6897 at that time. Over the 5-year period, Kermit expects to pay a technician $20,000 per year to maintain the...
Sauer Food Company has decided to buy a new computer system with an expected life of...
Sauer Food Company has decided to buy a new computer system with an expected life of three years. The cost is $210,000. The company can borrow $210,000 for three years at 11 percent annual interest or for one year at 9 percent annual interest. Assume interest is paid in full at the end of each year a. How much would Sauer Food Company save in interest over the three-year life of the computer system if the one-year loan is utilized...
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 5 years, how much does she need to invest now ina CD paying 4.15% interest compounded monthly? Jane needs to invest $now (Round to the nearest cent as needed.)
Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 5 years, how...
2. An accounting firm will need $17,000 in 5 years to replace its computer system. What periodic deposits to a sinking fund paying quarterly interest at a 9% annual rate will achieve that goal? Mary have saving plan with replacement rate equal to 75% of her preretirement income $60,000.00. She expect to live 15 years after retiring at age 65 and her age now is 40 years. If the real interest rate is 3% then a. What will be her...
Sauer Food Company has decided to buy a new computer system with an expected life of three years. The cost is $320,000. The company can borrow $320,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. Assume interest is paid in full at the end of each year. a. How much would Sauer Food Company save in interest over the three-year life of the computer system if the one-year loan is utilized...
Sauer Food Company has decided to buy a new computer system with an expected ife of three years. The cost is $360,000. The company can borrow $360,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. Assume interest is paid in full at the end of each year a. How much would Sauer Food Company save in interest over the three-year life of the computer system if the one-year loan is utilized...
You need 400,000 to buy a flat. So, you go to the bank and ask for that amount. The bank offers an annual interest rate of 3%, and the loan has to be paid back in 20 years, in constant monthly payments. Calculate how much you'll have to pay back to the bank every month (write the result with no decimal points) Answer: How much you should invest today in a financial product that offers a 5% interest rate (compounded...
Sauer Food Company has decided to buy a new computer system with an expected life of three years. The cost is $210,000. The company can borrow $210,000 for three years at 11 percent annual interest or for one year at 9 percent annual interest. Assume interest is paid in full at the end of each year a. How much would Sauer Food Company save in interest over the three-year life of the computer system if the one-year loan is utilized...
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Computer Programming II CS141(Java)
Mention the appropriate relationship between following
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