(Note: The problem statement should include another deposit of $X two years ago to be matching with the provided Cash Flow Diagram).
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(Note: The problem statement should include another
deposit of $X two years ago to be matching...
Four years ago, you opened a mutual fund account and made three deposits ($200 four years ago, SX...
Four years ago, you opened a mutual fund account and made three deposits ($200 four years ago, SX three years ago, and $300 a year ago) where you earned varying interest rates according to the following diagram. Today, your balance shows $1,000. Determine the amount of deposit that was made three years ago (SX). See the following figure (a) $215 (b) $237 (c) $244 (d) $259 F $1,000 6% 8% 12% 15% -1 0 $200 $300
Four years ago, you...
You plan to make two deposits to your bank account - one deposit today for $X...
You plan to make two deposits to your bank account - one deposit today for $X and one deposit in four years for $3X. You would like to withdraw $20,000 from this bank account in 6 years, and another $10,000 in 12 years. You can earn an effective rate of 5% per year. What is $X? (8 points) You want to have enough money in the bank to pay for your daughter’s education when the time comes. You expect to...
3. Two years ago, you invested $5,000 in a four-year certificate of deposit (CD). The annual...
3. Two years ago, you invested $5,000 in a four-year certificate of deposit (CD). The annual (stated) rate is 4% on the CD and it is compounded quarterly. Rates have increased and you are considering reinvesting in another certificate of deposit. However, if you withdraw the money from the original CD, you suffer a 10% penalty on the entire balance (interest and principal): a. If you make the withdrawal today, how much would you have remaining? (8 Points)
Today is July 1, 2024. Four years ago, when you started your first job after gradusting...
Today is July 1, 2024. Four years ago, when you started your first job after gradusting from ohio state in 2020, you began saving s portion of your salary in your company's 401 savings plan. Your salary is $60,000 annually, of which you decide to put 10% in the use annual deposits for simplicity.) Assume the savings plan earns 9% interest annually savings plan at the end of each year. (in reality, a portion is saved from each paycheck, but...
please answer all of the following questions 21. Suppose you deposit $5,000 into an account earning...
please answer all of the following questions
21. Suppose you deposit $5,000 into an account earning 4 percent interest, compounded monthly and you also make monthly contributions of $50 (first monthly contribution made one month after the initial deposit is made). How many years (rounded to one decimal place --for example, 32.1843 year = 32.2) will it take for the account to grow to $7,500 in this case? 22. Assume that I am trying to borrow money from you to...
1. Suppose you accumulated $500,000, perhaps from many years of saving. You put the money in...
1. Suppose you accumulated $500,000, perhaps from many years of saving. You put the money in a savings plan earning 6% compounded monthly. If you want to withdraw $4,000 at the beginning of each month, how long before the savings plan is exhausted? 2. Suppose you accumulated $500,000, perhaps from many years of saving. You put the money in a savings plan earning 6% compounded monthly. If you want the plan to last 40 years, how much can you withdraw...
deposit today 25,000 value 10 years from today 50,000 r please help with nuimber 6, but...
deposit today
25,000
value 10 years from today
50,000
r
please help with nuimber 6, but only in EXCEL
CHAPTER 2 The Time Value of Money 47 5. (PV single cash flow) Your friend comes to you with a $2,000 post-dated check. The check is due 2 years from today. If the interest rate is 5%, what is the value of the check today? 6. (PV single cash flow, finding r) If you deposit $25,000 today, Union Bank offers to...
1. You have $49,061.69 in a brokerage account, and you plan to deposit an additional $5,000...
1. You have $49,061.69 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $200,000. You expect to earn 9.1% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. 2. Present and Future Value of an Uneven Cash Flow Stream An investment will pay $100 at the end of each of the next 3...
Question is from: Corporate Finance (4th Edition) Chapter 5, Problem 10P Your son has been accepted...
Question is from: Corporate Finance (4th Edition) Chapter 5, Problem 10P Your son has been accepted to college. The college guarantees that your son's tuition will not increase for the four years that he attends college. the first 10,000 payment is due every six months until you have made a total payment of eight payments. The college offers a bank account that allows you to withdraw money every six months and has a fixed APR of 4% (semiannual) guaranteed to...
help!! I know this is technically two problems but I ran out of question so please...
help!! I know this is
technically two problems but I ran out of question so please help
if you can. I don't have anymore questions left!
This problem is similar in spirit to Example 12 (in the chapter) and Problem 15 (at the end of the chapter). I'd strongly suggest that you master those two problems before attempting this problem Make sure that you draw a high quality, detailed timeline - similar in quality to those in Example 12 and...
Four years ago, you opened a mutual fund account and made three deposits ($200 four years ago, SX three years ago, and $300 a year ago) where you earned varying interest rates according to the following diagram. Today, your balance shows $1,000. Determine the amount of deposit that was made three years ago (SX). See the following figure (a) $215 (b) $237 (c) $244 (d) $259 F $1,000 6% 8% 12% 15% -1 0 $200 $300
Four years ago, you...
3. Two years ago, you invested $5,000 in a four-year certificate of deposit (CD). The annual (stated) rate is 4% on the CD and it is compounded quarterly. Rates have increased and you are considering reinvesting in another certificate of deposit. However, if you withdraw the money from the original CD, you suffer a 10% penalty on the entire balance (interest and principal): a. If you make the withdrawal today, how much would you have remaining? (8 Points)
Today is July 1, 2024. Four years ago, when you started your first job after gradusting from ohio state in 2020, you began saving s portion of your salary in your company's 401 savings plan. Your salary is $60,000 annually, of which you decide to put 10% in the use annual deposits for simplicity.) Assume the savings plan earns 9% interest annually savings plan at the end of each year. (in reality, a portion is saved from each paycheck, but...
please answer all of the following questions
21. Suppose you deposit $5,000 into an account earning 4 percent interest, compounded monthly and you also make monthly contributions of $50 (first monthly contribution made one month after the initial deposit is made). How many years (rounded to one decimal place --for example, 32.1843 year = 32.2) will it take for the account to grow to $7,500 in this case? 22. Assume that I am trying to borrow money from you to...
deposit today
25,000
value 10 years from today
50,000
r
please help with nuimber 6, but only in EXCEL
CHAPTER 2 The Time Value of Money 47 5. (PV single cash flow) Your friend comes to you with a $2,000 post-dated check. The check is due 2 years from today. If the interest rate is 5%, what is the value of the check today? 6. (PV single cash flow, finding r) If you deposit $25,000 today, Union Bank offers to...
help!! I know this is
technically two problems but I ran out of question so please help
if you can. I don't have anymore questions left!
This problem is similar in spirit to Example 12 (in the chapter) and Problem 15 (at the end of the chapter). I'd strongly suggest that you master those two problems before attempting this problem Make sure that you draw a high quality, detailed timeline - similar in quality to those in Example 12 and...
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