If you desire to have $23,000 for a down payment for a house in six years,...
If you desire to have $23,000 for a down payment for a house in six years, what amount would you need to deposit today? Assume that your money will earn 3 percent. Use Exhibit 1-C. (Round your PV factor to 3 decimal places and final answer to the nearest whole dollar.)
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If you desire to have $23,000 for a down payment for a house in
six years,...
If you desire to have $10,000 for a down payment for a house in seven years, what amount would you need to deposit today...
If you desire to have $10,000 for a down payment for a house in seven years, what amount would you need to deposit today? Assume that your money will earn 6 percent. Use Exhibit 1-C. (Round time value factor to 3 decimal places and final answer to the nearest whole number.)
2. If you desire to have $10,000 for a down payment for a house in five...
2. If you desire to have $10,000 for a down payment for a house in five years, what amount would you need to deposit today? Assume that your money will earn 5 percent. (Hint I have told you the future value therefore you are attempting to figure out the present value. Also, the question asks what are you depositing today not annually over 5 years therefore, this is 1 single deposit.)
You need to have $35,000 for a down payment on a house 7 in years. If...
You need to have $35,000 for a down payment on a house 7 in years. If you can earn an annual interest rate of 3.4 percent, how much will you have to deposit today?
You need to have $30,000 for a down payment on a house 6 in years. If...
You need to have $30,000 for a down payment on a house 6 in years. If you can earn an annual interest rate of 3.3 percent, how much will you have to deposit today?
ou need to have $25,000 for a down payment on a house 5 in years. If...
ou need to have $25,000 for a down payment on a house 5 in years. If you can earn an annual interest rate of 3.2 percent, how much will you have to deposit today? Multiple Choice $18,828.80 $20,548.18 $20,847.13 $21,357.06 $20,694.83
33.33 A financial company advertises on television that they will pay you $75,000 now in exchange...
33.33 A financial company advertises on television that they will pay you $75,000 now in exchange for annual payments of $12,500 that you are expected to receive for a legal settlement over the next 12 years. You estimate the time value of money at 10 percent. Would you except this offer? 33.32 If a person spends $15 a week on coffee (assume $750 a year), what would be the future value of that amount over 9 years if the funds...
Susan Wilson expects to need $79,000 for a down payment on a house in six years....
Susan Wilson expects to need $79,000 for a down payment on a house in six years. How much would she have to invest today in an account paying 6.25 percent in order to have $79,000 in six years? (Round answer to 2 decimal places, e.g. 52.75.) Present value
You just graduated from college and decide to start saving for a down payment to buy a house 5 years from today. You est...
You just graduated from college and decide to start saving for a down payment to buy a house 5 years from today. You estimate you will need $20,000 in 5 years for the down payment. (Note: a down payment is a deposit a home buyer must make in order to get a mortgage loan from a bank to buy the house.) 1. Assume you can earn 6% interest (APR) on your savings, and you want to make a single deposit...
In order to buy a house you want to accumulate a down payment of $15,000. You...
In order to buy a house you want to accumulate a down payment of $15,000. You can do that by putting a certain sum of money every month in a savings account for the next four years. The account credits interest at the rate of six percent. What is your required monthly deposit? Relevant Periods= Relevant Rate= Deposit Amount=
Fraser Company will need a new warehouse in six years. The warehouse will cost $370,000 to...
Fraser Company will need a new warehouse in six years. The warehouse will cost $370,000 to build. Click here to view Exhibit 128:1 and Exhibit 128-2. to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount should the company invest now to have the $370.000 available at the end of the six year period? Assume that the company can invest money at: (Round your final answers to the nearest whole dollar amount.) 1. Four percent 2. Nine percent
Susan Wilson expects to need $79,000 for a down payment on a house in six years. How much would she have to invest today in an account paying 6.25 percent in order to have $79,000 in six years? (Round answer to 2 decimal places, e.g. 52.75.) Present value
Fraser Company will need a new warehouse in six years. The warehouse will cost $370,000 to build. Click here to view Exhibit 128:1 and Exhibit 128-2. to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount should the company invest now to have the $370.000 available at the end of the six year period? Assume that the company can invest money at: (Round your final answers to the nearest whole dollar amount.) 1. Four percent 2. Nine percent
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