7. Your grandfather left an inheritance for you of $50,000. However you can only drawdown on...
7. Your grandfather left an inheritance for you of $50,000. However you can only drawdown on the investment as follows: Years 1 – 4 $10,000 and Year 5 $40,000 Interest on the fund is 7.5%. What is the present worth of this inheritance?
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7. Your grandfather left an inheritance for you of $50,000.
However you can only drawdown on...
7. Your grandfather left an inheritance for you of $80,000. However you can only drawdown on...
7. Your grandfather left an inheritance for you of $80,000. However you can only drawdown on the investment as follows: Years 1 – 4 $10,000 each year and Year 5 $40,000 Interest on the fund is 7.5%. What is the present worth of this inheritance? 10. The face value for Karen’s Limited bonds is $100,000 and has a 2 percent annual coupon. The 2 percent annual coupon bonds matures in 2022, and it is now 2012. Interest on these bonds...
1. Determine the discount rate assuming the present value of $940 at the end of 1-year...
1. Determine the discount rate assuming the present value of $940 at the end of 1-year is $865? 2. $9,800 is deposited for 12 years at 5% compounded annually, determine the FV? 3. If $2,800 is discounted back 4 years at an interest rate of 8% compounded semi-annually, what would be the present value? 4. Consider a newlywed who is planning a wedding anniversary gift of a trip to Canada for her husband at the end of 10 years. She...
Your Godmother left you an inheritance of $40,000, payable to you when you tum 26 years...
Your Godmother left you an inheritance of $40,000, payable to you when you tum 26 years old. You are now 21. Currently, the annual rate of interest that can be obtained by buying 5-year bonds is 3.7 percent. Your mother offers you $30,019.86 cash right now to sign over your inheritance. You sign over your inheritance because the present value of $40,000 to be paid in 5 years is $(Round your response to two decimal places)
Lab Exercises D Your grandfather gave you $50,000. You want to set aside some of that...
Lab Exercises D Your grandfather gave you $50,000. You want to set aside some of that money so you can withdraw $900/month for living expenses for the 4 years you attend university and still have $7,000 left at the end of the 4 years to pay for a trip after graduation. Your first withdrawal will be in one year when you start university. Assume you earn j12 4% the entire time. (a) How much of the $50,000 must you set...
Your Godmother left you an inheritance of $70,000, payable to you when you turn 26 years...
Your Godmother left you an inheritance of $70,000, payable to you when you turn 26 years old. You are now 21. Currently, the annual rate of interest that can be obtained by buying 5-year bonds is 6.4 percent. Your mother offers you $61,598 64 cash right now to sign over your inheritance. sign over your inheritance because the present value of 570,000 to be paid in 5 years is $(Round your response to two decimal places) You
Your grandfather placed $5,000 in a trust fund for you today. 10 years later the fund...
Your grandfather placed $5,000 in a trust fund for you today. 10 years later the fund will be worth $8,000. What is the interest rate earned on this trust fund? (Annual compounding)
Your grandfather placed $2,000 in a trust fund for you. In 10 years the fund will...
Your grandfather placed $2,000 in a trust fund for you. In 10 years the fund will be worth $5,000. What is the rate of return on the trust fund? 5.98% 8.76% 9.60% 9.98%
4. Your grandfather left you his coin collection in his will. It contains sixty 1952 silver...
4. Your grandfather left you his coin collection in his will. It contains sixty 1952 silver dolla Assuming your grandfather purchased them at face value ($1 each) when they were new, he much is your collection worth today (2018)? Assume they appreciated at a rate of 10% annual Show your work. g 0.04 million 4. Your grandfather left you his coin collection in his will. It contains sixty 1952 silver dollars. Assuming your grandfather purchased them at face value ($1...
P 3-30 (similar to Question Help Your grandfather put some money into an account for you...
P 3-30 (similar to Question Help Your grandfather put some money into an account for you on the day you were born. You are now 18 years old and are allowed to withdraw the money. The account currently has $8,512 in it and pays an interest rate of 10% a. How much money would be in the account if you left the money there until your 25th birthday? b. What if you left the money until your 65th birthday? c....
(1) If you have a $100,000 left as an inheritance by your beloved Aunt Lacy, what...
(1) If you have a $100,000 left as an inheritance by your beloved Aunt Lacy, what would the future value of that $100,000 be when you retire? You have to determine for yourself when you are going to retire and the number of years until that age. You will also have to assume an interest rate to use in your calculation. Now add 2% to the interest rate you assumed; redo the calculation. (2) If you decide that you need...
Your Godmother left you an inheritance of $40,000, payable to you when you tum 26 years old. You are now 21. Currently, the annual rate of interest that can be obtained by buying 5-year bonds is 3.7 percent. Your mother offers you $30,019.86 cash right now to sign over your inheritance. You sign over your inheritance because the present value of $40,000 to be paid in 5 years is $(Round your response to two decimal places)
Lab Exercises D Your grandfather gave you $50,000. You want to set aside some of that money so you can withdraw $900/month for living expenses for the 4 years you attend university and still have $7,000 left at the end of the 4 years to pay for a trip after graduation. Your first withdrawal will be in one year when you start university. Assume you earn j12 4% the entire time. (a) How much of the $50,000 must you set...
Your Godmother left you an inheritance of $70,000, payable to you when you turn 26 years old. You are now 21. Currently, the annual rate of interest that can be obtained by buying 5-year bonds is 6.4 percent. Your mother offers you $61,598 64 cash right now to sign over your inheritance. sign over your inheritance because the present value of 570,000 to be paid in 5 years is $(Round your response to two decimal places) You
4. Your grandfather left you his coin collection in his will. It contains sixty 1952 silver dolla Assuming your grandfather purchased them at face value ($1 each) when they were new, he much is your collection worth today (2018)? Assume they appreciated at a rate of 10% annual Show your work. g 0.04 million 4. Your grandfather left you his coin collection in his will. It contains sixty 1952 silver dollars. Assuming your grandfather purchased them at face value ($1...
P 3-30 (similar to Question Help Your grandfather put some money into an account for you on the day you were born. You are now 18 years old and are allowed to withdraw the money. The account currently has $8,512 in it and pays an interest rate of 10% a. How much money would be in the account if you left the money there until your 25th birthday? b. What if you left the money until your 65th birthday? c....
(1) If you have a $100,000 left as an inheritance by your beloved Aunt Lacy, what would the future value of that $100,000 be when you retire? You have to determine for yourself when you are going to retire and the number of years until that age. You will also have to assume an interest rate to use in your calculation. Now add 2% to the interest rate you assumed; redo the calculation. (2) If you decide that you need...
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