Question
question 3 & 4
3. You plan to invest $300 at the beginning of each month, starting on October 1, 2012, and the last investment will be made
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Pa there aeu2 month mens he ih vestel 2 00 24 2. 200 0015 A- f 263, 220 be annuiPay 2 octoby 012

Add a comment
Know the answer?
Add Answer to:
question 3 & 4 3. You plan to invest $300 at the beginning of each month, starting on October 1, 2012, and the last investment will be made on September 1, 2014. The payments will be invested...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require...

    Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require the same initial investment. Year 1 Year 2 Year 3 Year 4 Investment X Investment y $ 3,000 $ 6,000 4,000 5,000 5,000 4.000 6,000 3,000 Total $ 18,000 $18,000 Click here to view Exhibit 11B-1, to determine the appropriate discount factor(s) using tables. Required: Compute the present value of the cash inflows for each investment using a 10% discount rate. (Round discount factor(s)...

  • 1. You have $200 to invest. If you put the money into an account earning 4​%...

    1. You have $200 to invest. If you put the money into an account earning 4​% interest compounded​ annually, how much money will you have in 10 years? How much money will you have in 10 years if the account pays 4​% simple​ interest? 2. You have $1,300 to invest today at 5​% interest compounded annually. a.  Find how much you will have accumulated in the account at the end of​ (1) 6 ​            years, (2) 12 years, and​ (3)...

  • help Por Jou pie M ICELIUI SCVCIl years. Which option is better? Interest effective and Interest...

    help Por Jou pie M ICELIUI SCVCIl years. Which option is better? Interest effective and Interest compounded 5. Suppose your savings account pays 9% interest compounded quarterly. If you deposit $25,000 for one year, how much would you have? 6. If your credit card calculates the interest based on 12.5% APR, what is your monthly interest rate and annual effective interest rate, respectively? ut, pelivery The Concept of Equivalence 7. Suppose that, to purchase a car, you are obtaining a...

  • Problem 6-4 Tony Long has just learned he has won a $512,600 prize in the lottery....

    Problem 6-4 Tony Long has just learned he has won a $512,600 prize in the lottery. The lottery has given him two options for receiving the payments. (1) If Tony takes all the money today, the state and federal governments will deduct taxes at a rate of 47% immediately. (2) Alternatively, the lottery offers Tony a payout of 20 equal payments of $37,400 with the first payment occurring when Tony turns in the winning ticket. Tony will be taxed on...

  • Suppose that you invest $170 per month (before taxes) for 25 years (300 payments) and the...

    Suppose that you invest $170 per month (before taxes) for 25 years (300 payments) and the annual interest rate (APR) is 7%, compounded monthly. If your income tax bracket is 32%, what lump sum, after-tax distribution can be taken at the end of 25 years? $ can be taken at the end of 25 years after-tax distribution. (Round to the nearest dollar.) Nowadays it is very important to reduce one's carbon "footprint" (how much carbon we produce in our daily...

  • You estimate that you will owe $45,300 in student loans by the time you graduate. The...

    You estimate that you will owe $45,300 in student loans by the time you graduate. The interest rate is 4.25 percent. If you want to have this debt paid in full within ten years, how much must you pay each month? Your insurance agent is trying to sell you an annuity that costs $230,000 today. By buying this annuity, your agent promises that you will receive payments of $1,225 a month for the next 30 years. What is the rate...

  • Score: 0 of 1 pt 3 of 20 (2 complete) HW Sce Problem 5-5 (similar to)...

    Score: 0 of 1 pt 3 of 20 (2 complete) HW Sce Problem 5-5 (similar to) (Present value) What is the present value of the following future amounts? a. $900 to be received 9 years from now discounted back to the present at 11 percent b. $200 to be received 6 years from now disc be received 6 years from now discounted back to the present at 9 percent c. $1,100 to be received 13 years from now discounted back...

  • please answer question 7-9, 14-15, and 17-18 7) Which of the following is false? i) the...

    please answer question 7-9, 14-15, and 17-18 7) Which of the following is false? i) the goal of a financial manager is to maximize growth ii) the interests of the financial manager and shareholders are always aligned iii) the goal of a financial manager is to achieve maximum profits as well as market share. iv) the valuation principle states that the market demand determines the value of the costs and benefits of an investment decision. A) All of the above...

  • Assume that you are nearing graduation and that you have applied for a job with a...

    Assume that you are nearing graduation and that you have applied for a job with a local bank. As part of the bank’s evaluation process, you have been asked to take an examination that covers several financial analysis techniques. The first section of the test addresses time value of money analysis. See how you would do by answering the following questions: a.   Draw cash flow time lines for (1) a $100 lump-sum cash flow at the end of Year 2,...

  • I need help on question 3. Time Value of Money Exercise: Question 1: Assume you deposit...

    I need help on question 3. Time Value of Money Exercise: Question 1: Assume you deposit $700 every three months at ercent annual rate, compounded $700 every three months at a 6 percent am much will you have at the end of 20 years? Question 2: You borrow a five-year $13.000 loan with monthly percentage rate (APR) on the loan? 3,000 loan with monthly payments of $250. What is the annual Question 3: How much would you have to invest...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT