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10. Beginning three months from now, you want to be able to withdraw $2,000 each quarter from your bank account to...
Beginning three months from now, you want to be able to withdraw $2,300 each quarter from...
Beginning three months from now, you want to be able to withdraw $2,300 each quarter from your bank account to cover college expenses over the next four years. If the account pays 1.45 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four year A. 28,785.91 B. 32,633.32 C. 41,086.02 D. 19,934.56
Beginning three months from now, you want to be able to withdraw $4,900 each quarter from...
Beginning three months from now, you want to be able to withdraw $4,900 each quarter from your bank account to cover college expenses. The account pays 1.87 percent interest per quarter. How much do you need to have in your account today to meet your expense needs over the next four years? A. $78,400.00 B. $71,086.02 C. $67,221.04 D. $48,785.91
Beginning three months from now, you want to be able to withdraw $1,500 each quarter from...
Beginning three months from now, you want to be able to withdraw $1,500 each quarter from your bank account to cover college expenses over the next three years. If the account pays .37 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next three years?
PV with Ordinary Annuity. Beginning three months from now, you want to be able to withdraw...
PV with Ordinary Annuity. Beginning three months from now, you want to be able to withdraw $2,100 cach quarter from your bank account to cover college expenses over the next four years. If the account pays.45 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years?
D14 fo=PVC E F G H A С B 2 3 Beginning three months from now,...
D14 fo=PVC E F G H A С B 2 3 Beginning three months from now, you want to be able to withdraw $2,200 each quarter from your bank account to cover college expenses over the next four years. If the account pays.43 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years? 4 5 6 7 Quarterly withdrawal Quarters per year Number of...
10. You plan to save $3,400 per year for the next three years, beginning now, to...
10. You plan to save $3,400 per year for the next three years, beginning now, to pay for a vacation. If you can invest it at 7 percent, how much will you have at the end of three years? A) $8,599 B) $7,944 C) $9,336 D) $11,696 11. Ray has $5,000 to invest in a small business venture. His partner has promised to pay him back $8,200 in five years. What is the return earned on this investment? A) 9.3%...
MULTIPLE CHUILE. LHOUSE the Unit question. 1) 1) Your father invested a lump sum 28 years...
MULTIPLE CHUILE. LHOUSE the Unit question. 1) 1) Your father invested a lump sum 28 years ago at 4.05 percent annual interest. Today, he gave you the proceeds of that investment, totalling $48,613.24. How much did your father originally invest? A) $14,929.47 B) $16,500.00 C) $15,500.00 D) $15,994.70 E) $16,099.45 2) - 2) Beginning three months from now, you will need $1,500 each quarter for the next four years to cover expenses. How much do you need to have saved...
8-One year from now, you deposit $300 in a savings account. You deposit $1,800 the next...
8-One year from now, you deposit $300 in a savings account. You deposit $1,800 the next year. Then you wait two more years (until 4 years from now) and deposit $1,000. If your account always earns 6% annual interest and you make no withdrawals, how much will be in the account 11 years from now? 9-You deposit $5000 for 5 years at 4% annual interest. In 5 years, you add $15,000 to your account, but the rate on your account...
10) 10) You just paid $480,000 for an ann ist paid $480,000 for an annuity that...
10) 10) You just paid $480,000 for an ann ist paid $480,000 for an annuity that will pay you and your heirs $15.000 a year Torever. What rate of return are you canning on this policy A) 3.100 percent B) 3.125 percent C) 3.650 percent • D) 4.255 percent E) 2.875 percent 11) AC Electric just paid its annual dividend of $2.42. The firm plans to increase its dividend by 2.5 percent for the next 3 years and then maintain...
One year ago, your company purchased a machine used in manufacturing for $110,000. You have learned...
One year ago, your company purchased a machine used in manufacturing for $110,000. You have learned that a new machine is available that offers many advantages, you can purchase it for $150,000 today. It will be depreciated on a straight line basis over ten years, after which it has no salvage value. You expect that the new machine will contribute EBITDA (earnings before interest, taxes depreciation, and amortization) of $40,000 per year for the next ten years. The current machine...
PV with Ordinary Annuity. Beginning three months from now, you want to be able to withdraw $2,100 cach quarter from your bank account to cover college expenses over the next four years. If the account pays.45 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years?
D14 fo=PVC E F G H A С B 2 3 Beginning three months from now, you want to be able to withdraw $2,200 each quarter from your bank account to cover college expenses over the next four years. If the account pays.43 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years? 4 5 6 7 Quarterly withdrawal Quarters per year Number of...
10. You plan to save $3,400 per year for the next three years, beginning now, to pay for a vacation. If you can invest it at 7 percent, how much will you have at the end of three years? A) $8,599 B) $7,944 C) $9,336 D) $11,696 11. Ray has $5,000 to invest in a small business venture. His partner has promised to pay him back $8,200 in five years. What is the return earned on this investment? A) 9.3%...
MULTIPLE CHUILE. LHOUSE the Unit question. 1) 1) Your father invested a lump sum 28 years ago at 4.05 percent annual interest. Today, he gave you the proceeds of that investment, totalling $48,613.24. How much did your father originally invest? A) $14,929.47 B) $16,500.00 C) $15,500.00 D) $15,994.70 E) $16,099.45 2) - 2) Beginning three months from now, you will need $1,500 each quarter for the next four years to cover expenses. How much do you need to have saved...
8-One year from now, you deposit $300 in a savings account. You deposit $1,800 the next year. Then you wait two more years (until 4 years from now) and deposit $1,000. If your account always earns 6% annual interest and you make no withdrawals, how much will be in the account 11 years from now? 9-You deposit $5000 for 5 years at 4% annual interest. In 5 years, you add $15,000 to your account, but the rate on your account...
10) 10) You just paid $480,000 for an ann ist paid $480,000 for an annuity that will pay you and your heirs $15.000 a year Torever. What rate of return are you canning on this policy A) 3.100 percent B) 3.125 percent C) 3.650 percent • D) 4.255 percent E) 2.875 percent 11) AC Electric just paid its annual dividend of $2.42. The firm plans to increase its dividend by 2.5 percent for the next 3 years and then maintain...
One year ago, your company purchased a machine used in manufacturing for $110,000. You have learned that a new machine is available that offers many advantages, you can purchase it for $150,000 today. It will be depreciated on a straight line basis over ten years, after which it has no salvage value. You expect that the new machine will contribute EBITDA (earnings before interest, taxes depreciation, and amortization) of $40,000 per year for the next ten years. The current machine...
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