On January 1, 2014, the balance in account is $25,200. On April 1, 2014, $500 are deposited in this account and on July...
On January 1, 2014, the balance in account is $25,200. On April 1, 2014, $500 are deposited in this account and on July 1, 2015, a withdraw of $1,000 is made. The balance in the account on October 1, 2015 is $25,900. What is the annual rate of interest in this account according with the dollar-weighted method (DWRR)?
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On January 1, 2014, the balance in account is $25,200. On April 1, 2014, $500 are deposited in this account and on July...
answer should be 6.175% On January 1, an investment account is worth $500,000. On April 1,...
answer should be 6.175%
On January 1, an investment account is worth $500,000. On April 1, the account value has increased to $530,000, and $120,000 of new principal is deposited. On August 1, the account value has decreased to $575,000, and $250,000 is withdrawn. On January 1 of the following year, the account value is $400,000. Compute the yield rate using the dollar-weighted method.
On February 1, Arshak's Investment account has a balance of $19.000. He deposited $1,100 on April...
On February 1, Arshak's Investment account has a balance of $19.000. He deposited $1,100 on April 1 and $2,600 on May 1. He withdrew $8,400 on July 1. On November 1, Arshak's balance was $14,750. Find Arshak's approximate dollar weighed annual Yield for this nine month period using the following approximation (Round your answer to two decimal places.) "A. - Submit Answer
a) On 1 July 2017, $10,000 was deposited into an account earning interest at 4 percent...
a) On 1 July 2017, $10,000 was deposited into an account earning interest at 4 percent per annum compounding monthly. $500 is to be withdrawn each month, commencing on 1 July 2018. How many full monthly withdrawals of $500 can be made? (4 marks)
Winnie invests in the Chow Fund. On January 1, 2016, her account has a balance of...
Winnie invests in the Chow Fund. On January 1, 2016, her account has a balance of 75,000 in the Fund. On April 30, 2016 Winnie has a balance of 80,000 and decides to withdraw 20,000 to go to Europe for the summer. On August 30, 2016, Winnie has a balance of 55,000 in the Fund. She decides to deposit 12,000 in the Fund at that time. Finally, on August 1, 2017, Winnie withdraws 15,000 to pay her tuition. Prior to...
Winnie invests in the Chow Fund. On January 1, 2016, her account has a balance of...
Winnie invests in the Chow Fund. On January 1, 2016, her account has a balance of 75,000 in the Fund. On April 30, 2016 Winnie has a balance of 80,000 and decides to withdraw 20,000 to go to Europe for the summer. On August 30, 2016, Winnie has a balance of 55,000 in the Fund. She decides to deposit 12,000 in the Fund at that time. Finally, on August 1, 2017, Winnie withdraws 15,000 to pay her tuition. Prior to...
Assume that on 1 January 2015 you deposited $1,000 into a savings account that pays 8%...
Assume that on 1 January 2015 you deposited $1,000 into a savings account that pays 8% p.a. If the bank compounds interest quarterly, how much will you have in your account on 1 January 2018? a. $1,301.15 b. $1,349.13 c. $1,372.79 d. $1,483.09 e. $1,268.24
Assume on January 1, 2014 you opened a fixed deposit account with a local bank and...
Assume on January 1, 2014 you opened a fixed deposit account with a local bank and between January 1, 2014 and January 1, 2019 you made the following deposits and withdrawals: Date Deposits Withdrawals January 1, 2014 6,000 0 January 1, 2015 4,000 0 January 1, 2016 0 0 January 1, 2017 0 9,000 January 1, 2018 0 0 January 1, 2019 3,000 0 Assume an interest rate of r = 14% compounded annually. (a) Write down the cash flow...
On January 1, you deposited $7,300 in an investment account. The account will earn 8 percent...
On January 1, you deposited $7,300 in an investment account. The account will earn 8 percent annual compound interest, which will be added to the fund balance at the end of each year (Future Value of S1, Present Value of $1. Future Value Annuity of $1. Present Value Annuity of 5) (Use appropriate factor(s) from the tables provided.) 333 points Required: 1 What will be the balance in the account at the end of 10 years? 2. What is the...
Hallmark company issued at 2,000,000 bond on January 1, 2014. The bond was dated January 1,...
Hallmark company issued at 2,000,000 bond on January 1, 2014. The bond was dated January 1, 2014 had an 8% stated rate, pays interest annually on December 31, and sold for $2,200,600 at a time when the market rate of interest was 6%. Hallmark uses the effective-interest method to account for its bonds. Prepare the necessary journal entry for each of the following dates: January 1, 2014 December 31, 2014 December 31, 2015
issued a five (5) year $500,000 Bond with coupon rate of 8% on January 1, 2010. Interest is paid quarterly on April 1, July 1, October 1 and January 1. The market interest rate is 12%. (a) Calculate the issue price in dollar and as a percentage.
issued a five (5) year $500,000 Bond with coupon rate of 8% on January 1, 2010. Interest is paid quarterly on April 1, July 1, October 1 and January 1. The market interest rate is 12%. (a) Calculate the issue price in dollar and as a percentage.
answer should be 6.175%
On January 1, an investment account is worth $500,000. On April 1, the account value has increased to $530,000, and $120,000 of new principal is deposited. On August 1, the account value has decreased to $575,000, and $250,000 is withdrawn. On January 1 of the following year, the account value is $400,000. Compute the yield rate using the dollar-weighted method.
On February 1, Arshak's Investment account has a balance of $19.000. He deposited $1,100 on April 1 and $2,600 on May 1. He withdrew $8,400 on July 1. On November 1, Arshak's balance was $14,750. Find Arshak's approximate dollar weighed annual Yield for this nine month period using the following approximation (Round your answer to two decimal places.) "A. - Submit Answer
a) On 1 July 2017, $10,000 was deposited into an account earning interest at 4 percent per annum compounding monthly. $500 is to be withdrawn each month, commencing on 1 July 2018. How many full monthly withdrawals of $500 can be made? (4 marks)
Winnie invests in the Chow Fund. On January 1, 2016, her account has a balance of 75,000 in the Fund. On April 30, 2016 Winnie has a balance of 80,000 and decides to withdraw 20,000 to go to Europe for the summer. On August 30, 2016, Winnie has a balance of 55,000 in the Fund. She decides to deposit 12,000 in the Fund at that time. Finally, on August 1, 2017, Winnie withdraws 15,000 to pay her tuition. Prior to...
On January 1, you deposited $7,300 in an investment account. The account will earn 8 percent annual compound interest, which will be added to the fund balance at the end of each year (Future Value of S1, Present Value of $1. Future Value Annuity of $1. Present Value Annuity of 5) (Use appropriate factor(s) from the tables provided.) 333 points Required: 1 What will be the balance in the account at the end of 10 years? 2. What is the...
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