-13000-13000/(1+r)-13000/(1+r)^2-13000/(1+r)^3-13000/(1+r)^4-13000/(1+r)^5+25000/(1+r)^6+25000/(1+r)^7+25000/(1+r)^8+25000/(1+r)^9=0
=>r=5.0523%
A financial planning service offers a college savings program. The plan calls for you to make...
A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $15,800 each, with the first payment occurring today, your child’s 12th birthday. Beginning on your child’s 18th birthday, the plan will provide $35,000 per year for four years. What return is this investment offering? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
ssignment Saved A financial planning service offers a college savings program. The plan calls for you to ach, with the first payment occurring today, your child's 12th birthday. Beginning on your child's 18th birthday, the plan will provide $35,000 per year for four years. What return is this investment offering? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Return
A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $15,500 each, with the first payment occurring today, your child’s 12th birthday. Beginning on your child’s 18th birthday, the plan will provide $28,000 per year for four years. What return is this investment offering?
Education Plus financial services is offering education savings plan. The plan calls for you to make sik annual payments of $5,000 each, with the first payment occurring today. your child's 12th birthday. Beginning on your child's 18th birthday, the plan will provide $10,000 per year for four years. What return is this investment offering? a) 4.61% b) 4.97% c) 5.87% d) 6.49% e) 8.83% (
please help me solve this problem with excel formulas please and thank you!! A financial planning service offers a unique program for parents to save for a child's college education. Starting on the child's 12th birthday, annual deposits are made. The first deposit is $5,000 and the required deposit increases by $1000 each year, until the child's 18th birthday, when the final deposit is made. Beginning on the child's 19th birthday, four annual withdrawals of $10,000 can be made. Assuming...
A father is now planning a savings program to put his daughter through college. She just celebrated her 13th birthday, she plans to enroll at the university in 5 years when she turns 18 years old, and she should graduate in 4 years. Currently, the annual cost (for everything – food, clothing, tuition, books, transportation, and so forth) is $15,000, but these costs are expected to increase by 5% annually. The college requires that this amount be paid at the...
Your financial planner offers you two different investment plans. Plan X is an annual perpetuity of $10,000. Plan Y is an annuity for 16 years and an annual payment of $25,000. Both plans will make their first payment one year from today. At what discount rate would you be indifferent between these two plans? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
eBook A father is now planning a savings program to put his daughter through college. She is 13, plans to enroll at the university in 5 years, and she should graduate 4 years later. Currently, the annual cost (for everything - food, clothing, tuition, books, transportation, and so forth) is $18,000, but these costs are expected to increase by 7% annually. The college requires total payment at the start of the year. She now has $9,500 in a college savings...
College Problem ther and mother are planning a savings program to put their daughter through college. Their mer is now 4 years old. She plans to enroll at the university when she is 18 and it should take her 4 years to complete her education. Currently, the cost per year (for tuition, etc.) is $12,000, but a 370 ation rate in these costs is forecasted. The cost for each year of college will be withdrawn when she turns 18, 19,...
An investment offers $6,600 per year for 10 years, with the first payment occurring one year from now. a. If the required return is 5 percent, what is the value of the investment today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What would the value today be if the payments occurred for 35 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What...