using an interest rate of 3% per year(effective), calculate feasibility of each option (I),(II). use either Present Worth Analysis, or Equivalent Uniform Worth Analysis
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using an interest rate of 3% per year(effective), calculate feasibility of each option (I),(II). use either Present Worth Analysis, or Equivalent Uniform Worth Analysis.
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- Do all these probelms1- In year 12 Adam earns $1450 and saves $550. In year 21 Adam gets a $4550 raise so that he earns a total of $6000. Out of that $6000, he saves $650. What is Adam's MPC out of his $4550 raise?Suppose a person has a total credit card debt of $1,500$1,500 that has a 7%7% yearly interest rate. This person also has a savings account with $2,500$2,500 that pays 2%2% interest per year. Despite the net loss, the person keeps both.Calculate how many times the person appreciates the $1$1 of savings more than $1$1 of credit card debt if the person relates similarly to both values of percent paid and received. Enter your answer in the box below and round to two decimal places if necessary.
- A state lottery gives a winner the choice of receiving the winning amount in equal monthly payments for 20 years or receiving a lump sum equal to the present value of an annuity with future value equal to the winnings. The winner selecting monthly payments will receive $4,000,000/240 = $16,666.67 each month for each million dollars of winnings. (Round your final answers to two decimal places.) (a) Find the present value of an annuity with monthly payments of $16,666.67, at an Interest rate of 5.2% for 20 years, for the winner who wants a lump-sum payment. $ X (b) In order for the lottery to be more profitable, it is decided to pay the winnings in equal monthly payments for 25 years. Find the monthly payments of $4 million in winnings. $ Find the present value of an annuity with those monthly payments at 5.2% for 25 years. $Economics Francine, Albert, George and Connie each contributed $3,000 to a spousal RRSP. Which of them will have to report taxable income? 47 O a) Francine, whose spouse, Vic, transferred $3,000 from the spousal RRSP directly to an annuity in his name, The annuity cannot be commuted for three years. O b) Albert, whose spouse left him for another man and withdrew $3,000 from the spousal RRSP the year after it was deposited. O c) Connie, who is now a resident of Greece. Her spouse also is a resident of Greece and he withdrew $3,000 from the RRSP. O d) George, whose common-law partner, Annette, withdrew $1,000 from the spousal RRSP In the following year to purchase a new dishwasher for their house.Say that the average worker in Canada has a productivity level of $30 per hour while the average worker in the United Kingdom has a productivity level of $25 per hour (both measured in U.S. dollars). Over the next five years, say that worker productivity in Canada grows at 1% per year while worker productivity intheUKgrows3%peryear.Afterfiveyears,whowill have the higher productivity level, and by how much?
- 3. C = 180 +o, 5ya I =400 100 or = 200 =300 M= 200 +OjZ g M d/p =24- 800r Ms lp= 760 relation Derive LsWhile in college, Jerry received $40,000 in student loans at 8% interest. She will graduate in December and is expected to begin repaying loans in 5 equal annual payments. Compute her yearly payments. Select one: a. 30785.52 b. 83395.81 c. 250000 d. 88395.81 e. 10018.28Intro You put $1,000 into a savings account that pays 9% in annual interest. Part 1 How much money will you have after 4 years if the account pays only simple interest? 1360 Correct ✓ Interest per year: Int= PV. I = 1,000 - 0.09 = 90 Future value: FVN = PV + N. Int 0+ decimals = 1,000+ 4.90 = 1,360 Part 2 How much money will you have after 4 years if the account pays interest compounded annually?
- The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it may be negative or positive). Assume that amounts shown for salaries and wages are after taxes and that 1 month=4 weeks. Income Expenses Part-time job: $1300/month Rent: $550/month Student loans: $6000/year Groceries: $60/week Scholarship: $8500/year Tuition and fees: $7500/year Health insurance: $55/month Entertainment: $300/month Phone: $45/monthThe Turners have 10 years to save a lump-sum amount for their child’s college education. Today a four-year college education costs $75,000, and this is expected to increase by10%per year into the foreseeable future. a. If the Turners can earn 6% per year on a conservative investment in a highly rated taxfree municipal bond, how much money must they save each year for the next 10 years to afford to send their child to college? b. If a certain college will “freeze” the cost of education in 10 years for a lump-sum of current value $150,000, is this a good deal?21.3 Exercises 21.1 Table 21.1 shows the total area, sun hours per day and energy consumption of five different countries. (a) If a PV system of 270W, is installed in each of these locations, in which country would it be best to place the panels to obtain the maximum output? Table 21.1 Country Area (km?) Daily sun hours Energy consumption (MWh/year) United States 9 826 675 4.0 3 886 400 000 India 3 287 263 5.0 959 070 000 Brazil 8 515 767 4.5 455 700 000 Spain 505 992 4.5 267 500 000 United Kingdom 243 610 2.5 344 700 000 (b) Now let us take a look at the United States. How much area, as a percentage of the total area of the US, would be needed to cover the total annual energy demand of the country with solar panels having an efficiency of 15%? (c) Which of the five countries would need to cover the highest percentage of their area with solar panels to supply all their electricity demand with solar energy? (d) Which of the five countries would need to cover the lowest percentage of…