Student E saves his allowance worth of P 25,000 and promised to use it only when it reaches the amount of P 45,000. How many years does Student E needs to wait when his money is invested at 8% compounded quarterly?
Q: resale lvaluue of a What is the rate of depreciation (in $ per year) after 5 years? Icar arter t yea...
A: Time Period = (t=5) Resale Value R(t) =300,000 e-0.1t
Q: ear-to-date, Oracle had earned a −1.34 percent return. During the same time period, Valero Energy ea...
A: Given that Oracle return=-1.34% Oracle Weight=30%=0.3 Valero Energy return= 7.96% Valero Energy weig...
Q: The present worth of package K is $ and that of package Lis $ (Click to select) offers the lower pre...
A: Net present value (NPV) of an alternative refers to the variance between the initial investment or p...
Q: A loan for RM6,500 with a simple interest rate of 18% was made on June 15 and due on September 15. ...
A: Loan amount (P) = RM6500 Interest rate (r) = 18% Period from June 15 to September 15 (d) = 92 days
Q: the bank's excess reserves if the legal he
A: Excess reserves refer to the amount which is excess by the regulators, creditors, and internal contr...
Q: What are the holding period and the annualized compounded returns if you buy a stock for $40 and sel...
A: Holding period return is the total percentage return on an investment over a period of investment. T...
Q: A Treasury bond that you own at the beginning of the year is worth $1,055. During the year, it pays ...
A: Dollar return is calculated as: = (Price at end + Dividend) - Price at beginning Percentage return i...
Q: An FSA can be used to pay for over-the-counter as well as prescription medications. Kendra bought th...
A: FSA or Flexible spending account is an employer sponsored healthcare benefit. This account allows t...
Q: Mye has a 15-year mortgage loan at a compounded annual interest rate of 9.3%. After making annual pa...
A: Given that: Annual Cash flow=P11600 N=7 Years=7*12=84 Months r=9.3% annually= 0.93/12 Monthly =0.775...
Q: You can buy a carton of three 32-ounce bottles of shower cleaner on sale for $5.00. The 64-ounce "re...
A: Price of a carton of three 32-ounce bottles of shower cleaner = $ 5.00Price of 64-ounce "refill" siz...
Q: Sheldon is going to enroll in a flexible spending account (FSA). In order to decide how much to cont...
A: The savings amount which is specifically made by individually to meet their healthcare expenses is c...
Q: Suppose you obtain a 20-year mortgage loan of $193,000 at an annual interest rate of 8.4%. The annua...
A: Given Information in the question:- PV (present value) = $193,000 Rate = 8.4% Time (N) = 20 year Ann...
Q: What is the importance of recording business transaction?
A: Business Transactions are the transactions carried out in the business in the financial year. It inc...
Q: An item will need replacing in 6 years from now at a cost of ₱128,000.00. How much should the owner ...
A: Solution:- When an equal amount is saved each period at beginning of each period, it is called annui...
Q: Answer the following probiems: 1. The buyer of a car pays P 169,000 cash and P 12,000 every month fo...
A: Solution:- Cash price means the amount payable in today’s terms. So, cash price = Down payment + Pre...
Q: It is April, and Hans Anderson is planting his barley crop near Plunkett, Saskatchewan. He is concer...
A: In the given question we are given with the particulars about a barley crop of Hans Anderson. Given...
Q: You have found three investment choices for a one-year deposit: 9.1% APR compounded monthly, 9.1% AP...
A: Solution:- Effective Annual Rate (EAR) means the effective rate for a year after effect of all the c...
Q: The price of a new car is $36,000. Assume that an individual makes a down payment of 25% toward the ...
A: The loan which is paid-off by making installment payments having two components as interest mount an...
Q: Over the past 10 years, the dividends of Party Time Inc. have grown at an annual rate of 16 percent....
A: Current (D0) dividend $ 2.70 D(1) 3 Growth rate for 2 Years 13% Growth rate ...
Q: . Compute the cost of equity for this project 2. Compute the relevant cost of debt for this project...
A: WACC: It represents the average cost of capital for the company. It is computed by adding the indiv...
Q: find cach instalme
A: GIVEN: Principal = Rs. 10815 Rate = 13 1/3% = (40/3)/2% = 20/3% half yearly
Q: A car lease of $12613 is to be repaid by making payments at the beginning of each month for 3 years....
A: Car Lease Amount = $12613 Time Period = 3 Years Interest Rate = 3%
Q: Neverland Company, a retailer, plans to sell 15,000 units of Product X during the month of August. I...
A: Sales = 15000 units Opening stock = 2500 units Closing units = 2000 units
Q: Mr. Reyes borrows P600, 000 at 12% compound the loan in 15 equal annual payments. How muc unpaid aft...
A: Loans are paid by the periodic payments that are paid equally annually and they carry payment of int...
Q: Nector is a company that sells bee keeping supplies and connects beekeepers all over the world to se...
A: Solution:- Taxable income means the income which is subject to tax, after deducting all the deductib...
Q: to deposits of $80 a month for 18 years, then they are offering a guaranteed rate of 4.5% interest c...
A: Future Value of Annuity: It is the future worth of the present annuity stream cash flows. It is com...
Q: Siri plans to retire when her simple annuity savings account has enough money to receive 10000.00 pe...
A: We need to use excel FV function to calculate future value of payment and NPER function for calculat...
Q: According to the promissory note below, answer the following questions (Refer to the pic attached) ...
A: Maker is the person who is supposed to pay the amount and Payee is the person to whom amount is to b...
Q: If that 55% return on investment (ROI) occurs over a decade, r = .55 and n = 10, so the annualized r...
A: Return on investment is defined as the return generated by investment as a percentage of investment....
Q: eBook Problem 16-07 Assume that the rate of inflation is 5 percent and continues indefinitely and t...
A: Future Value refers to the value of the current asset or investment of cash flows at a specified in...
Q: Developing countries can achieve higher productivity per unit of capital because they can use techno...
A: A developing nation is a sovereign state with a less developed economic base and a lower Human Devel...
Q: Inflation can have significant effects on income statements and balance sheets, and therefore on the...
A: Inflation It arises when average prices in the entire country go up . Value of money is decreased o...
Q: Wendy has $23,000.00 invested in a bank that pays 11.75% annually. How long will it take for her fun...
A: Principal (P) = $23,000 Amount (A) = $69,000 ( Triple) Annual interest rate = 11.75% The equation t...
Q: A 5-year project will require an investment of $100 million. This comprises of plant and machinery w...
A: Since you have posted a question with more than three sub-parts, we will solve the first three sub-p...
Q: You are planning to accumulate P2.5M in your personal savings account by the time you retires at 60....
A: Each year deposit earn the some portion of interest and it is compounded annually.
Q: The minimum required return by Cross-Ocean’s debtholders. 2. The minimum required return by Cro...
A: Minimum Required Return: It represents the minimum return expected by the investors for investing i...
Q: complete the following using ordinary interest. (use days in a year table.) (don not round intermedi...
A: Principal (P) = $585 Interest rate (r) = 9% Period (d) = 193 days
Q: Bartlett Co. wants to issue sixty 20-year, $1,000 par value, zero-coupon bonds. If each bond is pric...
A: Par value = FV = $1000 Years to maturity = n = 20 years Yield rate = r = 7% Number of bonds = N = 6...
Q: Find the monthly house payments necessary to amortize the following loan. What are the total payment...
A: Loan amount (PV) = 196000 Interest rate = 6.89% Monthly interest rate (r) = 6.89%/12 = 0.57416666666...
Q: 4800 accumulating to 5994.78 compounded monthly for 4 years. what is the interest rate?
A: We need to use compound interest formula to calculate interest rate A=P(1+i)n where A=Accumulated am...
Q: etermine the amount of money he ne
A: Present value refers to the value of assets present today of the value at some future date. It def...
Q: Isabella purchased $20,000 worth of 26-week T-Bills for $19,700. What will be the rate of return on ...
A: Initial investment (P) =$19,700 Maturity value(S)=$20,000 since maturity period is 26 week= 26*7=182...
Q: is trend analysis helpful in analyzing ratio
A: Trend analysis the patterns going on within the industry in different ratios and help in comparison ...
Q: Problem 9-16 Problems with Profitability Index [LO1, 7] The Michner Corporation is trying to choose ...
A: a1) Let the initial investment = C Annual cashflow = A r = 11% n = 3 years
Q: On January 1, 2021, Canada Corp. purchased 4-year bonds with a face value of P7,300,000 and a stated...
A: Bonds that are held till maturity are recorded at cost including associated cost. Any discount or pr...
Q: On January 1, 2020, Janet buys a bond for P10,000 that will make coupon payments of P600 after each ...
A: A bond is a debt instrument where a sum is forwarded (which can be at a premium or discount) and the...
Q: . What is the present worth of 4100 deposited at the end of every three months for 5years if the int...
A: The future value is the amount deposited and interest accumulated over the period of time. The prese...
Q: 16. Lancaster Corp is considering two equally risky, mutually exclusive projects, both of which have...
A: IRR of project A = 11% IRR of project B = 14% Crossover rate = 8%
Q: The future value of four cash flows paying $100 at the end of each year starting three years from no...
A: Future Value: The future value is the amount that will be received at the end of a certain period. T...
Q: Which of the following methods will NOT achieve the client's goal of distributing property at death ...
A: In case of death of person it is necessary to transfer the wealth to the proper person for that ther...
Student E saves his allowance worth of P 25,000 and promised to use it only when it reaches the amount of P 45,000. How many years does Student E needs to wait when his money is invested at 8% compounded quarterly?
Step by step
Solved in 2 steps
- How long would it take for Nico to save an adequate amount for retirement if he deposits R40,000 per year into an account beginning one year from today that pays 12 percent per year if he wishes to have a total of R1,000,000 at retirement?David invests $300 into an account with a 2.3% interest rate that is compounded semiannually. How much money will he have in this account if he keeps it for 10 years? Round your answer to the nearest dollar. Provide your answer below:Joe wants to have $50,000 ten years from now to use for a down payment on a house. How much should he deposit each month into an ordinary annuity that pays an annual rate of 4.5% in order to achieve his goal?
- 8. An amount of P 250,000 is deposited now into a savings account that earns 8% per year. This amount will take care for the yearly allotment of a grandmother until shedies. The first allotment will be one year after the deposit is made. How much can thegrandmother withdraw every year?Kenneth decides to put away an amount of R400,00 for 15 years, at the end of every month, towards a retirement annuity that earns interest at 10% per year, compounded monthly. Determine the present value of the annuity?A young engineer wants to provide his newly born daughter a lump sum of P 2.0M when she graduates college at the end of 21 years. To achieve this he deposits at the end of every month a certain amount in a fund that earns 12% compounded monthly. How much is the monthly deposit?
- Troy has a retirement account worth $1,250,000 . The account draws 4.5% compounded monthly. A . How much can he withdraw each month and not change the balance? B. It he withdraws $4000 each month , what will be the value of the account in 20 years? C. How much can he withdraw each month from the $1,250,000 to make the account last 30 years?A boy borrows 25000 from father. His father lends him the money, on the condition that he would be repaid within two years only. The boy gives 500 to his father every month for the first year. In the second year, how much should he pay his father every month to fully return his borrowed money? Use an interest rate of 5.2% per year, compounded daily. Use 365 days = 1 yearJosh invests P500 per quarter for his retirement at 7.3% compounding quarterly for 32 years. He has a choice of making that payment of P500 at the beginning or the end of the quarter (regular annuity or annuity due). In which account will he have more money and by how much?
- Kyle needs to have ₱ 37,000,000 for retirement in 10 years. His account earns 3% interest. How much would he need to deposit in the account each quarterDanny is saving towards his vacation. He has determined that the total cost including airfare and accommodation will amount to $5,000. a. If he sets aside $400 per month from his salary, starting from the end of this month, in an account that pays interest of 9% per annum, will he have enough to make the trip at the end of the year? b. How much more will he have in the account if he made his first deposit of $400 today? What kind of annuity is this?Tak wants to save $10 000 for a vacation. He deposits $150 at the end of each month for 4.5 years in an account that earns 8.7% per year compounded monthly. Will Tak have enough money saved at the end of 4.5 years? Why? Paragraph В I U + v