True b. What is the most you should pay for the annuity? If not, say what changes they should make, and how much extra profit will result. \text { workers } Suppose there is an investment project with the following cash flows to be received at the end of next three years. Bob has $2,500 invested in a bank that pays 5.4% annually. Assume that the pure expectations theory holds and that the market is in equilibrium. What is the PV of an ordinary annuity with 10 payments of $7,700 if the appropriate interest rate is 5.5%? How much will you have when the CD matures? What is the effective annual rate on the loan? Assume that the effective annual rate for all investments is the same and is greater than zero. (1+ r/n) n -1, where r is the apr rate and n are . The going rate on such annuities is 5.15%. A majority of Supreme Court justices expressed doubt over whether the Biden Administration's student loan forgiveness plan is legal in back-to-back oral arguments . 2 & 475 & 800 \\ Define the random variable XXX in words. The process of determining the present value of a cash flow or a series of cash flows to be received or paid in the future is known as _____., Interest rates on 1-year, 2-year, and 3-year Treasury bills are 5%, 6%, and 7% respectively. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $340.00 at the end of each quarter and then pay off the principal amount at the end of the year. Comparable shares are offering a 12% return. Which of the following statements regarding a 30-year monthly payment amortized mortgage with a nominal interest rate of 10% is CORRECT? and more. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $240.00 at the end of each quarter and then pay off the principal amount at the end of the year. How much would he have after 6 years if he leaves it invested at 7.0% with annual compounding? loan? No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $4,000. Loan payments that have been on hold since the start of the coronavirus pandemic three years ago are supposed to resume no later than this summer. 16.46%. A used car? False, Enoch's Chapter 16 AP Euro IDS: Spievogel, Biol 2108, Chapter 37, Cardiovascular and Res, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Don Herrmann, J. David Spiceland, Wayne Thomas. Suppose an Exxon Corporation bond will pay $4,500 ten years from now. Investment D pays $2,500 at the end of 10 years (just one payment). Suppose a company offers a dividend payment of $2.5 every year. FV $0.00 If you sell it, what rate of return would your uncle earn on his investment? They have just released a new product that will cause the firm (and dividends) to grow by 20% for the next two years, after which growth will return to 8% for the foreseeable future. For example, suppose you have liability coverage or collision coverage with a $500 deductible. Some of the cash flows shown on a time line can be in the form of annuity payments but none can be uneven amounts. . My designated payday is suppose to be Monday. For example, if you invest $1,000 in a savings account with a 5% APY that compounds monthly for one year, the calculation would be: APY = (1 + .05/12)^12 - 1 APY = 0.0512 or 5.12%. [1] [2] If a victim makes the payment, the . Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of each - 14892811 d. Exactly 10% of the first monthly payment represents interest. Suppose you borrowed $12,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years. the end of the year. \text { Total vacation } \\ The bank loan officer offers you the loan if you agree to pay $16,000 in interest plus repay the $175,000 at the end of one year. Suppose VMP $=150 /$ wk for younger workers, 175/wk for older workers, and that existing firms give all their workers, young and old, 5 weeks per year of vacation time. 2020 - 2024 www.quesba.com | All rights reserved. Press question mark to learn the rest of the keyboard shortcuts. e. $2,179.69, Midway through the life of an amortized loan, the percentage of the payment that represents interest must be equal to the percentage that represents repayment of principal. The price for a share of GDL today is $52.37. e. 23.81%, Your sister turned 35 today, and she is planning to save $85,000 per year for retirement, with the first deposit to be made one year from today. Charter Bank pays a 4.30% nominal rate on deposits, with monthly compounding. a. What's the present value of $4,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? Do you need an answer to a question different from the above? 8.45% c. 8.66% d. 8.88% e. 9.10% 2. Your aunt has $270,000 invested at 5.5%, and she now wants to retire. Midway through the life of an amortized loan, the percentage of the payment that represents interest could be equal to, less than, or greater than to the percentage that represents repayment of principal. He manages to deposit $700 at the end of the first year, $500 at the end of the second year, $300 at the end of the third year, and $600 at the end of the fourth year. How long will it take for his funds to double? I am seeing 6.5% par on VA loans with good credit. carta para mi hermana embarazada ken climo injury your account is inaccessible at this time citizens bank. PMT $85. c. $2,428.22 $3,153.90 8.46% b. "They will average an expenditure of SIOO each or possibly more while in the city. d. 24.05% What does this statistic tell you? Those filing ITR after July 31 are liable to pay a maximum penalty of Rs 5,000 under Section 234F of the Act. D. duplication of efforts. If John and Jill are married and both are employees, what is the probability that they will both win. What is the effective annual rate on the loan? N 25 (1+r/n)n -1, where r is the apr rate and n are the number of period compounding. An account that pays 7% nominal interest with monthly compounding., Charter Bank pays a 4.50% nominal rate on deposits, with monthly compounding. One reviewer received a $15,000 line with an average score of 662. What is the effective annual rate on the loan? Welcome to the Northern Ireland Assembly web site, which was set up to inform interested viewers of the day-to-day business and historical background of devolved Government in Northern Ireland. The going rate on such annuities is 5.25%. $$ 83. 3.31% held and the other is eligible for $10,000 in . Were these methods effective? Care less as long as I get it required to accept the Terms and ;! The number of months is will take her to have enough money to start college is closest to: Bill is considering investing $450 at the end of every month in a fixed income instrument. Which of the following investments would have the lowest present value? On the 31st day, the card . Suppose the U.S. Treasury offers to sell you a bond for $3,000. Press J to jump to the feed. (T/F), All other things held constant, the present value of a given annual annuity increases as the number of periods per year increases. \text { Older } \\ \end{array} \\ You plan to borrow $10,000 from your bank, which offers to lend you the money at an 11 percent nominal or stated, the rate on a 1-year loan. Rebecca is currently working, but is planning to start a college in few years. The What is the present value of the following monthly lease? We offer one free story view per month. $749,039.41 She will invest in a mutual fund that's expected to provide a return of 7.5% per year. If you require a 12% return to invest in GDL, what constant growth rate is necessary to justify the current share price? You expect the company to have profits of $4.69 per share next year. If $a$ and $b$ are nonzero real numbers, What is the intrinsic value of BHBs ordinary share? b. Suppose a bank offers to lend you $10,000 for 1 year on a loan Suppose a ba ****** ******, Refer To Friends And Earn Some Extra Dollar, Suppose a bank offers to lend you $10,000 for 1 year on a loan. *Flow rates of water* The speed at which water travels in a pipe can be measured by directing the flow through an elbow and measuring the height to which it spurts out the top. An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. How were presidents in the eighteenth and nineteenth centuries likely to reach the public? Her first withdrawal will be made at the end of her first retirement year. By creating an account, you agree to our terms & conditions, Download our mobile App for a better experience. 82. What is the effective annual rate on the loan? Investors require a return of 12 percent on the company's stock. Chapter 2: Time Value . $$ What is the most you should pay for the annuity? What is the expected rate of return on this investment? What is the specific eight-digit Codification citation (XXX-XX-XX-X) that describes examples of circumstances under which an investment in debt is available to be sold and therefore should not be classified as held-to-maturity? This short article offer you most of the tips and tricks you need by giving three legitimate paths as you are able to follow. PV $365,000 a. b. d. 2003-2023 Chegg Inc. All rights reserved. Period123456UnitSales22,50017,25015,75011,25013,50018,750CostofSales$15,15011,25010,500$8,2509,00014,250. You will make 3 deposits in an account that pays 5.2% interest. Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 6.50%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. Another person got a $50,000 credit limit. We have 1000+ PHD and Post Graduate experts. Jose now has $500. Merchants Bank offers to lend you the $50,000, but it will charge 6.8%, simple interest, with interest paid at the end of the year. If his opportunity cost rate is 8 percent compounded annually, how much will his investment be worth after the last annuity payment is made? \text{3} \ldots\ldots\ldots & \text{15,750} & \text{10,500}\\ You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years. If you're aware of what direction to go and where to look, discovering that $10,000 personal loan with bad credit can be done. The present value of a future sum decreases as either the discount rate or the number of periods per year increases, other things held constant. If you have all of your documents, then it should be pretty easy to shop around. If the elbow height is $10 \mathrm{~cm}$, the equation relating the height $h$ (in centimeters) of the water above the elbow and its velocity $v$ (in centimeters per second) is given by . \text { workers } (1+.128/4)4 -1 = 13.43%. She also wants to have $50,000 left to give you when she ceases to withdraw funds from the account. 4 & 700 & 1250 \\ (c) The operation of subtracting 32 from a number and then multiplying the result by 5/95 / 95/9 is the inverse of the operation of multiplying a number by 9/59 / 59/5 and then adding 32 . 2. What is the coefficient of determination? The final exam mark, assignment mark, and midterm test mark for 30 students who took the statistics course last year were collected. e. $3,745.76, What is the PV of an ordinary annuity with 5 payments of $6,200 if the appropriate interest rate is 4.5%? N 5.68 years. a. $614.59 If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20? 9.37% c. 9.86% d. 10.38% ANSWER:d. d. 83. Do not simply assume your contracts you agree to online state everything they need to. 03/01/2023 kubiweb Would you like to combine the debit,financing pick otherwise looking for fund to have repair and you will coverage costs ? Jude wants to receive $1,100 at the beginning of each of the next eight years. Question 14 options: Should you jump at this offer? If you could just explain how you arrived at the answer, it would be greatly appreciated, as my teacher never gave us an example of how to find the interest rate : (. I think I pushed these expectations to the limits and Bob Stallings WON. What is the effective annual rate on the loan? a. 1. a. Used to calculate deemed income, we ve grown to a financial counsellor you:! - BIG Fail! \end{array} & \begin{array}{c} \hline Which of the following bank accounts has the lowest effective annual return? What is the present value of the following cash flow stream at a rate of 6.25%? b. If the APR is stated to be 24.50%, with interest paid monthly, what is the card's EFF%? Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). How much would it cost her to buy such an annuity today? Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $320.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the present value of the following monthly lease? How much could he withdraw at the end of each of the next 25 years and end up with zero in the account? Where: r = the annual interest rate. Wells Fargo Personal loan will get your back defense that have a competitive repaired interest. Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually. Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 6.50%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. William buys 20 shares of Zync Corporation at $18.5 per share. 11.84%. She had taken an education loan of $45,000, which now needs to be repaid in equal monthly installments over the next 6 years. \text{2}\ldots\ldots\ldots & \text{17,250} & \text{11,250}\\ What is the effective annual rate on the \text { time, weeks } You could earn 5.5% on your money in other investments with equal risk. The second part, after page 343, is the same complete Ten How much higher or lower is the effective annual rate charged by Midwest versus the rate charged by Riverside? d. $1,459.13 Bank 5; 6.0% with daily (365-day) compounding. Find the monthly payment for the loan indicated. PeriodUnitSalesCostofSales122,500$15,150217,25011,250315,75010,500411,250$8,250513,5009,000618,75014,250\begin{matrix} $$ What is the effective annual rate on the loan? 2003-2023 Chegg Inc. All rights reserved. Farmers Bank offers to lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest paid quarterly. She plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of eachquarter and then pay off the principal amount at the end of the year. b. And a 64-year-old borrower said that "the thought of having the loan payments starting again in general and without cancellation terrifies me. Suppose United Bank offers to lend you $10,000 for one year at a nominal annual rate of 8.00%, but you must make interest payments at the end of each quarter 3/9. Periodic Rate earned = Interest payment / Loan . Water polo seemed to offer that opportunity. 6.99% b. I/YR 7.5% How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? A=\left[\begin{array}{rr}a & b \\ -a & -b\end{array}\right] The bank offers you a $15,000, seven-year loan at 8.25 percent . What's the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $$ An investment of Rs 1 lakh will grow to Rs 1.26 lakh in . For example, suppose you need a loan to deal with payables, buy goods, and invest in other expansion opportunities. However, too much studying would not be warranted because Pats ambition (if thats what one could call it) was to ultimately graduate with the absolute minimum level of work. c. $3,945.00 False. $$ False, Time lines can be constructed in situations where some of the cash flows occur annually but others occur quarterly. 7.76% c. 8.63% d. 9.59% e. 10.65%. a. Our experts provide 100 % original and customized work On time Delivery, We provide 24*7 online customer supports via online chat or email. Accordingly, Pat undertook the following analysis. 2.42% Corporate author : International Scientific Committee for the drafting of a General History of Africa Person as author : Ki-Zerbo, Joseph [editor] The loan (principal plus interest) must be repaid at the end of the year. As a result of compounding, the effective annual rate on a bank deposit (or a loan) is always equal to or less than the nominal rate on the deposit (or loan). Homework help starts here! The balance on a debit card is the available balance on the user's bank account. You are considering purchasing an outstanding corporate bond, which has 15 years until maturity. (a) BH Berhad (BHB) just paid a dividend of RM2. What rate of return is built into the annuity? a. If the required rate of return is 5%, what would be the present value of the preferred stock? For example, Aetna matches employees' U.S.-based student loan payments up to $2,000 a year for a lifetime maximum of up to $10,000 for qualifying loans; PwC offers associates and senior . The price for a share of GDL today is $52.37. Suppose I am a good borrower. If you deposit $10,000 into that account, how many years will you have to wait until your account is worth $12,000? ), Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Fundamentals of Financial Management, Concise Edition, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman. You plan to analyze the value of a potential investment by calculating the sum of the present values of its expected cash flows. Your uncle is about to retire, and he wants to buy an annuity that will provide him with $80,000 of income a year for 20 years, with the first payment coming immediately. 816.08 c. 1209.30 d. 769.41. (r represents the interest rate and n represents the length of time). d. $30,484.00 Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! (Round your final answer to two decimal places.) Study with Quizlet and memorize flashcards containing terms like Suppose United Bank offers to lend you $10,000 for one year at a nominal annual rate of 8.00%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. The pay isn't set high on accident. We can provide assignment help for almost all subjects. What's the difference in the effective annual rates charged by the two banks? Which of the possible bonds listed below best satisfies your uncle's criteria?, Investors with a _____ will demand a higher rate of return., Which of the following statements is correct?, The Federal Reserve purchases U.S. Treasury securities to:, The form of informational market efficiency that states that current market prices of securities reflect all information contained in past price movements is known as the _____., Treasury bills are issued by the U.S. government. Joey is planning to invest his savings in a fixed income fund. So, you'll pay $340 each quarter and, of course, there are 4 quarters in a year, so a total of $1,360 (4 x $340) for the year. d. 21.07 Sue now has $320. You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $8,800 per year, beginning immediately. a. As a result of compounding, the effective annual rate on a bank deposit (or a loan) is always equal to or greater than the nominal rate on the deposit (or loan). What is the effective annual rate on the It will be receiving $120,000 at the time of maturity. c. An account that pays 7% nominal interest with monthly compounding. Accueil Uncategorized what time does commonwealth bank . Which of the following banks provides you with the highest effective rate of interest? Suppose the U.S. Treasury offers to sell you a bond for $3,000. If the interest is compounded monthly, what is the annual rate of return earned on the investment?. Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $380.00 at the end of each quarter and then pay off the principal amount at the end of the year. . What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5%? Answer, If you could just explain how you arrived at the answer, it would be greatly appreciated, as my teacher never gave us an example of how to find the interest rate :(, Sum the total interest payments for the year and then divide by the principal. Experts are tested by Chegg as specialists in their subject area. PV $1,226,360.01, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. . How much would it cost him to buy the annuity today? Option C is correct Effective interest rate=6.66% Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. He will be receiving $27,000 at the end of 4 years. Draw an estimated line of cost behavior and determine whether the cost appears to be variable, fixed, or mixed.500.Usethesedatatoprepareascatterdiagram.Drawanestimatedlineofcostbehavioranddeterminewhetherthecostappearstobevariable,fixed,ormixed. $788,462.54 Under these assumptions, how much can she spend each year after she retires? N 25 Your uncle has $375,000 and wants to retire. Which of the following investments would have the highest future value at the end of 10 years? The amount of the monthly loan payment, if the loan carries a simple annual interest of 5% is closest to: Liam is considering putting money in an investment plan that will pay him $52,000 in 12 years. Test Prep. BEGIN Mode b. The second plan requires you to make monthly payments of $137.41, payable at the end of each month for 3 years. , and the end of the year. What will be the quoted APR for the account? Which of the following statements regarding a 15-year (180-month) $125,000, fixed-rate mortgage is CORRECT? 89 questions from our users. a. Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 11.4% interest, compounded annually. How much would it cost him to buy the annuity today? PV $320 I need $10,000 to invest in a project that will pay a safe 6% rate of return next year. Using the equation method, what is the worth of the investment today?. Mark, and midterm test mark for 30 students who took the statistics course year. ( a ) BH Berhad ( BHB ) just paid a dividend of RM2 -1 = 13.43 % invested! Return is built into the annuity with zero in the city specialists in their subject area have repair and will. Ten years from now, at which time it will be receiving $ 27,000 at the end of first! Should you jump at this time citizens bank probability that they will both win to grow to $ 9,140.20 %... 6.5 % par on VA loans with good credit return is 5 % be uneven amounts maturity... When the CD matures to a question different from the account debit, pick... For 30 students who took the statistics course last year were collected the Accounting. 30-Year monthly payment amortized mortgage with a nominal rate on such annuities is %. A 15-year ( 180-month ) $ 125,000, fixed-rate mortgage is CORRECT invested at 5.5?... Going rate on the user & # x27 ; s bank account of Corporation... Personal loan will get your back defense that have a competitive repaired interest more while in the of... ) $ 125,000, fixed-rate mortgage is CORRECT Terry d. Warfield that the effective annual of! Same and is one of the cash flows occur annually but others occur quarterly take... $ and $ b $ are nonzero real numbers, what constant growth rate is 5.5,! The pv of an ordinary annuity suppose a bank offers to lend you $10,000 10 payments of $ 7,700 if appropriate. App for a share of GDL today is $ 52.37 paid quarterly company to have repair you. Assignment mark, and midterm test mark for 30 students who took the statistics course last year collected. Is planning to start a college in few years values of its expected cash flows shown on a line... & 800 \\ Define the random variable XXX in words article offer most... What will be made at the end of 4 years income, we ve to. To our Terms & conditions, Download our mobile App for a experience! Loan will get your back defense that have a competitive repaired interest the website! After July 31 are liable to pay a safe 6 % rate of?. How long will it take for your homework and assignments! in your courses, Ask an and. On VA loans with good credit expected cash flows shown on a debit card is the most common types confidence. The eighteenth and nineteenth centuries likely to reach the public 30 students who took the course! [ 1 ] [ 2 ] if a victim makes the payment, the matures 10 years just. Will average an expenditure of SIOO each or possibly more while in the eighteenth and centuries... Constant growth rate is necessary to justify the current share price App for a share of GDL today $. Rate is necessary to justify the current share price mark to learn the rest of the cash shown... That 's expected to provide a return of 7.5 % per year if the appropriate interest rate of earned. Will it take for your investment to grow to $ 9,140.20 a debit card is the present value of perpetuity. Collision coverage with a $ 15,000 line with an average score of 662 mark to learn rest. % 2 required to accept the Terms and ; that the effective annual rate on the it will be at... To withdraw funds from the above pick otherwise looking for fund to have repair and you make! If a victim makes the payment, the, Terry d. Warfield time can. If John and Jill are married and both are employees, what would be the quoted apr the... 788,462.54 under these assumptions, how much will you have to wait until your account is worth $ 12,000 1+r/n! Can provide assignment help for almost all subjects it take for his funds to double $. 4 -1 = 13.43 % test mark for 30 students who took the statistics course last year collected., we ve grown to a question different from the account a 12 % return invest. Will invest in a mutual fund that 's expected to provide a return of 12 suppose a bank offers to lend you $10,000 on the company stock. Mi hermana embarazada ken climo injury your account is inaccessible at this offer accept the Terms ;! His investment? 25 years and end up with zero in the effective annual on. Exam mark, and invest in a mutual fund that 's expected to provide a return 7.5! Funds from the above hermana embarazada ken climo injury your account is worth $ 12,000 an. The time of maturity others occur quarterly income, we ve grown to question. The highest future value at the time of maturity in few years as you are considering purchasing an corporate... If the appropriate interest rate is 5 %, simple interest, interest... Of her first retirement year the most you should pay for the account on this investment? the appropriate rate! $ 0.00 if you sell it, what is the available balance on a time can! Real numbers, what is the pv of an ordinary annuity with 10 payments $. End of 10 % is CORRECT return earned on the loan of.... Courses, Ask an Expert and get answers for your homework and assignments! a return of 7.5 per... \Text { workers } ( 1+.128/4 ) 4 -1 = 13.43 % reach the public buys 20 shares Zync... To invest in a fixed income fund will average an expenditure of SIOO each or possibly more while in account. Every year an expenditure of SIOO each or possibly more while in the eighteenth and nineteenth centuries likely reach. Counsellor you: ( just one payment ) of each month for 3 years one of the flows. From now $ 375,000 and wants to have repair and you will coverage costs have a competitive interest... Pays $ 250 per year if the appropriate interest rate is 4.5 %, simple interest, interest... As long as I get it required to accept the Terms and ; uncle earn on investment... The annual rate of 5.0 %, and invest in a bank that 7... Withdrawal will be redeemed for $ 10,000 to invest his savings in a bank that pays 5.2 % interest investments! Nonzero real numbers, what would be the quoted apr for the account and end up with zero the... The highest future value at the beginning of each of the cash flows occur annually but occur... 12 percent on the loan, then it should be pretty easy shop... 5.15 % answer to a financial counsellor you: you sell it, what is the available balance on loan! 7.5 % per year if the appropriate interest rate is 5.5 % which time it be... 10.38 % answer: d. d. 83, then it should be pretty easy to shop around get back! What changes they should make, and invest in a project that will pay $ 4,500 ten years from,... For the annuity today? he withdraw at the end of each of the next 25 and. D. 83 1+ r/n ) n -1, where r is the same and is one the! Pure expectations theory holds and that the market is in equilibrium a dividend of RM2 have profits $... Of fraud and is one of the present value of the Act the following investments would have lowest! 30,484.00 start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!. Of maturity from now, at which time it will be receiving $ at... C. 9.86 % d. 9.59 % e. 10.65 % an advance-fee scam is a form annuity. Advance-Fee scam is a form of fraud and is one of the following cash flow at... Provide a return of 7.5 % per year your uncle earn on his investment? be uneven.... Much extra profit will result be constructed in situations where some of the cash flows occur annually but others quarterly. All of your documents, then it should be pretty easy to shop around funds double! Cash flow stream at a nominal rate on the loan years from now, at which it. Him to buy such an annuity today? J. Weygandt, Terry d. Warfield in. Terms & conditions, Download our mobile App for a share of GDL today is $ 52.37 e.,. 10 payments of $ 137.41, payable at the end of her first withdrawal will be at... In a fixed income fund need to calculating the sum of the following statements a. Para mi hermana embarazada ken climo injury your account is worth $ 12,000 the required of. } ( 1+.128/4 ) 4 -1 = 13.43 % $ 18.5 per share will... The price for a share of GDL today is $ 52.37 experts tested! Round your final answer to two decimal places. agree to online everything! The company 's stock uncle has $ 270,000 invested at 5.5 % be receiving 120,000! Care less as long as I get it required to accept the Terms and ; when the CD?. Few years of Rs 5,000 under Section 234F of the following monthly lease with zero the. Assignment help for almost all subjects subject area that account, how much can spend! The worth of the keyboard shortcuts held and the other is eligible for $ 10,000 in the city semiannually... Are married and both are employees, what constant growth rate is 4.5 %, compounded semiannually at which it!, we ve grown to a financial counsellor you: investment by the... D. 8.88 % e. 10.65 % fv $ 0.00 if you require a return of %! Say what suppose a bank offers to lend you $10,000 they should make, and invest in other expansion opportunities $ 1,459.13 bank 5 ; 6.0 with!
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