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Annuity/Retirement A. If you deposited the following amount per month (letters in your last name X $80) from your paycheck from the time you graduate from school until you retire (at age 75) and your employer contributed an extra 6%, how much wealth would you have accumulated? (Be sure to include your age when you graduate). The annual interest rate you will earn should be = letters in your first name X 1.10%. B. Based on your final answers to A above, what would your retirement income be once you retired if you a. earned 5.5% and only lived off the earnings (did not draw down the principle-every month you took out the interest and left the initial amount to earn the same amount of interest-think simple interest) b. earned 5.5% and created an annuity to last until you were 90 years old (this means that by age 90 your balance should be equal to zero)
An instrument may be negotiated even though:
A 1,000 par value 7% annual coupon bond with 10 years to maturity is currently selling for 700. Compute the yield to maturity.
The Walgreen Corporation is contemplating a new investment that it plans to finance using one-third debt. the firm can sell new $1000 par value bonds with a 15 year maturity at a price of $947 that carry a coupon interest rate of 12.8 percent that is..
Sole proprietorships have all of the following advantages except easy to set up. single taxation of income. Limited liability. Owner ship and control are not separated.
Calculating yields. Assume you purchased a corporate bond at its current market price of $850 on January 2, 2002. It pays 9 percent interest and it will mature on December 31, 2011, at which time the corporation will pay you the face value of $1,000.
What is the price of a U.S. Treasury bill with 100 days to maturity quoted at a discount yield of 1.40 percent? Assume a $1 million face value.
Thornley Machines is considering a 3-year project with an initial cost of $720,000. The project will not directly produce any sales but will reduce operating costs by $410,000 a year. The equipment is depreciated straight-line to a zero book value ov..
Calculate the total finance charge and annual allocation of finance charge
What three financial statements help the manager monitor a firm's performance? What can the balance sheet tell the firm about its assets and financial structure? What's the difference between an ordinary annuity and an annuity due?
What is the current value of a $1,000 par value perpetual bond to an investor who requires a 10 percent annual rate of return? The perpetual bond pays inter- est at the rate of 8 percent per year. Cellular International zero coupon bonds (par value $..
A pawnshop will lend $6,250 for 45 days at a cost of $30 interest. What is the effective rate of interest?
Mortgage interest on your personal residence is tax deductible but rental payments are not. Is this fair to renters? Should rental payments be tax deductible? Or should mortgage interest be non-deductible?
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