Annuity for a comparable rate of? return

Assignment Help Finance Basics
Reference no: EM131624932

Hank made payments of ?$113 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for ?$99625. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of? return?

Reference no: EM131624932

Questions Cloud

Define ethical interactions among the state actors : What are some relevant statutory guidelines for ethical interactions among the state actors and the business of those respective countries
What is benchmarking : What is benchmarking, and how do you do it? How would you as a healthcare manager utilize this measurement tool?
Financial condition of the organization : Why is the balance sheet important in order to understand the financial condition of the organization?
Prepare a classified balance sheet in good form : Prepare a classified balance sheet in good form, for the year ended December 31, 2014 for Emily's Dress Shop, Inc
Annuity for a comparable rate of? return : He promptly sold it for ?$99625. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of? return?
How much money was invested in the cd? account : The total interest earned after one year is ?$480.00 How much money was invested in the CD? account?
Write an essay about king abdulaziz international airport : Write an essay about the king abdulaziz international airport expansion project in Jeddah, Saudi Arabia.
Determining the corporate governance : Assignment: Financial Reporting: Annual Reports, Form 10-K, Notes, and Corporate Governance
Define tarheels play in the atlantic coast conference : Jeff is an avid UNC-Chapel Hill basketball fan, and drives to the Greensboro Coliseum to watch his beloved Tarheels play in the Atlantic Coast Conference (ACC)

Reviews

Write a Review

Finance Basics Questions & Answers

  Problem on domestic investment portfolios

Do you think investors should try to diversify their domestic investment portfolios by including international assets in it? Why/why not? What is the best way to achieve the benefits (if any) of international portfolio diversification without bear..

  Compute the value of a share of common stock

Compute the value of a share of common stock of a company whose most recent dividend was $2.50.

  Calculate the npv of refunding

The new bonds would be issued when the old bonds are called. Should the bonds be refunded? Calculate the NPV of refunding.

  What is the maximum amount that a firm should consider

What is the maximum amount that a firm should consider paying for a project that will return $12,000 annually for 6 years if the opportunity cost is 12%?

  Deviation and cofficient of variation

Magee Inc.'s manager believes that economic conditions during the next year will be strong, normal, or weak, and she thinks that the firm

  Arguments which would be in defense of mark cuban

Research the Mark Cuban's Insider Trading Scandal and find out what is "insider trading" and why it is illegal. Suggest arguments which would be in defense of Mark Cuban.

  What is the company net income

Recreational Supplies Co. has net sales of $10,815,310, an ROE of 21.06 percent, and a total asset turnover of 3.00 times. If the firm has a debt-to-equity ratio of 1.34, what is the company's net income?

  Find the future value at the end of the deposit period

find the future value at the end of the deposit period, assuming that interest is compounded continuously at the given nominal annualrate.

  What is the amount of the last dividend this company paid

Lamey Headstones increases its annual dividend by 1.5 percent annually. The stock sells for $28.40 a share at a required return of 14 percent. What is the amount of the last dividend this company paid?

  Calculate the present value of a 1000 zero coupon bond

Calculate the present value of a $1,000 zero-coupon bond with five years to maturity if the yield to maturity is 6%.

  Discuss in detail how to calculate net present value

Discuss in detail how to calculate net present value. Why profitability, as a result of a purchase, must equal or exceed cost of capital to be deemed worthy.

  Present value of lump sum-stream of payments

How is present value of lump sum related to he present value of a stream of payments?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd