Find the present value of these cash flows

Assignment Help Financial Management
Reference no: EM131526688

You have accumulated some money for your retirement. You are going to withdraw $81,452 every year at the beginning of the year for the next 21 years starting from today. How much money have you accumulated for your retirement? Your account pays you 11.21 percent per year, compounded annually. To answer the question, you have to find the present value of these cash flows.

Reference no: EM131526688

Questions Cloud

What is the yield on this five-year corporate bond : What is the yield on this 5-year corporate bond?
What is the optimal hedging strategy for the investor : If the beta of the stock is 1.3, what is the optimal hedging strategy for the investor?
What is the present value of car payments : what is the present value of the car payments?
What is present value of the annuity : What is the present value of the following annuity?
Find the present value of these cash flows : You have accumulated some money for your retirement. you have to find the present value of these cash flows.
The account after you made the last payment : How much money will be in the account after you made the last payment?
What is the present value of cash flow pattern : what is the present value of this cash flow pattern?
What is standard deviation of these returns : What is the standard deviation of these returns?
What is current yield : ABC has issued a $1000 par bond with 15 years to maturity. The bond pays a semi-annual coupon of $47, and a maturity of five years. What is the current yield?

Reviews

Write a Review

Financial Management Questions & Answers

  Differences between risk financing options

Can someone explain to me briefly why is it important for a manager/leader to know the differences between risk financing options

  What is the operating cash flow for project

You are evaluating a project for your company. You estimate the sales price to be $270 per unit and sales volume to be 3,700 units in year 1; 4,700 units in year 2; and 3,200 units in year 3. The project has a three-year life. The tax rate is 40 perc..

  What is the dividend payout ratio

Last year, a firm earned $61,200 in net income on sales of $217,600. The company paid $8,500 in dividends. What is the dividend payout ratio? K Toys just paid its annual dividend of $1.50. The required return is 8 percent and the dividend growth rate..

  Reaction to the collapsing markets for subprime assets

Can someone give some concrete examples of inaction or action by the Bear management team in reaction to the collapsing markets for subprime assets, commercial paper and repos?

  Concerning valuation of life insurance policies-federal tax

Which of the following statements concerning the valuation of life insurance policies for federal gift tax purposes is (are) correct?

  Balance of payments surplus or a balance of payments deficit

Why must the current account balance plus the financial account balance equal zero?- Give an example of a capital inflow in the financial account, as well as an example of a capital outflow.

  Ice cream cart-the expected remaining life of cooling system

It will cost $3,900 to acquire a small ice cream cart. Cart sales are expected to be $3,100 a year for five years. After the five years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. What is the pa..

  What is effective annual interest rate on the loan

What is the effective annual interest rate on the loan? What is the APR of the loan?

  What is the earnings and dividend per share figure

Draiman, Inc., has sales of $600,000, costs of $258,000, depreciation expense of $63,500, interest expense of $30,500, and a tax rate of 40 percent. The firm paid out $43,500 in cash dividends and has 55,000 shares of common stock outstanding. What i..

  What is the flaw in the decision

Inc. decided to discontinue Children's Shoes because it reduced income from operations by $17,000. What is the flaw in this decision, if it is assumed fixed costs would not be materially affected by the discontinuance?

  Sales increase related to new marketing campaign

Mama Italiano Sauce is in the process of preparing a production cost budget for May. Assume the budget will increase to 22,000 jars of sauce reflecting anticipated sales increase related to a new marketing campaign

  Firm is considering developing an apartment complex

Your firm is considering developing an apartment complex. The firm owns land that could be used for the project; it was bought last year for $500,000. Real estate has gone up sharply in the last year: the land could be sold today for $625,000. Fixed ..

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