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Finding Interest Rates & Lump Sum to Double
a. Your parents will retire in 26 years. They currently have $290,000 saved, and they think they will need $1,700,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places. ______%
b.If you deposit money today in an account that pays 9% annual interest, how long will it take to double your money? Round your answer to two decimal places. _________ years.
Your assignment this week is to analyze current financial ratios for a given business. Think of a specific business you find interesting, i.e. Apple, UTC, Southwest Airlines, etc. Search the web for that business’ “Financial Statement”. (You will fin..
Suppose you have just inherited $10,000 and are considering the following options for investing the money to maximize your return: Put the money in an interest-bearing checking account, which earns 2%. The FDIC insures the account against bank failur..
Jack's Construction Co. has 100,000 bonds outstanding that are selling at par value. The bonds yield 8.7 percent. The company also has 3.2 million shares of common stock outstanding. The stock has a beta of 1.3 and sells for $20 a share. The U.S. Tre..
Describe a healthcare organization’s investment project scenario of your own choosing, provide all relevant data, calculate and complete an NPV analysis, showing all calculations, and then interpret the result, ultimately advising whether the project..
What is the traditional gold standard, how does it differ from our current monetary system, and how does it work to resolve trade imbalances? Give an example. What are the advantages to being on a gold standard and what are the drawbacks? What is the..
A firm has an outstanding issue of 1,000 shares of preferred stock with a $100 par value and an 7 percent annual dividend. The firm also has 15,000 shares of common stock outstanding. If the stock is cumulative and the board of directors has passed t..
Consider a four-year project with the following information: initial fixed asset investment = $550,000; straight-line depreciation to zero over the four-year life; zero salvage value; price = $26; variable costs = $18; fixed costs = $190,000; quantit..
At a constant interest rate of 15%, compounded annually, what is the present value of an income stream paying $50 next quarter and growing at 2% per quarter until the end of the third year? From that point on it grows at 1% per quarter indefinitely.
Boyd Company sold a futures contract (one) on Treasury bonds that specified a price of 93-00. When the position was closed out, the price of the Treasury bond futures contract was 94-20. Did interest rates increase or decrease? How do you know? What ..
A portfolio is comprised of two stocks, C and D. The expected return of the portfolio is 12%, the expected return of the market is 10%, and the risk free rate is 1.5%.Stock C’s beta is 1.2 and Stock D's beta is 0.9. What are the weightings of Stocks ..
Scare Train, Inc. has the following balance sheet statement items: current liabilities of $780,940; net fixed and other assets of $1,537,030; total assets of $3,424,010; and long term debt of $676,468. What is the amount of the firms’ net working cap..
Suppose that a firm has common stock that currently trades for $54.65 in the marketplace, paid an annual dividend last year of $3.25, and has flotation costs of 13.13%. Also, the firm in question had this year $105 million in EBIT, $25 million in int..
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