Reference no: EM13767596
1. Finding the required interest rate
Your parents will retire in 20 years. They currently have $320,000, and they think they will need $2,500,000 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.
2. Time for a lump sum to double
If you deposit money today in an account that pays 6% annual interest, how long will it take to double your money? Round your answer to two decimal places.
3. Present and future values for different periods
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Round your answers to the nearest cent.
An initial $700 compounded for 1 year at 10%.
$
An initial $700 compounded for 2 years at 10%.
$
The present value of $700 due in 1 year at a discount rate of 10%.
$
The present value of $700 due in 2 years at a discount rate of 10%.
|
Future value for various compounding periods
: You borrow $240,000; the annual loan payments are $36,552.05 for 30 years. What interest rate are you being charged? Round your answer to two decimal places. Find the amount to which $300 will grow under each of these conditions:
|
|
The intrinsic and extrinsic factors
: Economic and technological disparity between the developed world and developing countries.
|
|
Opening journal entries for the transactions
: The following information relates to Old McDonalds Ltd for the month of January, 2014:
|
|
The purpose of the term project is to explore an it
: The purpose of the term project is for you to explore an IT topic of your choice. You may choose any IT topic, subject to instructor's approval.
|
|
Finding the required interest rate
: Your parents will retire in 20 years. They currently have $320,000, and they think they will need $2,500,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer..
|
|
What sarbanes oxley means to you
: Read the article Governance in the Spotlight: What Sarbanes Oxley means to You. In this article the author outlines provisions companies are now required to implement
|
|
What is its degree of operating leverage
: Finance Corp has fixed costs of $7 million and profits of $4 million. What is its degree of operating leverage (DOL)?
|
|
Keeping inventory-and profits- off the discount rack
: In Keeping Inventory-and Profits- Off the Discount Rack, the Zara strategy is explored more in depth. Use this article for an article review. In your review, discuss how this problem or issue impacts supply chain performance.
|
|
List two characteristics of real and intellectual property
: List two characteristics each of real, intellectual, and personal property. Do owners of real, intellectual, and personal property each have the same rights under the law? List how each type of property is treated under the law
|