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(a) Suppose you invest $500.00 in a fund earning compound interest at 5%. Three years later you withdraw the investment (principal and interest) and invest it in another fund earning 6% simple discount. How much time (INCLUDING THE THREE YEARS earning compound interest) will be required for the original $500.00 to accumulate to $750.00? (two decimal places)
(b) On July 1, 2005 John invests $1,000 in a fund earning simple interest at 3%. On July 1, 2006 John liquidates this investment and invests the proceeds in a fund earning 4% annual compound interest. On January 1, 2008 John liquidates this investment and invests in another fund earning an annual simple discount rate Q . July 1, 2008 the balance is $1,106.24. Find Q
(c) An account is governed by compound interest. The interest for 6 years on $600 is $100. Find the amount of discount for 3 years on $1500.(nearest cent)
(d) Suppose money grows at an annual rate of 0.049% simple interest. How much is needed to invest at time t = 3 to have $313 at time $$t=6?
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Luther Industries has 25 million shares outstanding trading at $18 per share. In addition, Luther has $150 million in outstanding debt. Suppose Luther's equity cost of capital is 13%, its debt cost of capital is 7%, and the corporate tax rate is 40%...
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DLQ Inc. bonds mature in 12 years and have a coupon rate of 6 percent. If the market rate of interest increases, then the
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The Cement Corp is planning to replace an existing assembly with a more modern version. the old equipment was purchased 5 years ago for $500,000 and depreciated to a zero value over the 5 years. If the cost of capital is 16% and the tax rate is 40%, ..
McGilla Golf has decided to sell a new line of golf clubs and would like to know the sensitivity of NPV to changes in the price of the new clubs and the quantity of new clubs sold. The clubs will sell for $900 per set and have a variable cost of $500..
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