How long will you wait from now

Assignment Help Financial Management

Reference no: EM132020207

1. You expect to receive $28,000 at graduation in two years. You plan on investing it at 9.75 percent until you have $163,000. How long will you wait from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Period ________ years

2. An investment offers to quadruple your money in 36 months (don’t believe it). What rate per year are you being offered? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Rate _________ %

Reference no: EM132020207

Questions Cloud

Compute the costs of carrying inventory : Compute the costs of carrying inventory. Compute the depreciation expense on new plant and equipment.

How much will you have to deposit today : You need $91,000 in 11 years. If you can earn .58 percent per month, how much will you have to deposit today?

What is the effective annual rate on this loan : What is the effective annual rate on this loan?

At what price does the bond sell : At what price does the bond sell? What will happen to the bond price if the yield to maturity falls to 6.1%.

How long will you wait from now : You expect to receive $28,000 at graduation in two years. You plan on investing it at 9.75 percent until you have $163,000. How long will you wait from now?

What was the annual percentage increase in winner check : If the winner’s prize increases at the same rate, what will it be in 2048? What was the annual percentage increase in the winner’s check over this period?

How much will your collection be worth : How much will your collection be worth when you retire in 2058, assuming they appreciate at an annual rate of 6.1 percent?

What are the npv and irr of the replacement project : What is the net cash flow at the time 0 if the old equipment is replaced? What are the NPV and IRR of the replacement project?

Best way to select project that has resource restrictions : What is the best way to select a project that has resource restrictions? Explain.

User Account

All Pages