How much do have in the account six years from now

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Problem 1: You deposit $1,113 in an account that pays 15% with compounding semiannually. How much do you have in the account 6 years from now? Round answer to the nearest dollar.

Problem 2: You are planning for Junior's education. You need $160,000 in 10 years and you plan to meet this need by depositing a fixed amount in your savings account at the end of each year for the next 10 years. How much must you deposit? Assume 6% annual interest. Answer to the nearest dollar.

Problem 3: Last year, Bay Company had 16 million in retained earnings. This year, they generated 25 million in net income. They decide to pay out 40% as a dividend. Find the retained earnings for this year (in M). Answer to the nearest million (For example, enter 2 for 2 million).

Problem 4: A C corporation has after-tax earnings per share (EPS) of $8.00 and the firm pays out 40% of EPS as a dividend. The corporate tax rate is 25%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 35%. How much would an individual receive from the dividend after-taxes? Answer to the nearest penny

Reference no: EM132833203

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