How much is in the account after the final payment

Assignment Help Financial Management

Reference no: EM131829014

1. Payments of $4,275 are made into an account (at the end of each period) for three periods. If the account earns 21% per period, how much is in the account after the final payment?

2. You are renting an apartment with a market price $110000, and the current market interest rate per month is 0.8%. What would be a "fair" non-profit monthly rent in dollars for such apartment (provided that you live forever and make your rent payments on time each month)? Additionally, name three main reasons why your landlord would probably ask you for a much higher rent.

Reference no: EM131829014

Questions Cloud

Mid-sized energy firm : Wally Manaugh, CFA, has recently been working on a research report covering BriteCo, a mid-sized energy firm.

What steps did General Electric take to free up cash : The August 31, 2009, issue of the Wall Street Journal includes an article by Serena Ng and Cari Tuna entitled "Big Firms Are Quick to Collect, Slow to Pay."

Discuss both the financial and nonfinancial factors : Emilio and René Santos own Club Fandango. From its inception, Club Fandango has sold merchandise on either a cash or credit basis.

Write steps to improve the company ability to pay bills : Chien Corporation is a recently formed business selling the "World's Best Doormat." The corporation is selling doormats faster than Chien can make them.

How much is in the account after the final payment : If the account earns 21% per period, how much is in the account after the final payment?

Determining the Mendez Corporation growth rate : Should the controller be concerned with Mendez Corporation's growth rate in estimating the allowance? Explain your answer.

What would be fair non-profit monthly rent in dollars : What would be a "fair" non-profit monthly rent in dollars for such apartment (provided that you live forever and make your rent payments on time each month)?

What is the company days sales in receivables : Assuming 72 percent of sales are on credit, what is the company's days' sales in receivables?

Examine the features of your present credit card : Examine the features of your present credit card. (If you do not have a credit card, select a likely one online for this exercise.)

User Account

All Pages