How much must bob put in the bank quarterly

Assignment Help Finance Basics
Reference no: EM132154673

Bob wants to buy his grandson a Ford Taurus in 4 years. The cost of the car is $28,000. Assuming a bank rate of 4% compounded quarterly, how much must Bob put in the bank quarterly?

Reference no: EM132154673

Questions Cloud

Classify the bus types and write out power-flow equations : Use j0.1 as the transmission line impedance for the three lines - Classify the bus types and write out the power-flow equations
List the procedure a system administrator would follow : List the procedure a system administrator would follow for increasing the size of the /home partition by replacing the disk currently being used.
What is the expected return on portfolio z : According to the capital asset pricing model, what is the expected return on Portfolio Z?
Give regular expression for the given statements : All lines that contain the word ‘index' followed by any odd number/digit followed by any even number/digit (ignore 0's).
How much must bob put in the bank quarterly : The cost of the car is $28,000. Assuming a bank rate of 4% compounded quarterly, how much must Bob put in the bank quarterly?
Years from now to attend college : Bill needs $40,000 6 years from now to attend college. How much must Bill put in the bank every three months (8% compounded quarterly) to reach his goal?
What would be the twos complement representation : What is the range, in decimal, of signed integers that can be represented? For full credit, explain your answer.
Compute the payback period in years : The total cash inflow is expected to be $22,000 or an average of $4,400 per year. Compute the payback period in years.
Pros and cons of buying a new or used car : What are the pros and cons of buying a new or used car. explain in detail using your own words

Reviews

Write a Review

Finance Basics Questions & Answers

  Prepare the statement of retained earnings for year ended

Prepare the statement of retained earnings for the year ended December 31, 2015.

  Paragraph to eliminate negative language

Revise the following paragraph to eliminate negative language. We cannot issue a full refund at this time because you did not enclose a receipt or an authorized

  Preferred stock is paying an annual

A share of preferred stock is paying an annual dividend of $5. What is the price of the preferred stock if the required rate of return is 11%?

  How much is a share of cliff corp stock worth today

Cliff Corp. currently pays no dividends, but plans to begin paying a constant dividend of $3.00 per share in five years. If the appropriate discount rate.

  What is the percentage increase in eps

Dexter's is an unlevered firm with a total market value of $348,000 with 20,000 shares of stock outstanding. The firm has expected EBIT of $27,500.

  Find current value of feinstein breweries common stock

Feinstein's Breweries currently (d0) pays a $1.00 common stock dividend. Dividends have been recently growing at a 10 percent annual rate and are expected.

  How many miles north and how many miles east from the harbor

A boat leaves the entrance of a harbor and travels 57 miles on a bearing of N 11° E. How many miles north and how many miles east from the harbor has the boat traveled?

  Is he liable as an indorser why or why not

He contended that the check had not been dishonored within the time allowed by law. Is he liable as an indorser? Why or why not? Can you please go into detail as the wording of this question throws me off a little bit.

  What is the operatng cash flow

Ranny, Inc. has sales of $14,900, costs of $5,800, depreciation expense of $1,300, and interest expense of $780. If the tax rate is 40 percent, what is the operatng cash flow, or OCF?

  Calculating the present value of a bond

calculating the present value of a bond)  If a corporate bond with a face value of $1,000 has 24 years to go until it matures, has a coupon interest rate of 5.7% and a yield to maturity (YTM) of 4.201%, what should be its price in the bond market (ie..

  Does this evidence suggest that the mean weight is too low

A food processor specifies the mean weight of a product as 200 g. A random sample of 20 has a mean of 195 g and a standard deviation of 15 g. Does this evidence suggest that the mean weight is too low?

  When should the company make the payment

The company expects the exchange rate for the euro to decline to 1.2030 prior to the account's due date. When should the company make the payment?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd