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How much will accumulate at retirement after years

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Reference no: EM132518026

Question 1: You just graduated and landed your first job in your new career. You remember that your favorite finance professor told you to begin the painless job of saving for retirement as soon as possible, so you decided to put away $3,000 at the end of each year in a Roth IRA. Your expected annual rate of return on the IRA is 7%. How much will you accumulate at retirement after 40 years of investing (note: this may assume that you are even retiring early)?

a. $598,890 b. $447,921 c. $1,088632 d. $590,104

Question 2: What is the value of a bond that matures in 10 years, makes an annual coupon payment of $40, and has a par value of $1,000? Assume a required rate of return of 10%, and round your answer to the nearest $10.

a. $410 b. $490 c. $600 d. $630

Question 3: Use the following information to calculate Under Armour's accounting net income for the year

Credit sales $600,000

Cash Sales 700,000

Operating Expenses. On Credit 600,000

Cash Operating Expenses 400,000

Account Receivable (Beg. Of Year) 20,000

Accounts Receivable (End of Year) 40,000

Accounts Payable ( Beg. Of Year) 50,000

Account Payable ( End of Year) 25,000

Corporate Tax rate 30%

a. $120,000 b. $90,000 c. $210,000 d. $300,000

Question 4: Nike, Inc. is considering a new inventory system that will cost $110,000. The system is expected to generate positive cash flows over the next four years in the amounts of $25,000 in year one , $35,000 in year two, $45,000 in year three, and $30,000 in year four. Nike's required rate of return is 8%. What is the net present value of this project to the nearest ten dollars?

a. $930 b. -$25,000 c. $10,930 d. -$1,800

Reference no: EM132518026

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