Reference no: EM131716716
Questions:
Q1. Your grand-mother puts $1,000 per year in a TD Bank account for you. She started doing this ten years ago to save for a big graduation trip after completion of high school and before starting university. Money is worth 10%. How much is sitting in the TD bank account as of now? Please round to the nearest whole number.
$15,937
$25,937
$10,000
$6,147
$38,550
Q2. Fred Flintstone is planning to retirement in the next ten years, he has estimated that he requires $200,000 on the date of retirement. Bedrock Bank has a special retirement package in which if you can investment a semi-annual fixed payment for the next 10 years at 12%. How much will Fred need to invest for the next 10 years so he will get $200,000 at retirement? (rounded to 2 decimal places)
$ 5,734.20
$ 17,436.94
$ 5,436.91
None of the other alternatives are correct
$ 15,173.59
Q3. The Toronto Cancer Society needs $70,000 for the purchase of a new cancer treatment piece of equipment in four years. If The Toronto Cancer Society is able to deposit $47,811 at the beginning of this year, what rate of interest - compounded annually - must The Toronto Cancer Society receive to fund the purchase of this piece of equipment in four years?
9%
10%
8%
11%
7%
Q4. In four years Allan Chu plans to enroll in the masters program at York University. He estimates that tuition will be $40,000 and living expenses will be the same amount. His best investment opportunity is paying 6% compounded semi-annually. How much must Allan invest now to have sufficient funds to cover his education?
$36,590.30
$63,152.80
None of the above
$37,770.22
$66,128.44
Q5. You need $150,000 five years from now to be able to pay off your mortgage. If you are earning 8% interest on your money at the bank. How much do you need to invest at the end of each year, so that at the end of the fifth year you are able to pay off your mortgage?
$50,000
$25,568
$16,279
$102,089
None of the other alternatives are correct
Compute depreciation expense on the machine for the year
: Compute depreciation expense on the machine for the year ending December 31, 2017, and the year ending December 31, 2018
|
Small starting branch in johannesburg
: Located in New York and with a small starting branch in Johannesburg, Falls Engineering is a US$250 million chemical and materials operation employing.
|
Team leadership impact the hospital setting
: Submit one or two paragraphs that describe the topic and your rationale for choosing the topic.
|
Toyota struggles with organizational structure
: Define organizational structure and its basic elements. Describe matrix, boundaryless, and learning organizations.
|
How much will fred need to invest for the next years
: How much will Fred need to invest for the next 10 years so he will get $200,000 at retirement? (rounded to 2 decimal places)
|
Discuss stephanie attends a state school in iowa
: Stephanie attends a state school in Iowa. Seeing a blond-haired, tanned guy walking around campus, she assumes that he must be from California
|
How a lack of passion and resolve can kill a business
: How a Lack of Passion and Resolve Can Kill a Business prim's idea was to disrupt the laundry industry. A growing number of people in the United States.
|
What are journalists perfect duties
: What are journalists' perfect duties? What is journalistic ethics? How good journalism can harm? What is the journalists' creed?
|
Promoting target market
: Please describe the message that you will be promoting to your target market, the aspects of adaptation you will need to incorporate
|