Reference no: EM132981829
Questions -
Q1. You currently have $60,000 in your bank account and you will need a total of $100,000 in 7 years to pay for a down payment on a house. What interest rate do you need to earn in order to have $100,000 in your bank account 7 years from now? Enter your answer as a percentage rounded to 2 decimal places. Do not include the percentage sign in your answer.
Q2. Suppose you will receive payments of $12,000, $1,000, and $17,000 in 1, 4, and 9 year(s) from now, respectively. What is the total future value of all payments 11 years from now if the interest rate is 2%?
Q3. You have just received an inheritance of $5,700. If you deposit the $5,700 into a savings account that earns an interest rate of 7%, compounded annually, how much will you have in the savings account after 18 years?
Q4. Suppose you take out a car loan that requires you to pay $8,000 now, $5,000 at the end of year 1, and $6,000 at the end of year 2. The interest rate is 3% now and increases to 10% in the next year. What is the present value of the payments?
Q5. If you invest $7,000 into a savings account at an annual interest rate of 9%, compounded continuously, how much will you have in the savings account after 10 years?
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What is the cost of the equipment
: Wildhorse Company incurs the following costs in purchasing equipment: invoice price, $40,900; shipping, $925; What is the cost of the equipment
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Record the entries for April
: On April 14 and 25, bonds with a face value of $890,000 and $360,000, respectively, were issued at par. Record the entries for April 14, 25, and 30
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What is the total amount that Marina must now pay
: What is the total amount that Marina must now pay in order to pay off her the loan, accounting for interest? What is the total amount of interest paid
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What is its cash flow from operations
: A net financing outflow of $10,000 and a net increase in the cash balance of $30,000. What is its cash flow from operations
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How much will you have in the savings account
: If you invest $7,000 into a savings account at an annual interest rate of 9%, compounded continuously, how much will you have in the savings account
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Post the transactions into three column ledger accounts
: Returned some materials to Chong Printing Bhd due to incorrect specifications, RM2,000. Post the transactions into three column Ledger Accounts
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Determine the ending inventory
: Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost)
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What will happen if the cost of capital changes
: The mill expects to make $6,000,000 in revenue in the first year. What will happen if the cost of capital changes by 5% upward and downward
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Determine the consolidated gross profit
: For the current year, TWINKLE sold goods to Gen for P250,000 at a 40% BUFF-up. Determine the consolidated gross profit
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