How much will you have just after you make

Assignment Help Financial Management
Reference no: EM132052672

Question

You want to buy a new old boat 2 years from now, and you plan to save $7,000 per year, beginning one year from today, you will deposit your savings in an account that pays 6.2 % interest, how much will you have just after you make the 2nd deposit, 2 years from now?

Reference no: EM132052672

Questions Cloud

What amount must you deposit today : If you want to accumulate a fund of $35,000 to pay for your daughters 1st year of education that will take place in 18 years.
What is your payment towards the principal : The repayment is done in equal installments every two weeks, so that there are 26 payments in a year. The special term of the mortgage is 10 years.
The annualized cost of this firms hybrid security capital : The security was issued three years ago at $40/security. The price is currently $42/security. It pays a semiannual dividend of $2.00/security.
What would be the monthly loan payment : The loan would be fully amortized over 6 years (72 months), and the nominal interest rate would be 3 percent, with interest paid monthly.
How much will you have just after you make : You will deposit your savings in an account that pays 6.2 % interest, how much will you have just after you make the 2nd deposit, 2 years from now?
How much do you have to pay to the dealer : You want to buy a new car. The car you picked will cost you $32,000 and you decide to go with the dealer's financing offer of annual 5.9%.
Find the bonds price today and six months from now : You want to buy a Disney bond with two years until maturity and a coupon rate of 9.50% per year, paid semiannually.
How much money should you put in a saving account today : If you want to have $361,163 in 6 years. How much money should you put in a saving account today?
How much will you have when you retire : At the end of each year for the next 60 years and earn an 11% annual rate of return on the investment, how much will you have when you retire?

Reviews

Write a Review

Financial Management Questions & Answers

  How much money will traders need to invest into stock

Traders Inc Has $15,000 to invest in an equity portfolio. Your choices are XYZ Stock with an expected return of 14% and Stock ABC with an expected return of 8%. Assume your goal is to create a portfolio with an expected return of 11.55%. How much mon..

  What is the total debt ratio

For 2017 your corporation has current assets of $6,120, net fixed assets of $31,720, What is the total debt ratio for 2017?

  What is the open interest on this exchange

Imagine only 1 stock trades on an exchange with 10 traders that buy and sell. The share price of the stock is $150 with 10 million shares outstanding. Five trades sell 1 options contract each at $4 per option contract. What is the market value of the..

  Is there an arbitrage profit opportunity here

Suppose that you noticed the following prices: P=$48; S=$4; X=$50, for a one year European put option. The simple risk-free interest rate is 10% per year. Is there an arbitrage profit opportunity here? Yes or no?

  Standard deviation of portfolios return using the weights

The expected return of security A is 20% and that of security B is 10%. Also, the standard deviation of security A is 4% and that the standard deviation of security B is 2%. The correlation coefficient between A and B is 0.0. What is the expected ret..

  What are your put options worth-what is your net profit

If, at expiration, the stock is selling for $36 per share, what are your put options worth? What is your net profit?

  What is the stock price of hde closest to today

Given that the appropriate effective discount rate is 7.0% p.a., what is the stock price of HDE closest to today?

  Projected external capital requirements

Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain of retail stores, and has a staff to advise customers and help them set up their new computers. If sales are projected to..

  Calculate the future value of this ordinary annuity

You decide to begin saving towards the purchase of a new car in 5 years. If you put $1,000 at the end of each of the next 5 years in a savings account paying 6% compounded annually, how much will you accumulate after 5 years? Calculate the future val..

  Needed to purchase one new share of stock in this offering

A.K. Stevenson wants to raise $40 million through a rights offering. The subscription price is set at $40. Currently, the company has 2.4 million shares outstanding with a current market price of $43.96 a share. Each shareholder will receive one righ..

  Compute modified duration and modified convexity

Compute the duration and convexity of the bond. Compute modified duration and modified convexity.

  Discuss impact of things like just-in-time inventory systems

Discuss the impact of things like just-in-time inventory systems

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