How much will your collection be worth

Assignment Help Financial Management

Reference no: EM132020205

Your coin collection contains 54 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2058, assuming they appreciate at an annual rate of 6.1 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Value of collection $__________

Reference no: EM132020205

Questions Cloud

What is the effective annual rate on this loan : What is the effective annual rate on this loan?

At what price does the bond sell : At what price does the bond sell? What will happen to the bond price if the yield to maturity falls to 6.1%.

How long will you wait from now : You expect to receive $28,000 at graduation in two years. You plan on investing it at 9.75 percent until you have $163,000. How long will you wait from now?

What was the annual percentage increase in winner check : If the winner’s prize increases at the same rate, what will it be in 2048? What was the annual percentage increase in the winner’s check over this period?

How much will your collection be worth : How much will your collection be worth when you retire in 2058, assuming they appreciate at an annual rate of 6.1 percent?

What are the npv and irr of the replacement project : What is the net cash flow at the time 0 if the old equipment is replaced? What are the NPV and IRR of the replacement project?

Best way to select project that has resource restrictions : What is the best way to select a project that has resource restrictions? Explain.

Identify the type of the planned acquisition : Identify the type of the planned acquisition in the above case and outline any three advantages that might accrue to springs ltd out of such combination

What relationship the nvp have with the irr : In what ways can the IRR make you give a flawed decision and what relationship the NVP have with the IRR?

User Account

All Pages