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Bob invested $2,000 in an investment fund on his 21st birthday. The fund pays 7% interest compounded semiannually. Bob is celebrating his 50th birthday today. Bob decides he wants to retire on his 60th birthday and he wants to withdraw $75,000 per year, the first withdrawal on his 60th birthday and the last withdrawal on his 90th birthday. Bob expects to receive $100,000 from his employer on his 55th birthday in recognition of his long service to the company. Assume Bob has not taken any money out of his investment fund since he initially funded it on his 21st birthday, and that he will deposit the $100,000 from his employer into the investment fund on his 55th birthday. The investment fund will be used to pay for Bob's retirement. If Bob makes no additional deposits into his investment fund, how much will be available for retirement at age 60? Since the amount in (a) is insufficient to meet his retirement goals, Bob decides to deposit equal annual amounts into the investment fund beginning on his 51st birthday and ending on his 59th birthday, so that he can meet his retirement goals. How much will each deposit be?
Super Sonics Entertainment is considering buying a machine that costs $670,000. The machine will be depreciated over five years by the straight-line method and will be worthless at that time. The company can lease the machine with year-end payments o..
For the next 8 years, you decide to place $4454 in equal year end deposits into a savings account earning 9.85 percent per year. How much money will be in the account at the end of that time period?
Xyz has been sue for patent infringement. the common stock which currently sells for 0.50/share will rise to $3, or will become worthless, depending on the outcome os the trial. if you believe that there is a 50-50 chance of bankruptcy, what is the e..
What is penetration pricing? Provide an example of a company that has used penetration pricing to introduce a new product. What was the product? Brainstorm five creative ways for a small business with a low budget to advertise and promote its product..
Pueblo Corp. is considering relaxing its credit standards to encourage more sales. As a result, sales are expected to increase 15% from the current level of 300 units per year. What is the cost of marginal investments in accounts receivable under the..
Is there a connection between the Fed's balance sheet having doubled and the large increase in bank reserves at the Fed? Briefly explain.
A project costs $10,000 to pursue today and generates pre-tax cost savings of $1,500 per year for the foreseeable future. The marginal tax rate is 35%. The project also requires an initial NWC investment of $300 which will not be required. If the req..
Oil Wells offers 6.5 percent coupon bonds with semiannual payments and a yield to maturity of 6.94 percent. The bonds mature in seven years. What is the market price per bond if the face value is $1,000?
An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 16% and a standard deviation of return of 20.0%. Stock B has an expected return of 12% and a standard deviation of return of 5%. The expected ret..
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,400,000, $140,000 in the common stock account and $2,650,000 in the additional paid-in surplus account. What was the firm’s operating cash flow during 2014?
It is projected that a firm’s next four annual dividends will be $0.50, $1.00, $1.50, and $1.75. After the fourth dividend, dividends are expected to grow at a constant annual rate of 7%. Assuming that the required rate of return for the stock is 16%..
Describe the main differences between the three main forms of business organization (individual ownership, partnership and corporation)
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