Lawsuit judgment-what is the current equivalent lump sum

Assignment Help Financial Management
Reference no: EM131010545

After an injury, you win a lawsuit judgment of $3,334 per month starting next month for a total of 43 months. If the interest rate is 8.1% APR compounded monthly, what is the current equivalent lump sum of your settlement?

Reference no: EM131010545

Questions Cloud

Strong form market efficiency : Strong form market efficiency: A. accurately reflects all information, both public and private B. only accurately reflects private information C. reflects only public information D. implies weak form market inefficiency E. implies semi-strong form ma..
What is the projects net present value : East Coast Television is considering a project with an initial outlay of $X. It is expected that the project will produce a positive cash flow of $58,000 a year at the end of each year for the next 13 years. The appropriate discount rate for this pro..
Construct a comparative bar chart : The California Healthy Kids Survey in 1999 and 2001 asked 7th, 9th, and 11th graders in San Luis Obispo County whether they smoked tobacco. In 1999, 6% of 7th graders, 17% of 9th graders, and 23% of 11th graders admitted smoking tobacco while in ..
How did the group make decisions : How did the group make decisions? How did the individual members communicate with one another? What personality factors helped or hindered the performance of the group
Lawsuit judgment-what is the current equivalent lump sum : After an injury, you win a lawsuit judgment of $3,334 per month starting next month for a total of 43 months. If the interest rate is 8.1% APR compounded monthly, what is the current equivalent lump sum of your settlement?
Identifying a policy : You are identifying a policy (it could be a university policy or any other government or institutional policy).  You will give a detailed account of why the policy was created, when it was established, who established it
How many times do you use swear words in conversations : The Chronicle of Higher Education (August 31, 2001) published data collected in a survey of a large number of students who were college freshmen in the fall of 2001. Of those surveyed, 70.6% reported that they were attending their ?rst-choice coll..
How much do you have to invest each month-investment goal : You would like to have $47,436 for the down payment on a house you plan to buy five years after you graduate. If your investments earn 4.9% APR compounded monthly, how much do you have to invest each month, starting next month, to meet your investmen..
What correlations does the article indicate : In your paper, please focus on carefully discussing correlations and causations: What correlations does the article indicate? What causations does the article suggest? Be specific.

Reviews

Write a Review

Financial Management Questions & Answers

  New issue of common stock-the required return

Photochronograph Corporation (PC) manufactures time series photographic equipment. It is currently at its target debt-equity ratio of .63. It’s considering building a new $65.3 million manufacturing facility. If the tax rate is 38 percent, A new issu..

  Calculate the return on invested capital for each firm

Firms HL and LL are identical except for their leverage ratios and the interest rates they pay on debt. Each has $18 million in invested capital, has $5.4 million of EBIT, and is in the 40% federal-plus-state tax bracket. Calculate the return on inve..

  Financial department of delphi consolidated industries

The financial department of Delphi Consolidated Industries (DCI) is just starting a 2-week retreat in the Canadian wilderness. The president of DCI has been approached by an investment banker who has acquired $1,000,000 in DCI bonds in one of his dea..

  Investments-annually in a mutual fund

You invest $3,000 annually in a mutual fund that earns 10% annually, and you reinvest all the distributions. How much will you have in the account at the end of 20 years?

  Negative position implies receivables exceed payables

Kantorovich Company normally takes 30 days to pay for its average daily credit purchases of $2,000. Its average daily sales are $3,000, and it collects accounts in 25 days. What is its net credit position? Note that a negative position implies receiv..

  Annual return on the original purchase price

Over the past few years, Microsoft founder Bill Gates' net worth has fluctuated between $20 billion and $130 billion. Manhattan's native tribe sold Manhattan Island to Peter Minuit for $24 in 1626. Now, 387 years later in 2013, Bil Gates wants to buy..

  What is the list price of the bond on the settlement date

Consider a bond with a settlement date of 01/19/1994. The maturity of the bond is March 15, 2021. The coupon rate is 5.5%. If the yield to maturity of the bond is 5.34% (bond equivalent yield, semi annual compounding), what is the list price of the b..

  Calculate the price of no growth stock

Calculate the price of a ‘no growth’ stock using the following characteristics: (a) Dividend: $4.56 and (b) Required Rate: 13%. Calculate the required rate of return on a stock with the following characteristics: (a) Price: $56.05 and (b) Dividend $5..

  The broker feels the property can be acquired

The first broker offered a 3 year old, 35000 square foot industrial building for which the owner is asking $35 per square foot, or $1,225,000. The broker feels the property can be acquired for $1,000,000, or just under $30 per square foot. The buildi..

  Many other service providers by centralizing manufacturing

Dunkin' Donuts joined many other service providers by centralizing manufacturing. Doughnut making in a geographic area is now done centrally for many stores, and the doughnuts are trucked to stores in the early morning. Imagine the decision of the fr..

  Its return on equity has dropped from 12.25

Moogle, Inc. is in the same business as Google, Inc., but has recently retired all its debt to become an all-equity firm. Its return on equity has dropped from 12.25% to 10.60% as a result of this

  What is the new cost of goods sold percent of sales

The firm manufactures a global positioning system (GPS) that sells for $2,000, with cost of goods sold (hardware 30% and software 70%) of 55% of sales. What is the new cost of goods sold percent of sales for each of the countries

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