Making weekly deposits into investment account

Assignment Help Financial Management
Reference no: EM132053123

1. Consider a 25 year loan for $150939 at an annual interest rate of 8%. If payments are made yearly, how many dollars of the 17th payment will go toward interest?

2. Juan has a goal of saving up $56282 by making biweekly (26 per year) deposits into a savings account for the next 7 years. If the account has an annual interest rate of 1.3%, how much should each of his deposits be?

3. Sherry has a goal of retiring with $325007 by making weekly deposits into an investment account whose annual interest rate is 1.3%. If she will retire in 23 years, how much interest will she earn?

Reference no: EM132053123

Questions Cloud

The overall rate of return : The overall rate of return between 2014 and 2016 was 5.5%. What would your investment be worth at the end of 2014?
Difference between growth stocks and income stocks : Which of the following best characterizes the difference between growth stocks and income stocks?
Reflects the overall consumer price index : If we assume that the annual rate of inflation stays fixed and that the cost of oranges perfectly reflects the overall consumer price index (CPI),
The loan carried annual interest rate : Bill took out a 7 year loan to buy a car. If the loan carried an annual interest rate of 4.5% and he made monthly payments of $466, how much interest did he pay
Making weekly deposits into investment account : Sherry has a goal of retiring with $325007 by making weekly deposits into an investment account whose annual interest rate is 1.3%.
How to calculate payback period using cash flow diagram : Give examples in How to calculate payback period using cash flow diagram ?
Pension plan provides lifetime annual income : A corporation's pension plan provides a lifetime annual income to its employees upon retirement at age 65.
What is the stock value per share : If Scampini has 65 million shares of stock outstanding, what is the stock's value per share?
What stock price is expected one year from now : The dividend is expected to grow at a constant rate of 4% a year. What stock price is expected 1 year from now?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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