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Non Annual Compounding
It is now January 1. You plan to make a total of 5 deposits of $300 each, one every 6 months, with the first payment being made today. The bank pays a nominal interest rate of 10% but uses semi annual compounding. You plan to leave the money in the bank for 10 years. How much will be in your account after 10 years? Round your answer to the nearest cent.
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You must make a payment of $1,845.06 in 10 years. To get the money for this payment, you will make 5 equal deposits, beginning today and for the following 4 quarters, in a bank that pays a nominal interest rate of 6% with quarterly compounding. How large must each of the 5 payments be? Round your answer to the nearest cent.
A certain fluidized-bed combustion vessel has an investment cost of $110,000, a life for 10 years, and negligible market (resale) value. Annual costs of materials, maintenance, and electric power for the vessel are expected to total $11,000.
IBM is thinking about issuing a bond in Europe and swapping the annual payments back to US dollars. If fixed rates are 7% in Europe and 9% in the US and the current exchange rate is 1.40 Dollars to every Euro then:
in 1895 the first u.s. open golf championship was held. the winners prize money was 150. in 2006 the winners check was
If the center takes out a 5-year term loan that would be repaid in equal annual installments, how much will it owe to Bank South if Gary decides to pay off the loan early at the end of third year. Amount borrowed 250, 0000 and rate 8.06
An investor in Treasury securities expects inflation to be 2.35% in Year 1, 3.15% in Year 2, and 4.25% each year thereafter. Assume that the real risk-free rate is 1.75%, and that this rate will remain constant. Three-year Treasury securities yield 6..
Cooling Tools, Inc. is currently producing 1,069 of small refrigerators per month but the company’s CEO plans to increase production at a rate of 11.00 percent per month until the firm is producing 7,022 refrigerators per month. How many months will ..
Hiring physically challenged people to clean bowling shoes will save BowlingBackOffice, Inc (BBO) $3,000 per year for the next 5 years but will require a $10,000 investment to retrofit the work area and review operating procedures to ensure that the ..
Explain the alternative risk management approaches and their advantages and disadvantages for a medium-sized gold producer such as Mesa. State which approach you think is appropriate for Mesa and why.
Assume that all agents are risk neutral, and that the risk-free rate is 3%. The economic conditions in the upcoming year can be either good or bad. The first project has low payoff volatility and the second project has a high payoff volatility. What ..
Qin has just graduated from the Harvard with a BA in mathematics and must decide whether to start working now or to get a Masters in Financial Engineering (MFE). In either case, he intends to retire 40 years from today. An MFE requires an expenditure..
Write about Financial market in Iceland
An investment project costs $10,000 and has annual cash flows of $2,970 for six years. What is the discounted payback period if the discount rate is zero percent? What is the discounted payback period if the discount rate is 6 percent?
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