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(Related to The Business of Life: Saving for Your First House) (Future value) You are hoping to buy a house in the future and recently received an inheritance of $24,000.
You intend to use your inheritance as a down payment on your house.
a. If you put your inheritance in an account that earns 8 percent interest compounded annually, how many years will it be before your inheritance grows to $31,000 ?
b. If you let your money grow for 9.5 years at 8 percent, how much will you have?
c. How long will it take your money to grow to $31,000 if you move it into an account that pays 3 percent compounded annually? How long will it take your money to grow to $31,000 if you move it into an account that pays 13 percent ?
d. What does all this tell you about the relationship among interest rates, time, and future sums?
Discuss how the Return on Equity presentation can facilitate the integration of the financial plan and the management control process.
After an injury, you win a lawsuit judgment of $3160 per month starting next month for a total of 47 months. If the interest rate is 2.5% APR compounded monthly, what is the current equivalent lump sum of your settlement?
From the annual reports, identify the main strategies pursued by Facebook over a ten-year time period.
Nelson Heating-Ventilating Company estimates coming year's sales revenue based on external data. What is Nelson's anticipated sales revenue for coming year?
The Sorka Corp. has paid annual dividends of $0.60, $0.63, $0.65, $0.68 and $0.72,respectively, over the past five years. What is the dividend growth rate?
Your grandmother gives you 350 dollars for your birthday, which you invest in a mutual fund on January 1, 2002. On June 1, 2002, she gives you 670 dollars for your high school graduation, which you immediately deposit into your mutual fund. On Januar..
Bill plans to open a self-serve grooming center in a storefront. What is the project's profitability index (PI)?
Find a 3 year historical chart of ASB. Using technical analysis, determine patterns that could forecast the future direction and ranges of ASB.
If the expected returns on these stocks are -0.07 and 0.17, respectively, what is the expected return on the portfolio?
What is the price today of a $200,000 cash flow in 5 years if the discount rate is 2.5%. This is known as the interest rate “sensitivity.”
Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 –$ 359,000 –$ 45,500 1 36,000 23,100 2 56,000 21,100 3 56,000 18,600 4 431,000 13,700 Whichever project you choose, if any, you require a 14 percent return on ..
The financial manager is worried that the current ratio indication of short-term liquidity is so bad that it will be difficult to obtain additional funding.
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