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Time Value Personal Finance Problem Misty needs to have $23,000 at the end of 4 years to fulfill her goal of purchasing a small sailboat. She is willing to invest a lump sum today and leave the money untouched for 4 years until it grows to S23.000, but she wonders what sort of investment return she will need to earn to reach her goal. Use your calculator or spreadsheet to figure out the annually compounded rate of return needed if she can invest $16, 200 today. The annually compounded rate of return Misty needs to earn to reach her goal is 7.12 %. (Round to two decimal places.)
Explain how each of the following will affect a bank's deposit balances at the Federal Reserve: a. The bank ships excess vault cash to the Federal Reserve. b. The bank buys U. S. government securities in the open market. c. The bank realizes a surplu..
Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales budget, the Cid product manager wishes to achieve a product contribution margin of 35%. Given their product currently is pr..
Most of us intuitively understand that a dollar required today does not have the same value as a dollar needed (or utilized) in the future. This is due to several factors including interest rates, compounding factors, discounting factors and financia..
A company has a beta of 0.50. If the market return is expected to be 12 percent and the risk-free rate is 5 percent, what is the company's required return?
You are required to submit a bid to supply 200,000,000 widgets per year to the State of Illinois for the next five years. Your company has an idle tract of real estate that cost $1,500,000 ten years ago; if your company sold the land today, it would ..
Kelso Electric is debating between a leveraged and an unleveraged capital structure. The all equity capital structure would consist of 22,000 shares of stock. The debt and equity option would consist of 14,000 shares of stock plus $240,000 of debt wi..
Sock Figaro has a standard deviation of 35% and a beta of 0.9. Sock Almaviva has a standard deviation of 30% and a beta of 1.1. This means that:
Suppose a ten-year, $ 1,000 bond with an 8.1% coupon rate and semiannual coupons is trading for $ 1,034.32. What is the bond's yield to maturity (expressed as an APR with semiannual compounding)? If the bond's yield to maturity changes to 9.5% APR, w..
Corporate managers work for the owners of the corporations. Consequently, they should make decisions that are in the interests of the owners, rather than in their own interests. What strategies are available to shareholders to help ensure that manage..
Considering the insurance benefits needed to provide $40,000 over the next 15 years, plus the additional $330,000 of insurance coverage, what amount of insurance coverage is needed?
A firm sells its $1,190,000 receivables to a factor for $1,130,500. The average collection period is 1 month. What is the effective annual rate on this arrangement?
The Estrada Company uses cost-plus pricing with a 0.30 mark-up. The company is currently selling 100,000 units at $12 per unit. Each unit has a variable cost of $3.30. In addition, the company incurs $183,300 in fixed costs annually. If demand falls ..
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