Use the appropriate time value of money table

Assignment Help Financial Management

Reference no: EM131059143

On December 28 each year, you are planning to make a charitable donation of $2880 and are in the 25 percent tax bracket. You are planning to deposit the tax savings in a savings account for the next 13 years at 4 percent, what will be the future value of that savings account? Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Reference no: EM131059143

Questions Cloud

Explain why the cost differs for each product : Explain why the cost differs for each product. Explain whether or not it is possible to drop the price of the Alpha to compete. Based on your analysis, explain whether LEHIGH can focus only on two products.

Determining the concave spherical mirror : A magician wishes to create the illusion of a 2.49 m tall elephant. He plans to do this by forming a virtual image of a 42.0 cm tall model elephant with the help of a concave spherical mirror.

Question regarding the constant downward velocity : a) What is the net force acting on an object with a mass of 10 kilograms, falling at a constant downward velocity of 15 meters per second (15 m/s)?Please show work.

Continental carriers cash study : Has anybody worked on the "Continental Carriers, Inc." case study? If so, what's the best response to the following question? How should the acquisition of Midland Freight be financed, taking into account to cost of comparisons and other appropriate ..

Use the appropriate time value of money table : On December 28 each year, you are planning to make a charitable donation of $2880 and are in the 25 percent tax bracket. You are planning to deposit the tax savings in a savings account for the next 13 years at 4 percent, what will be the future valu..

What is the value or of teh bonds : A corporation issuse 12% annual bonds the pay $1000 at maturity. These bonds mature in 15 years.What is the value (PV) or (Vb) of teh bonds if the current or maket or prevailing or going or YTM is 10%,12% and 14%.Please show what is the N,the PMT,the..

Developing plan to finance its asset base : McKinsee Inc. is developing a plan to finance its asset base. The firm has $3,000,000 in current assets, of which 20% is permanent, and $10,000,000 is in fixed assets. Long-term rates are currently 8%, while short-term rates are at 6%. McKinsee's tax..

Establish retirement plan : John would like to establish a retirement plan that returns an amount of $100,000 after a period of 20 years from now. Build a spreadsheet model to calculate the amount John must contribute at the end of each year towards his retirement fund, assumin..

Determine the project NPV : HFX Ltd. has the opportunity to undertake the following project: The project requires an immediate $1,000,000 investment in equipment that will be added to an ongoing asset pool with a 20% CCA rate. Determine the project's NPV. Should HFX accept or r..

User Account

All Pages