What are these payments worth

Assignment Help Finance Basics
Reference no: EM132130977

Your parents are giving you $190 a month for 4 years while you are in college. At an interest rate of .45 percent per month, what are these payments worth to you when you first start college?

  • $7,912.94
  • $7,776.51
  • $10,154.49
  • $8,185.80
  • $8,032.64

Reference no: EM132130977

Questions Cloud

Calculate the present value of investment : The bonds are currently trading at 9.5% in the open market wit 8 years left. Calculate the present value of your investment.
T is your aftertax yield on this bond : Miletus Bronze Works has an outstanding bond that pays 9.64 percent interest. You are in the 37 percent tax bracket.
What is the current price of bond : The bond matures in 5 years and pays interest annually. The coupon rate is 8.5 percent. What is the current price of this bond?
What are monthly payments : The interest rate on his loan is 5.31 percent compounded monthly and the loan is for 6 years. What are his monthly payments?
What are these payments worth : Your parents are giving you $190 a month for 4 years while you are in college. At an interest rate of .45 percent per month, what are these payments worth
Calculating returns : Suppose you bought a bond with a 5.8 percent coupon rate one year ago for $1,030. The bond sells for $1,059 today.
How much will the winner receive in 2051 : If the winner's purse continues to increase at the same interest rate, how much will the winner receive in 2051?
What is the most you should pay for the annuity : You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?
How much will you have in your account : Five years from today, you plan to invest $4,900 for 8 additional years at 7.8 percent compounded annually. How much will you have in your account

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the balance in the warranty liability account

Computer Wholesalers restores and resells notebook computers on eBay. It originally acquires the notebook computers from corporations upgrading their computer.

  Distinguish data from information

Distinguish data from information and describe the characteristics used to evaluate the quality of data.

  Analysis of what does not work

Analysis of What Does not Work - Explain what your team learned from the simulation related to the decisions that were made

  Work of acquisition is in contract management

An IT acquisition guidance document states "there is a growing realization that real work of acquisition is in contract management." At the same time, there is the decrease in success rate of IT projects

  What is the present value of the annuity

What is the after tax present value of the annuity if the investor is in the 28% marginal tax bracket?

  What was the capital gains yield

Suppose a stock had an initial price of $95 per share, paid a dividend of $2.00 per share during the year, and had an ending share price of $114.

  What is the opportunity cost of not taking the cash discount

Falcon Co. purchased $ 960,000 of raw materials from its supplier under the credit terms of 1/15, net 60. Assuming that Falcon Co. takes advantage of the cash.

  Degree of operating leverage 10 times interest expense

output level 120000 unitsoperating assets 6000000.00operating asset turnover 12 turnsreturn on operating assets

  Analyzing the effect of prior-period adjustments

Analyzing the effect of prior-period adjustments Miller Corporation discovered in 2017 that it had incorrectly recorded in 2016 a cash payment of $80,000.

  Explain importance of quality in a firms financial statement

Discuss the importance of quality in a firm's financial statements and how you would go about evaluating the quality of a firm's financial statement.

  Which of the following statistical calculations indicates th

In calculating the risk associated with two potential projects (A & B), which of the following statistical calculations indicates that the projects are equally risky? The standard deviation of  A is 100, and the coefficient of variation of A is 80.91..

  Explain how you would estimate the gain and cost of a

explain how you would estimate the gain and cost of a merger financed by stock. what stock price should be used to

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