What is the amount she needs to invest

Assignment Help Finance Basics
Reference no: EM132411168

1. Professor Charlie invested $700,000 in a savings account, the interest rate is 8% per year and length of time is 9 years. Compounding is quarterly, what is value of savings account at end of 8 years. 

2. How many periods does it take for money to grow 5.5 times, if the interest rate is 5.5 % per period and compounding is semi-annually? 

3. Souhi bought a land for $650,000 and travelled for a world trip. Once he returned after 2 years, he got surprised looking at land price which got appreciated to $850,000. What is the rate of appreciation? 

4. Fon agreed to sign a contract for $800,000 at a rate of 15% for 18 years. What is the payment amount for month? 

5. Siling wanted to save money which would help her after retirement which is, she planning to do after 55 years. She planned to have $625,000 with her. Interest rate she would be getting is 7%. How much will she need to contribute to IRA each year. 

6. Alimata is planning to have a money trading business and she set a target of gaining $875,000 by end of 5 years by setting a rate of interest 12% semi-annually. What is the amount she needs to invest?

Reference no: EM132411168

Questions Cloud

What are the potential benefits and costs for a company : What are the potential benefits and costs for a company (that is located in a developing country with a bad performing currency) that decides to list its shares
Calculate the semiannual after-tax savings : Calculate the semiannual after-tax savings that would result if the firm issued $50 mil lion of 12.5% debt.
Steps you should take before buying a car : Explain the different car ownership options-cash payment, financing, leasing and list the advantages and disadvantages of each.
What is the estimated value of company : If the company's NI has a 7% growth rate, what is the estimated value of your company?
What is the amount she needs to invest : Professor Charlie invested $700,000 in a savings account, the interest rate is 8% per year and length of time is 9 years.
What is the rate of interest on borrowing : If it swaps its short-term payments so that it receives LIBOR +1.5% and pays a fixed rate of 5%, what is the rate of interest on its borrowing
Major differences between the various generations : What are the major differences between the various generations (Baby Boomers, Gen X, Millennials, etc): their issues on and views of retirement?
Calculate the npv of the proposed refunding : The new bonds will have to be issued one month before the old bonds are called and the proceeds can be parked in the money market to earn 6%
What would be the priorities for capital budgets : Explain why accurate cost allocation is important. What would be the priorities for capital budgets (in general, not specifically)?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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