Reference no: EM133054098
Question -
Q1. Jimmy has $255,906 accumulated in a 401K plan. The fund is earning a low, but safe, 3% a year. The withdrawals will take place at the end of each year starting a year from now. How soon will the fund be exhausted if Jimmy withdraws $30,000 each year?
Q2. How much must be invested now at 9% interest to accumulate to $10,000 in five years?
Q3. Claudine Corporation will deposit $5,000 into a money market sinking fund at the end of each year for the next five years. How much will accumulate by the end of the fifth and final payment if the sinking fund earns 9% interest?
Q4. An investor purchases a 20-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of interest is five percent, what is the current market value of the bond?
Q5. At the end of the next four years, a new machine is expected to generate net cash flows of $8,000, $12,000, $10,000, and $15,000, respectively. What are the cash flows worth today if a 3% interest rate properly reflects the time value of money in this situation?
Q6. On January 1, 2015, you are considering making an investment that will pay three annual payments of $10,000. The first payment is not expected until December 31, 2017. You are eager to earn 3%. What is the present value of the investment on January 1, 2015?
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