What is the value of the fund today

Assignment Help Financial Management
Reference no: EM13728373

Your brother, who is 6 years old, just received a trust fund that will be worth $24,000 when he is 21 years old. If the fund earns 0.10 interest compounded annually, what is the value of the fund today?

Reference no: EM13728373

Questions Cloud

What is correlation coefficient between returns of two stock : The covariance of the returns between Willow Stock and Sky Diamond Stock is 0.0940. The variance of Willow is 0.1890, and the variance of Sky Diamond is 0.1210. What is the correlation coefficient between the returns of the two stocks?
What are the competitive challenges that google now faces : Google®, one of the leading global technology companies, has strategic planning at the heart of its success. What are the competitive challenges that Google now faces
Is it ethical when making a disciplinary decision : Is it ethical when making a disciplinary decision for absenteeism to be consistent with each employee or is ethical and morally correct to treat each employee as an individual
Calculate the value of fraziers stock : Frazier Manufacturing paid a dividend last year of $2, which is expected to grow at a constant rate of 5%. Frazier has a beta of 1.3. If the market is returning 11% and the risk-free rate is 4%, calculate the value of Frazier's stock.
What is the value of the fund today : Your brother, who is 6 years old, just received a trust fund that will be worth $24,000 when he is 21 years old. If the fund earns 0.10 interest compounded annually, what is the value of the fund today?
Take the rebate and use the financing from the bank : Kyle Parker of Fayetteville, Arkansas, has been shopping for a new car for several weeks. So far, he has negotiated a price of $27,000 on a model that carries a choice of a $2500 rebate or dealer financing at 2 percent APR. The dealer loan would requ..
In what strategic ways could joe coulombe have changed : Trader's Joes symbolizes the entrepreneurial spirit in everything they do (just like their Founding Father, Joe Coulombe). In what strategic ways could Joe Coulombe have changed his convenience stores to be able to survive and compete when 7-Eleven..
What do principle-based ethical frameworks address : What do principle-based, ethical frameworks address. paraphrased and quoted material must have accompanying citations.
What is the future value-compounded quarterly : What is the future value of $1,400, placed in a saving account for four years if the account pays 0.10, compounded quarterly?

Reviews

Write a Review

Financial Management Questions & Answers

  Pays half the cost of the retirement system

An oil company employs a petroleum engineer on his 45th birthday at a salary of $60,000 per year, which is expected to increase by an average of $1,500 at the end of each year until his retirement age of 65. The company’s retirement package pays one-..

  As the cfo of the firm management turns to your leadership

as the cfo of the firm management turns to your leadership on strategic financial issues. specifically1 what should the

  Discuss the benefits to an mnc of accepting the global

discuss the benefits to an mnc of accepting the global market concept.explain three points that define a global

  Using the time value of money-concepts

Assume you have the following situations. Using the time value of money (TVM) concepts (formulas or tables) calculate the correct amount in each situation.

  Especially in the area of reporting requirements

What recent government regulations have helped or hindered a firm’s ability to conduct its normal course of business, especially in the area of reporting requirements? Existing or Proposed Regulations

  What was the funds return and what was investors return

The Global Growth Fund is a load fund with a 6 percent front load fee. It started the year with a Net Asset Value (NAV) of $16.50. During the year the fund distributed $1.05, and at the end of the year its NAV was $17.95. What was the fund's return, ..

  Calculate the daily sales during the discount sales period

Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December.

  What is the firms break-even point in sales volume

Proper English Tea, Inc. expects to introduce a new line of teapots, but first management wants to determine its break-even point. Proper English Tea’s expected price per unit is $37.08. The company expects to sell 4,018 units. Variable costs per uni..

  What is the total cost of job

What is the total cost of Job 6.15 if Business Solutions applies overhead at 50% of direct labor cost and what is the total cost of job 6.15 is Business Solutions uses activity based costing?

  Purchase of a new plastic stamping machine

FIN370 Big Steve's, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $110,000 and will generate net cash inflows of $17,000 per year for 9 years.

  Question 1 during periods when inflation is increasing

question 1. during periods when inflation is increasing interest rates tend to increase while interest rates tend to

  Aims1 to allow students to explore in greater detail the

aims1. to allow students to explore in greater detail the major learning outcomes of the module and to demonstrate a

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