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FUTURE VALUE OF AN ANNUITY
Your client is 35 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $6,000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 6% in the future.
If she follows your advice, how much money will she have at 65? Round your answer to the nearest cent.
$
How much will she have at 70? Round your answer to the nearest cent.
She expects to live for 20 years if she retires at 65 and for 15 years if she retires at 70. If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age? Round your answers to the nearest cent.
Annual withdrawals if she retires at 65: $
Annual withdrawals if she retires at 70: $
Compute the annual rent payment needed to ensure that the lessor company recovers the fair value of the vehicles.
A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of 11%.
You invest in portfolio and always reinvest any dividends and interest earned. Which of the following provides best measure of performance of that portfolio.
What is the price of the bill as a percentage of face value? What is the bond equivalent yield?
The probability of having a recession next year is 30%, and the probability of an expansion is 70%. In a recession, the value of firm X will be 9; in an expansion, 17. The unlevered return to equity of a firm in the same industry is 18.26%. What is t..
Bonds trade on an accrual interest basis. This means an investor: No-loads charge no sales fee because:
What is its yield to maturity? The bond has 7 years to maturity.
You’re trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $12.6 million, which will be depreciated straight-line to zero over its four-year life. If the plant has projected..
Healthy Foods just paid its annual dividend of $1.62 a share. The firm recently announced that all future dividends will be increased by 2.1 percent annually. What is one share of this stock worth to you if you require a rate of return of 15.7 percen..
Ambrose plans to sell new common stock in the amount of $75,000. The firm’s profit margin on sales is 6%; 60% of earnings will be retained.
A company that franchises coffee houses conducted taste tests for a new coffee product. The company prepared four blends and randomly chose individuals to do a taste test and state which of the four blends they liked best. Results of the taste test f..
A producer of designer jeans sells you the company’s entire inventory of blue jeans introduced one year ago. The jeans are all of the same style and you plan to sell them on an Internet site. You have reason to assume the demand curve for the jeans i..
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