Homework Help is Here – Start Your Trial Now!
Business
Finance
Answer the last three questions in part 5 And show formula working using Excel format

Answer the last three questions in part 5 And show formula working using Excel format

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
See similar textbooks
icon
Related questions
Question
Answer the last three questions in part 5 And show formula working using Excel format
B. Eylül opens a savings account in FIBABANKA with a monthly interest rate of 2 %, solve the questions below accordingly. Assume that the savings rate and lending rate are equal. Each question is independent. lowing files. Save the Part 4 15 Eylül wants to buy a computer and she starts to deposit 450 TL each month to her account. After how many months can she buy the computer she wants that will cost 15,000 TL in the future? (Do not round the number.) 16 rsion 1).xdsb [A.. om the last Aut... She starts saving 120 TL into her account each month. She plans to save for one and a half years and use the saved November 2021 money to buy a new smartphone. If the smartphone costs 780OTL at the end of eighteen months how much more 17 money does she need to pay on top of her savings to buy the smartphone? m [Original) ust time the user... November 2021 In the begining Eylül deposits 12,000 TL into her account and plans to deposit some amount to this account every month, so that she could buy her first car which will cost 155,000 TL at the end of 3 years. How much money does she need to deposit each month to buy her car after 3 years? (Return a positive number.) 18 Part 5 19 Ali has a savings account with an annual interest rate of 25%. Ali wants to invest his savings and he is considering three different options. Assume that the savings rate and lending rate are equal. Each question is independent. A real estate agent offers Ali a property and Ali thinks he can sell this property for 2421586 TL after 10 years. Wwhat is the maximum price that Ali can buy this property rather than leaving his money it in the bank, so that he still earns at least as much as he would from the savings account? a 20 Selim offers Ali to be his partner in Selim's restaurant. For 71561 TL Ali can own half of the restaurant. The restaurant will grow 7% per year. After how many years can Ali sell his shares and earn the same amount of money he could earn from the bank account in 2 years? (Do not round the number.) b 21 Ali considers joining a private pension system. To join, Ali needs to pay 22,000TL initially and 7200TL every year. What should be the yearly rate of the private pension system, so that Ali can double the money which he would have made from the bank account only by depositing 7200TL every year in 10 years? 22 23 to save? 24 Close Instructions Answers here to search
Transcribed Image Text:B. Eylül opens a savings account in FIBABANKA with a monthly interest rate of 2 %, solve the questions below accordingly. Assume that the savings rate and lending rate are equal. Each question is independent. lowing files. Save the Part 4 15 Eylül wants to buy a computer and she starts to deposit 450 TL each month to her account. After how many months can she buy the computer she wants that will cost 15,000 TL in the future? (Do not round the number.) 16 rsion 1).xdsb [A.. om the last Aut... She starts saving 120 TL into her account each month. She plans to save for one and a half years and use the saved November 2021 money to buy a new smartphone. If the smartphone costs 780OTL at the end of eighteen months how much more 17 money does she need to pay on top of her savings to buy the smartphone? m [Original) ust time the user... November 2021 In the begining Eylül deposits 12,000 TL into her account and plans to deposit some amount to this account every month, so that she could buy her first car which will cost 155,000 TL at the end of 3 years. How much money does she need to deposit each month to buy her car after 3 years? (Return a positive number.) 18 Part 5 19 Ali has a savings account with an annual interest rate of 25%. Ali wants to invest his savings and he is considering three different options. Assume that the savings rate and lending rate are equal. Each question is independent. A real estate agent offers Ali a property and Ali thinks he can sell this property for 2421586 TL after 10 years. Wwhat is the maximum price that Ali can buy this property rather than leaving his money it in the bank, so that he still earns at least as much as he would from the savings account? a 20 Selim offers Ali to be his partner in Selim's restaurant. For 71561 TL Ali can own half of the restaurant. The restaurant will grow 7% per year. After how many years can Ali sell his shares and earn the same amount of money he could earn from the bank account in 2 years? (Do not round the number.) b 21 Ali considers joining a private pension system. To join, Ali needs to pay 22,000TL initially and 7200TL every year. What should be the yearly rate of the private pension system, so that Ali can double the money which he would have made from the bank account only by depositing 7200TL every year in 10 years? 22 23 to save? 24 Close Instructions Answers here to search
Expert Solution
steps

Step by step

Solved in 2 steps with 4 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Present Value
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS