he LA times recently carried a story that tuition could be increased in the University of California system by as much as 15% per year over the next four years. What would be the tuition in four years if the current tuition is 14, 100 per year now.

The cost of a new automobile is $12,000. If the interest rate is 4%, how much would you have to set aside now to provide this sum in four years? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. You have to pay $16,000 a year in school fees at the end of each of the next five years. If the interest rate is 7%, how much do you need to set aside today to cover these bills? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. You have invested $80,000 at 7%. After paying the above school fees, how much would remain at the end of the

It is likely that plane tickets will increase 6.5% in each of the next three years. The cost of the plane ticket at the end of the first year will be $150. How much money would need to be placed in a savings account now to have money to pay a student's travel home at the end of each year for the next 3 years? Assume savings account pay 8% annual interest.

The ZLC consulting firm just signed an agreement to provide services to another firm.  In doing so, ZLC will receive $100,000 today, and then annual payments of $70,000 per year for 5 years, with first annual payment starting one year from today.  What is the present value of this agreement if the appropriate discount rate is 8.50% compounded annually?

A company is considering getting involved in electronic commerce. A modest e-commerce package is available for $24,000. If the company wants to recover cost in 2 years, what is the equivalent amount of new income that must be received every 6 months if the interest rate is 8% per quarter? Round your answer to 2 decimal places.

(USING EXCEL FUNCTION PLEASE) You wish to plan your Bahamas Islands vacation. You estimate that it will be two years from now, and that it will cost $15,000. The monthly payment you should save in order to finance your vacation is $637.66 assuming that you make 24 monthly payments, starting today and ending 23 months from now. what is the annual percentage rate?

Air conditioning for a college dormitory will cost $2.6 million to install and $145,000 per year to operate at current prices. The system should last 14 years. The real cost of capital is 6%, and the college pays no taxes. What is the equivalent annual cost? Note: Enter your answer in dollars not in millions and round your answer to 2 decimal places. Equivalent annual cost

Roger Sterling has decided to buy an ad agency and is going to finance the purchase with seller financing-that is, a loan from the current owners of the agency. The loan will be for 2,100,000 financed at an APR of 8 percent compounded monthly. This loan will be paid off over 7 years with end o month payments, along with a 600,000 balloon payment at the end of year 7. That is, the 2.1 million loan will be paid off with monthly payments, and there will also be a final payment of 600,000 at the end of the final month. How much will the monthly payments be?

Aunt Tillie has deposited $33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of $65,000, what recommendation would you make to Aunt Tilie? China Manufàcturing Agents, Inc. is preparing a five-year plan. Today, sales are $1,000,000. If the growth rate in sales is projected to be 10 percent over the next five years, what wil the dollar amount of sales be in year five? Dan and Jia are newlyweds and have just purchased a condominium for $70,000. Since the condo is very small, they hope to move into a single-family house in 5 years. How much will their condo worth in 5 years if inflation is expected to be 8 percent? You deposit $17,000 each year for 10 years at 7%. Then you earn 9% after that. If you Jeave the money invested for another 5 years how much will you have in the 15th year? If you deposit $45,000 into an account earming 4%…

A small northern California consulting firm wants to start a recapitalization pool for replacement of network servers. If the company invests $14,000 at the end of year 1 but decreases the amount invested by 5% each year, how much will be in the account 5 years from now? Interest is earned at a rate of 12% per year. Five years from now, the account will have $.