One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment four years from today. Today, it is adding another $15,000 to this account. The company plans on making a final deposit of $10,000 to the account one year from today. How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest?
Q: The Brown family recently bought a house. The house has a 30 year, $165,000 mortgage with a nominal…
A: Amount of mortgages is $165,000 Time period is 30 years Interest rate is 8% Total number of months…
Q: You are the finance manager for a particular company. The company plans to purchase $3,000,000 in…
A: Price of the assembly (P) = $3000000 duration (n) = 5 years
Q: 1. EVA Air announces that the airlines tickets for Cebu-San Francisco flight will increase 8% in…
A:
Q: A company is planning on spending $24,900 to upgrade their equipment in 4 time. How much must they…
A: As per the time value of money, a dollar is worth more today than the same dollar in the future.…
Q: You are the finance manager for a particular company. The company plans to purchase $2,000,000 in…
A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…
Q: An account executive at Santander branch CETYS, receives a deposit from an important client-student,…
A: The future value of a deposit is the value that a deposit has after it has earned interest for a…
Q: One university needs some maintenance. The owner of the university decides to deposit $400000 in an…
A: Present worth can be calculated as below Present worth = Cash flow / (1+r)^n It can also be…
Q: Two years ago you purchased a new SUV. You financed your SUV for 60 months (with payments made at…
A: a) Monthly payment "PMT" = $617.16 Monthly interest rate "r" = 5.9%/12 Number of payments to be made…
Q: Define the symbols involved when a construction company wants to know how much money it can spend 3…
A: Interest charged on the principal amount and the interest accrued is known as Compound Interest. It…
Q: Hamad is saving to establish a small business. He deposits a fixed amount of money every month in a…
A: Annuity refers to series of equalized payments that are made either at start or end of specific…
Q: Milo Corp. wants to accumulate $ 500,000 for a payment that will become due in 5 years. That is , at…
A: Future Value (FV)= $ 500,000 Time period (n)= 5 years Rate of interest (r)= 8% annual Amount of…
Q: you are planning to start a business with an initial capital of P100,000. you decided to put up a…
A: Initial capital is P100,000 time period is 4 years To Find: Monthly deposit Annual interest rate
Q: Your company wants to buy a new piece of machinery for $2.3 million. You will pay for 15% of the…
A: Weighted Average Cost of Capital: When a firm's weighted average cost of capital (WACC) is…
Q: EnergyMax Engineering constructed a small office building for their firm 5 years ago. They financed…
A: A loan amortization table is a schedule of payments including all the bifurcation of interest…
Q: A student invests $1000 in a bank account that pays an interest rate of 3.25% compounded monthly. a)…
A: given, A=$1000 r=3.25% m=12
Q: In order to finance a new product line, a company that makes high-temperature ball bearings borrowed…
A: The total value of amount at the end of 3 years :- Amount= principal (1+r)^n = 1700000(1.08)^3 =…
Q: Suppose a certain hardware store has been in business for a few years and is doing well. The owner…
A: Investor invests at the end of every month which indicates ordinary annuity.
Q: 4) Three years from now, Mr. Dela Cruz wants to start a business. In order to do that, he estimated…
A: Here we can use the provided formula and determine that present value that will grow to 100,000…
Q: There is an investor stating they will pay out $84,000 at the end of 4 years. In order to invest…
A: Value at end of 4 years = 84000 N = 4 Deposit = 10,000 Annual Rate of Return using excel = ?
Q: Company A is contemplating on borrowing $500,000 to start a business. Credit union 1 has offered to…
A: Time value of money can be defined as a concept which states that the value of a currency declines…
Q: wishes to accumulate P2,500 over a period of 15 yrs so that a cash payment can be made for a new…
A: The given problem can be solved using PMT function in excel. PMT function computes savings/…
Q: In order to finance a new product line, a company that makes high-temperature ball bearings borrowed…
A: Loan is an agreement between lender and borrower where lender agrees to provide funds to borrower.…
Q: Ten years ago, you deposited P5400 per month. You made the deposit for 6 years and then stopped. 4…
A: Calculations are done in excel so there is no intermediate rounding effective monthly interest rate…
Q: Pool-N-Patio World needs to borrow $55,000 to increase its inventory for the upcoming summer season.…
A: A loan refers to the amount of money taken by an individual from the lender when he ran out of…
Q: Grand Opening Bank is offering a one-time investment opportunity for its new customers. A customer…
A: Bond is long-term debt raising instrument used by organizations and government to raise funds from…
Q: Company A is contemplating on borrowing $500,000 to start a business. Credit union 1 has offered to…
A: Union 1 principal = $500,000 Interest rate =14% (compounding continuously) Loan Life = 5 Years…
Q: EnergyMax Engineering constructed a small office building for their firm 5 years ago. They financed…
A: A loan amortization table is a schedule of payments including all the bifurcation of interest…
Q: You are the finance manager for a particular company. The company plans to purchase $2,000,000 in…
A: Honor Code: “Hi There, thanks for posting the question. But as per Q&A guidelines, we must…
Q: Suppose a certain hardware store has been in business for a few years and is doing well. The owner…
A: given, A= $4000 R=12% M=12 (monthly compounding)
Q: An engineering technology group just purchased a software for $7,000 now and annual payments of $300…
A: Note:We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: You are the finance manager for a particular company. The company plans to purchase $2,000,000 in…
A: Given information : Price of machine $2,000,000 Time period (years) 5
Q: Problem 5: An account executive at Santander branch CETYS, receives a deposit from an important…
A: The future value is the accumulated value of a deposit along with interest. Annual deposits are the…
Q: You wish to have $4,000 in 2 years to purchase a new entertainment system. How much money (to the…
A: Future value of an annuity: It represents the future value of the present annuity stream of cash…
Q: Today is December 31, 2018. Today, we started the Hilo Tourism Company. To start the business, the…
A:
Q: St. Thomas University (STU) plans to build an addition to the Gus Machado School of Business 4 years…
A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…
Q: ssume that you started a new business last year with RM30,000 of your own money to purchase…
A: Answer - Collateral Security - Collateral security is any other security offered and lender…
Q: Today is December 31, 2018. Today, we started the Hilo Tourism Company. To start the business, the…
A: The financial statements of a firm need to be prepared at the end of each accounting period. The…
Q: Blithe Geezer, a streetwear startup, plans to launch a massive first collection on its opening.…
A: Here, Required Capital in 10 years is P350,000 First Deposit is made after 5 years Increase in…
Q: EnergyMax Engineering constructed a small office building for their firm 5 years ago. They financed…
A: A loan amortization table is a schedule of payments including all the bifurcation of interest…
Q: EnergyMax Engineering constructed a small office building for their firm 5 years ago. They financed…
A: Loan:- It is the mortgage that one takes from any financial institution and other institution and…
Q: Suppose a certain hardware store has been in business for a few years and is doing well. The owner…
A: Future value = Present value * ( 1 + Interest rate )TIme
Q: Your company wants to have GHS 135,000 four years from now to buy a new machine. As the financial…
A: GIVEN, fv=135,000 N=4 R=12% LET ANNUAL DEPOSIT = A
Q: an investment has been made to an account at a simple interest rate of 12.122% and is expected to…
A: Here, Simple Interest rate (r) = 12.122% Total Interest = P 350,475 Time period (n) = 8 years and 5…
Q: Ten years ago, you deposited P5400 per month. You made the deposit for 6 years and then stopped 4…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: You wish to purchase some equipment for a new business venture. You plan to save $35,000 per year.…
A: Lets understand the basics. Here in this year we are required to calculate how much savings with…
Q: Suppose a certain hardware store has been in business for a few years and is doing well. The owner…
A: Amount Saved Each month = 2000 Interest Rate = 12% interest Rate per month =12%/12 =1% =0.01 Future…
Q: You invest $5,000 into a money market account that pays interest monthly (e.g., interest is…
A: The future value is the amount that will be received at the end of a certain period. In simple…
Q: What is the present worth of the withdrawal?(kindly give tye given, complete and detailed solution.…
A:
One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment four years from today. Today, it is adding another $15,000 to this account. The company plans on making a final deposit of $10,000 to the account one year from today. How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?Please provide the steps to solving this problem using a financial calculator: You just opened a brokerage account, depositing $3,500. You expect the account to earn an interest rate of 9.652%. You also plan on depositing $4,500 at the end of years 5 through 10. What will be the value of the account at the end of 20 years, assuming you earn your expected rate of return?Please indicate what you entered into your calculator to solve these problems. 1. You graduated with $28,000 in school loans. You will make annual payments of $4,000 at the beginning of each year for the next 10 years. What annual rate of interest are you being charged on your school loans? 2. You bought equipment for $23,000 and agreed to make monthly payments at the end of each quarter for 5 years. Assuming you are being charged 9% interest compounded QUARTERLY, how much will your QUARTERLY payments be? 3. You currently have $750,000 in your building fund. If you start depositing an additional $20,000 per year into this account at the beginning of each year, how much will be in the account after 6 years assuming 5.5% interest compounded annually? 4. You want to start saving for a new car and have decided to put S$90 per month at the beginning of each month into an account which earns 6% compounded monthly. You would like to be able to buy a car for $25,000. (a) How many deposits will…
- Two years ago, Lou Marshall, Inc. deposited $18,125 in an investment account for the purpose of buying new equipment four years from today. Last year, it added another $20,212 to this account. The company plans on making a final deposit of $17,503 to the account today. How much will be available when it is ready to buy the equipment, assuming the company earns 13.27% APR on its invested funds? Choose the closest amount. $118,681.22 $92,502.23 $91,918.47 $104,777.28 $72,097.87What is the excel function and formula for this question? Off-The-Books Investment Firm, LLC, has offered you an investment it says will return to you $20,000 in 2 years. To get in, you'll need to make a $10,000 deposit to their receivables account and promise not to tell anyone about it. What is the annual return on this investment?One year ago, JK Mfg. deposited $20,500 in an investment account for the purpose of buying new equipment four years from today. Today, it is adding another $15,000 to this account. The company plans on making a final deposit of $10,000 to the account one year from today. How much will be available when it is ready to buy the equipment, assuming the account pays 3.5 interest?
- Jane Smart plans to make the following deposits in an account towards cash purchase of a real estate property. ΕΟΥ 1 3 Deposit $6,000 $20,000 2 $13,000 4 $27,000 cms (a) How much money will the account have immediately after the last deposit if the account earns an interest rate of 8% per year? (b) What is the equivalent uniform annual deposit? 5 $34,000 (a) The amount in the account after the last deposit is $ 111028 (to the nearest dollar). (b) The equivalent uniform annual deposit is $(to the nearest dollar)Billy roe visited his local bank to see how long it will take for $1,000 to amount to $1,900 at a simple interest rate of 12 1/2 percent. Provide Bill with the solution to this problem in years. PROVIDE THE FOLLOWING FOR EACH PROBLEM N= I= PV= PMT= FV= C/Y= P/Y =There is an investor stating they will pay out $84,000 at the end of 4 years. In order to invest into the opportunity, you'll need to make a deposit of $10,000 to thier indicated bank account. What is the average annaul return rate. Use excel functions to indicate your steps.
- Off-The-Books Investment Firm, LLC, has offered you an investment it says will return to you $20,000 in 2 years. To get in, you'll need to make a $10,000 deposit to their receivables account and promise not to tell anyone about it. What is the annual return on investment? Answer in Excel.One year ago the Jenkins Family Fun Center deposited $5000 in an investment account for the purpose of buying new equipment four years from today. Today, they ae adding another $$6800 to this account. They plan on making a final deposit of $9000 to the account next year. Hoow wmuch will be available when they are ready to buy the equipment, assuming they earn 8-percent rate of returnOff-The-Books Investment Firm, LLC, has offered you an investment it says will return to you $20,000 in 2 years. To get in, you'll need to make a $10,000 deposit to their receivables account and promise not to tell anyone about it. What is the annual return on investment? Answer in written and excel.