Samantha wants to take the next four years off work to travel around the world. She estimates her annualcash needs at $30,000 (if she needs more, she'll work odd jobs). Samantha believes she can invest hersavings at 8% until she depletes her funds.Use the blue shaded areas on the ENTERANSWERS tab for inputs.Always use cell references and formulas where appropriate to receive full credit. If you copy/paste fromthe Instruction tab you will be marked wrong.Requirements1 How much money does Samantha need now to fund her travels.a. Use a single Excel formula function PV and be sure to enter any payment amount with a minus signor parenthesis.2 After checking with a number of banks, Samantha learns she'll be able to invest her funds only at 6%.How much does she need now to fund her travels?a. Use a single Excel formula function PV and be sure to enter any payment amount with a minus signor parenthesis. 1. How much money does Samantha need now to fund her travels.(Always use cell references and formulas where appropriate to receive full credit. If youcopy/paste from the Instruction tab you will be marked wrong.)Money needed now to fund her travels2. After checking with a number of banks, Samantha learns she'll be able to invest herfunds only at 6%. How much does she need now to fund her travels?|(Always use cell references and formulas where appropriate to receive full credit. If youcopy/paste from the Instruction tab you will be marked wrong.)Money needed now to fund her travels

Present value of annuity is the current value of the future payments that are calculated using the…

Answered: Samantha wants to take the next four…

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

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Subject - account Please help me. Thankyou.
1. Seth and Ann are looking at four different homes. They created a spreadsheet to estimate escrow calculations more easily. They will pay the property tax and homeowner's insurance each month with their mortgage payment. The bank will hold these two amounts in escrow until those bills need to be paid, which is every six months. Each line represents data for a different home they are looking at. Calculate their monthly escrow payment for these four houses. Monthly Annual Semi-Annual Monthly Escrow Payment Mortgage Property Homeowner's Таx Insurance 2,134 6,390 750 2, 456 7,543 700 2, 857 8,765 800 2,256 8,950 650
Subject - account Please help me. Thankyou.
Do the task with the excel or manually if possible,thx If a family who owns a food stall is planning to buy a car in the next 3 years for $13920,89. The family is able to set aside 20% of their income from $1392,09/month by saving (1% bank interest/month). Is that money enough to buy a car? If not, how much should the family add?
solve using the appropriate formulas show full workings and find the answer. DONT USE EXCEL TO SOLVE ANYTHING ONLY USE RELEVANT FORMULAS TO SOLVE AND SHOW ALL WORKINGS 5. You have $33,556.25 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $220,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal?
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Selecting a Bank. Julie wants to open a bank account with $43. Julie estimates that she will write 23 checks per month and use her ATM card at the home bank. She will maintain a monthly balance of $500. Which bank should Julie choose? Hillsboro Bank First National South Trust Bank Sun Coast Bank ATM charges: Home bank Free Free Free Free Other bank 5 free, then $1.15 per use $1.40 per use $1.40 per use $1.40 per use Checking: Minimum deposit $100 $28 $1 $1 Minimum balance required to avoid fees* N/A N/A $500 N/A Monthly fees $8.66 $10.11 $15.88 $3.61 Check-writing charges 15 free, then $0.85 per check 10 free, then $0.85 per check Unlimited Each check $0.43 * N/A means monthly fees apply irrespective of account balances. Based on the information given in the chart, which bank should Julie…
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