Final fin 301_2
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FIN 301_2 / Dr. Fernandez
FINAL TEST
FINAL
TEST
FIN
301-2
Use your calculator,
Excel,
and
formula to answer all the questions. Make sure you
show
your
work, as I will need to see it to give you credit.
1.
Fill in the following tables.
a.
Future Values = FV = PV × (1+r)
n
Present
Value
Future
Value
Number
of
Periods
Interest
Rate
$55,000.00
$250,000.00
50
$37,500.00
$55,000.00
25
b.
Present Values = FV × [1/(1+r)
n
]
Present
Value
Future
Value
Interest
Rate
Number
of
Periods
$25,000.00
$235,609.76
0.08
$37,000.00
$350,000.00
0.13
c.
Interest rate or discount rate. Fill in the interest rate for the following table Using the interest rate formula, r = (FV/PV)
1/n
– 1
Present
Value
Future
Value
Number
of
Periods
Interest
Rate
$55,000.00
$250,000.00
50
$37,500.00
$55,000.00
25
d.
Waiting period. Fill in the number of periods for the following
table. Using the waiting period formula, n = ln(FV/PV) / ln(1+r).
Present
Value
Future
Value
Interest
Rate
Number
of
Periods
$25,000.00
$235,609.76
0.08
$37,000.00
$350,000.00
0.13
FIN 301_2 / Dr. Fernandez
FINAL TEST
2.
Bill wants to borrow $37,000 for a car. He wants to pay in a period of 4 years. The lender offers a 9% interest rate. Estimate the yearly payment and prepare a loan amortization schedule for the amortized
loan. Show
your
work.
Year
Beg.
Bal.
Payment
Interest
Prin.
Red.
End
Bal.
1
2
3
4
FIN 301_2 / Dr. Fernandez
FINAL TEST
3.
Using the data below, calculate Stock XYZs expected return, E(r), and standard deviation σ (r)
. Show your work.
State of the Economy
Probability of Economic State
Return in Economic State
Recession
30%
27%
Steady
25%
15%
Boom
45%
–30%
E(r)
= ∑Probability of Economic State × Return in Economic State
σ2 (r)= ∑[Return in State
i – E(r)
]2 × Probability of State
i
σ (r) = √ σ
a.
Show the range of results with a 95% probability in the table below
Your preview ends here
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Related Questions
< CO
T
R
E
# 3
Problem Set 1: Finance
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Score: 19.8/50
8/20 answered
Question 15
You want to be able to withdraw $35,000 from your account each year for 25 years after you retire.
You expect to retire in 15 years.
If your account earns 6% interest, how much will you need to deposit each year until retirement to achieve
your retirement goals?
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QUESTION 18
Prepare a time diagram for the future value of an ordinary annuity with three payments of $300. Be sure to indicate the periods in which interest is added.
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
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* 00
Problem Set 1: Finance
Score: 19.8/50
8/20 answered
Question 10
You deposit $3000 each year into an account earning 5% interest compounded annually. How much will you
have in the account in 20 years?
no.
Question Help: D Video 1 D Video 2
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Financial Math
hi could you please kindly explain to me
generrously all your steps without skipping
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Thanks
A saving account earns compound interest at an annual effective interest rate i. Given
that d12,41 = 0.08, Find i1.5)-
Answer: 0.0897
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* CENGAGE MINDTAP
Q Search
Time Value of Money I
Back to Assignment
Attempts
Average / 1
1. Problem 5.01 (Future Value)
еВook
If you deposit $7,000 in a bank account that pays 9% interest annually, how much will be in your account after 5 years? Do not round intermediate
calculations. Round your answer to the nearest cent.
$4
Grade it Now
Save & Continue
Continue without saving
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V
F11
Harley-
{
[
C
F13
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Pls help fast sir pls with explanation also
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Question 25
B0/1 pt 03 3 99
Detail
Suppose you invest $140 a month for 6 years into an account earning 7% compounded monthly.
After 6 years, you leave the money, without making additional deposits, in the account for another
30 years. How much will you have in the end?
24
Question Help: Message instructor
ICalculator
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Question A .Consider the following series of payments which start at time t = 0:
5, 7, 9, 11...
What is the value of this series of payments at time t = 6? Effective annual interest rate is 8% p.a.
Question 7Select one:Select one:
A.
92.68
B.
122.44
C.
68.72
D.
103.28
Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line
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Continuation
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Hi, can someone help me with these excel problems?
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Fast pls solve this question correctly in 5 min pls I will give u like for sure
Surbh
You just opened a brokerage account, depositing $4,000. You expect the account to earn an interest rate of 10% annually. You also plan on depositing $1,500 at the end of years 4 through 10. What will be the value of the account at the end of year 10? a. $9,487 b. $20,606 c. $24,606 d. $8,908 e. $23,106
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A
B
C
Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
D
E
F
G
500.00 How much money do you plan to save each period?
Cell Styles
H
I
J
0.1 Expected return on your savings before retirement (this is an EAR)
0.05 Expected return on your savings during retirement (this is an EAR)
L
Editing
Sensitivity
Add-ins
Analy
Format v
Dat
35 Years until your retirement
25 Years you plan to be in retirement (how long your money needs to last)
12 How frequently do you save money each year? Annually (1), quarterly (4), or monthly (12 times each year)?
18
4.89% Expected return on your savings during retirement (this is an APR)
9.57% Expected return on your savings before retirement (this is an APR)
$1,699,395.51 Amount you'll have in your account at retirement based on the amount you save each period (answer should be about $1,699,396).
$9,824.85 Amount you could spend each period during your retirement
50000 How much money do you currently have in savings?
Problem 6
Problem 7
$3,104,517.35 Amount…
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akeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inprogress%3false
hapter 11 Lab Application
全 回
Sign ia
еBook
You have been depositing money into an account yearly based on the following investment amounts, rates and times, what is the value of that investment account at the end of that
period?
(Click here to see present value and future value tables)
Amounts of
Value at the End
Investment
Rate
Times
of the Period
$7,000
20%
16 years
612,094.91X
$11,000
15%
9 years
184,644.26X
$15,000
12%
5 years
95,292.71 X
$36,000
10%
2 years
75,600.00
Feedback
>
Check My Work
For each scenario, use the rate and time components to use the applicable time value of money table to determine the needed factor. Multiply the investment amount by the
future value factor to determine the value of end of the period.
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Module 02 Written Assiqnment Application of Future Value and Present Value.xlsx - OpenOffice Calc
File Edit View Insert Format Iools Data Window Help
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6.
7
a. 6 percent compounded annually
8
9.
Rate
6%
10
Nper
PMT
12
11
12
PV
$2,000.00
$0.00
13
FV
14
15
b. 8 percent compounded annually
16
17
Rate
8%
18
Nper
12
19
PMT
20
PV
$2,000.00
21
FV
22
23
c. 10 percent compounded annually
24
25
Rate
10%
26
Nper
12
27
PMT
28
PV
$2,000.00
29
FV
30
31
d. 10 percent compounded semiannually
32
Rate
K Future Value Present Value
33
10%
STD
Sheet 1/2
PageStyle Future Value
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Just answers plz
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challenge 4 Next, use a financial calculator. You can use your own scientific or financial calculator, or click the calculator button below to access one online. Assume the annual yield to maturity is 10%. Enter your answer into the space below, then click "Submit" to check your work. Face Value (FV) $5000 Remaining Payments (N) 10 Coupon Payment (PMT) $181.25 Answer: $ challenge 4 , use a financial calculator. You can use your own scientific ulator, or click the calculator button below to access one onli ime the annual yield to maturity is 10%. er your answer into the space below, lick "Submit" to check your work. Hint: Don't forget to enter the yield per payment period (semiannual) for I/YR. Inputs =�,1��,���,�� Remainin Payment: Output =�� (N) 10 Answer
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• Question 6
You deposit $500 each month into an account earning 3% interest compounded monthly. Round to
the nearest cent as needed.
a) How much will you have in the account in 25 years?
$4
b) How much total money will you put into the account?
$4
C) How much total interest will you earn?
Question Help: DVideo 1 D Video 2
I Calculator
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H O O I Pn
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Hand written plz asap...otherwise skip.... Hand written plz asap please fast
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Dyanne Godoy
Math Models B: Practice Test
Next Activity
Target due: 11/16/20
O 2016
All changes saved
O 2026
LI O 3. Choose the correct answer.
Bill plans to deposit $1,500 quarterly for 30 years at 5.5% Interest, compounded monthly. How much will he have in
the account in 30 years?
O $468,780.80
O $189,900
O $180,000
O $3,744,000
O $477,000
A 4. Choose the correct answer.
You sell 600 shares of AVG Technologies (AVG). You purchased the stock at $2.99 per share and sold it at $0.88 per
PRÉVIOUS
1-31 of 31
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REVIEW
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ces
You have a choice of four increasing annuities as shown in the table below. Which annuity will reach a future value of $100,000 the earliest?
Annuity B
Annuity C
$1100
Annuity D
$800
$57
8%
3%
52
1
Payment
Annual Rate
Interest Periods
Per Year
Annuity A
$300
5%
12
(Use the interactive figure to find your answer.)
Click here to launch the interactive figure.
Choose the correct answer below.
OA. Annuity D
OB. Annuity A
OC. Annuity B
OD. Annuity C
9%
4
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QUESTION 7
Bonus: How much total interest will you pay on a $600000 loan at 7% per year compounded monthly, if you make a single payment in 12 years? (Assume simple interest)
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Module 2.5: Understanding
ALT
Courses
CURRENT OBJECTIVE
Calculate the monthly payment and interest cost for a mortgage
Question
A mutual fund manager wishes to purchase a property that's been valued at $1.5 m. She has $200,000 in cash to use as a
deposit, and she will require a mortgage for the rest. The annual interest rate on the loan is 2.45% and the loan is for 25
years. Calculate the monthly payments.
Round your answer to the nearest cent.
Do NOT round until you have calculated the final answer.
X
C
knewton.com
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B
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