5/13 Question 8 of 13, Step 1 of 1 Correct A new school building was recently built in the area. The entire cost of the project was $18,000,000. The city has put the project on a 30-year loan with an APR of 2.6 %. There are 23,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary. Formulas 囲 Tables E Keypad Answer How to enter your answer Keyboard Shortcuts Submit Answer O 2021 Hawkes Learning Lubric for WA2 0.docx P Type here to search DELL

5/13 Question 8 of 13, Step 1 of 1 Correct A new school building was recently built in the area. The entire cost of the project was $18,000,000. The city has put the project on a 30-year loan with an APR of 2.6 %. There are 23,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary. Formulas 囲 Tables E Keypad Answer How to enter your answer Keyboard Shortcuts Submit Answer O 2021 Hawkes Learning Lubric for WA2 0.docx P Type here to search DELL

Fundamentals of Financial Management (MindTap Course List)

14th Edition

ISBN:9781285867977

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter12: Cash Flow Estimation And Risk Analysis

Section: Chapter Questions

Problem 5P: EQUIVALENT ANNUAL ANNUITY Corcoran Consulting is deciding which of two computer systems to purchase....

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6.17 A permanent endowment at the University of Alabama is to award scholarships to engineering students two times per year (end of June and end of December). The first awards are to be made beginning 5-1/2 years after the $20 million lump- sum donation is made. If the interest from the endowment is to fund 100 students each semester (i.e., twice a year) in the amount of $5000 each semester, what semiannual rate of return must the endowment fund earn? 6.18 Identify three possible difficulties with rate of return analyses compared to PW, AW, or FW analyses.
2 A municipality wishes to raise funds for improvements by issuing 51⁄2 % bonds. There is P 20,000 available per year for interest payments and retirement at the bonds at 110% and interest rate is 3%.What should be the amount of the bond issue if all the bonds are to be retired in 20 years?
Answer all parts. 9) Green Thumb Landscaping wants to build a $145,000 greenhouse in 2 years. The company sets up a sinking fund with payments made quarterly. Find the payment into this fund if the money earns 12% compounded quarterly. 11) Find the payment necessary to amortize the loan. Round to the nearest cent. $2,900.00, 14% compounded quarterly, 8 quarterly payments 13) Eloise contracts to work for 11 days, receiving $0.04 the first day, $0.12 the second day, $0.36 the third day, and so on, with each day's pay triple that of the previous day. How much will she earn on the last day of the contract?
Problem 10. A local businessman has set up a school fund that will last forever that can earn 3.1% compounded monthly. How much. money do you have to deposit today in order to be able to provide three annual 10,000 scholarships, each to be paid at thebeginning of the year?
J 7 A public school is being renovated for $16.2 million. The annual value of these benefits is estimated to be $5.8 million. In addition, the residual value of the school at the end of its 40-year life is negligible. MARR-20%, The simple payback period of this project is O 3 years O 4 years O 6 years ©️ 5 years
10.- The Arriba México foundation donated $2,000,000 to a charitable institution. The money was deposited in an account that pays an annual interest rate of 14% compounded monthly. How much can the institution withdraw each month if the withdrawals are in advance and intended to be indefinite? options: 22,621.15 25,018.24 24,999.95 23,064.25
5.39 A borrower takes out a loan of $5,000 for 2.25 years. Construct a sinking fund schedule if the lender receives 9% effective on the loan per year, with interest payments payable at the end of each quarter, and if the borrower accumulates a sinking fund with semi-annual deposits earning 8% compounded quarterly.
MCQ'S: 21) If a 16-year-old high school student put $2,000 at the end of each year for 4 years into an IRA that earned a rate of 9%, how much would she have accumulated by age 65? Assume funds are left to accumulate for 45 years (age 20-65) at 9%. a.$386,616 b.$9,146 c.$1,767,995 d.$442,014 . 22) Clinch River Power is considering refunding a $150 million 12% coupon bond with a 10% coupon bond, 20-year bond. The current bond also matures in 20 years and is now callable at 110% of par. The unamortized flotation cost on the old issue is $540,000, and the flotation cost of the new issue is 0.925%. Clinch River estimates that there would be a 4-week period where both bonds would be outstanding. The company has a weighted cost of capital of 11% and a 40% marginal tax rate. Clinch River has decided to sell the refunding issue. What is their reasoning? a.NPV is approximately $10.808 million b.NPV is…
5:34 The old school is trying to decide whether they should purchase or lease a new high-speed photocopier and $750 each year to maintain the machine over the course of its six-year useful life. At the end of the sixth year, Old school expects to be able to lease the school the same copier for a payment of $750 at the beginning of the lease plus lease payments of $3,450 per year for four years. Lease payments include all maintenance. The dealer was unable to offer a lease longer than four years. Lease payments would be made at the end of the year. if the old school's discount rate is 8 percent, which alternative should it choose and why?
f2. Subject :- Accounting A donor wants to fund a growing perpetuity that will pay $14,164 per year to a local museum, starting next year. She wants the annual amount paid to the museum to grow by 5% per year. Given that the interest rate is 9%, how much does she need to fund this perpetuity? Please use EXCEL
7. The City of Cebu plan to improve the water system distribution of the city. The estimated cost f the improvement is about P 5,000,000. To raise the amount, the city decided to sell bonds to finance the said project. The rate is fixed at 5% payable yearly. The interest rate of the money is at 10% compounded yearly. The bond is redeemable 20 years from now at its face value. How much should the City of Cebu set aside yearly to pay-off its obligation?
i will 5 upvotes urgent A firm wants to sponsor a new engineering lab at a local university. This requires $4.0M to construct the lab, $1.5M to equip it, and $750,000 every 6 years for new equipment. What is the required endowment if the university will earn 8% interest on the funds?