Assume that you start with a balance of $3900 on your credit card. During the first month you charge $400 and during the second month you charge $650 Assume that you credit card charges a 29% APR and that each month only the

Q: How long will it take to save $2581.00 by making deposits of $227.00 at the end of every month into ...

A: It can be calculated using  =NPER(rate,pmt,pv,[fv],[type]) Rate The interest rate for the loan. Npe...

Q: this project acceptable?

A: The return is the profit or loss that an investor anticipated on an investment. It is to be calculat...

Q: nstruction: Show complete solution including the cash flow diagram if not given,Formula function, Fo...

A: The Equivalent Uniform Annual Cost is a term which defines the total cost of an asset which is incur...

Q: How long will it take to save $2581.00 by making deposits of $227.00 at the end of every month into ...

A: Solution:- When equal deposits are made at the end of each period, it is called as ordinary annuity....

Q: Husband and Wife have two biological children and one adopted child. Now that the adoption is finali...

A: adoption is a process of getting non-biological child of someone else legally.   

Q: Melissa is glancing at this document that shows a financial summary of Cheesy Company's operations d...

A: Every company needs to prepare the financial statements for the financial year.

Q: Year Risk free rate (%) Return_risk-free asset 2011 4.51 - 2012 3.11   2013 2.61   2014 2.75   2015 ...

A: In 2011, the rate of return was 4.51 percent.In 2012, the rate of return was 3.11 percent.In 2013, t...

Q: A $1,000, 9.5% coupon Government of Canada bond has 10 years remaining until its maturity. It is cur...

A: A Bond refers to an instrument that represents the loan being made by the investor to the company an...

Q: Carlo and Elise loves to play lottery. They just won Php10,000 in the GongDi WangBu lottery. They de...

A:  Future Value refers to the value of the current asset or investment or of cash flows at a specified...

Q: A construction company agreed to lease payments of $649.32 on construction equipment to be made at t...

A: Lease agreement gives the right to use the assets during the given period by the payment of the peri...

Q: The risk of an investment project that may have (1) 10% chance of losing $1000; (2) 20% chance of ga...

A: P1 = 10%, Cashflow (C1) = - $1000 P2 = 20%, Cashflow (C2) = $200 P3 = 30%, Cashflow (C3) = $800 P4 =...

Q: Taylor Company has a cash balance of Php 7,500 on April 1. The company must maintain a minimum cash ...

A: Borrowings are the loan which is taken by the individual to meet its financial requirements. The mor...

Q: Which of the following is not a cash disbursement item? a. Cash purchases b. Cash dividend payment c...

A: Cash disbursement is also called cash payment made in specific period.  

Q: For the next five years, Chard invests 50000 in a bank account at 12%interest. Will the original pri...

A: Principal Amount = 50,000 Interest Rate = 12% Inflation Rate = 75% Time Period = 5 Years

Q: Assume inflation is expected to be 3% next year, 4% the following year, and 6% thereafter. The matur...

A: Nominal interest rate It is the real interest rate along with inflation rate. In approximate term, n...

Q: The term of the annuity is year(s) and month(s).

A:   Annuity refers to the pattern of payment made at equal intervals. It is a type of long-term invest...

Q: I and Mrs. Dafoe are doing some estimates of the amount of funds they purchase an annuity paying S50...

A: Present value of monthly annuity would be the amount required to purchase the annuity considering ti...

Q: tandard Deviation: 10.56% Average Risk Free Rate: 2.18% Using these figures: a) Select the best o...

A: The portfolio should have good return but should be also less risky so both should be there to be be...

Q: This plant design, entitled “IIVSDROP: The First Ear Dropper Solution Manufacturing Plant in the Phi...

A: Initial Cost = PHP 550,320,000 Other Cost = PHP 27,000,000 Time Period = 30 Years Rate of return = 2...

Q: Year ASX 300 Index ASX 300 Dividend Yield (%) Return_risky portfolio 2010 4760.79 3.76 - 2011 4052.2...

A: Every investor tries to maximise his wealth by seeking for maximum returns. Therefore, asset allocat...

Q: A 5-year project will require an investment of $100 million. This comprises of plant and machinery w...

A: Data given: Market price = $500 per share. D1= $4 per share  Growth  rate = 9% per year for an indef...

Q: Technical analysts believe that investors can use past price changes to predict future price changes...

A: Like Fundamental analysis, Technical analysis is alsoan analysis tool used by various day traders an...

Q: Which of the following statements is/correct regarding the Cash Budget? The cash budget is a stateme...

A: Cash budget - It is an estimate of cash inflow and cash outflow  of a company . Cash budget are usua...

Q: r=0% on deposits. Consumer needs to borrow $50 loan and the consumer has uncertain income of y=50,80...

A: Expected return Expected return is the sum of all returns times the associated probability. It is ca...

Q: Suppose you have a 1-year old son and you want to provide R75 000 in 17 years towards his college ed...

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified ...

Q: A bank sets the loan rate on a prospective loan at 14%. This consists of a 12% base rate and a 2% cr...

A: A loan is a financial aid which is given by one party to another party. This transaction can take pl...

Q: Black ives in Mantoba, a non-participating province that has an 7% provincial sales tax During the c...

A: Government charges the GST on goods purchased to increase the collection from taxes but rate of GST ...

Q: 9.4 (LG 9.2, 9.3, 9.4) An investment pays $10 000 in five years. a. If inflation is 10 percent per y...

A: Since you have asked a multiple subpart question, we will answer the first three subparts for you. A...

Q: which of the below does not qualify a bond ? a. Time to maturity b. Par Value c. Coupon rate d. Yie...

A: Bonds are a sort of financial instrument used by governments and enterprises to raise funding from t...

Q: Anna loaned P450,000 at 10% compounded annually. She signed a contract to repay the loan in 20 equal...

A: Loan amount (PV) = P450,000 Number of annual payment (n) = 20 Interest rate (r) = 10%

Q: The payoffs of an investment are dependent on the state of the economy.  The economy can have two st...

A: Expected rate of return is the profit or loss on the investor that is assumed to be anticipated by t...

Q: is deposited each year into a bank account that pays 8% interest compounded quarterly how much would...

A: The future value of annuity includes the amount being deposited each year and the amount of interest...

Q: Are deeds the only acceptable way to legally transfers a property? Why or not?

A: The deed is legal document that is valid and is paid value and legally binding documents.

Q: If the yield to maturity for each bond remains at 9%, what will be the price of each bond 1 year fro...

A:   Bond A Bond B Bond C Face Value  $      1,000.00  $      1,000.00  $      1,000.00 Coupon rate...

Q: If Inflation and the interest rate were both zero, would there still be a time value of money? State...

A: The concept of time value of money says that money today has more worth than the same amount of mone...

Q: Project L requires an initial outlay at t = 0 of $61,983, its expected cash inflows are $12,000 per ...

A: Initial Cash outlay at t=0 is $61,983 Expected cash outlay is $12,000 Time period is 12 years To Fin...

Q: If you perform a NPV analysis on a perspective investment using a "d" = 15% and:       a. the NP...

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only on...

Q: Big Oil, Inc. has a preferred stock outstanding that pays a $8 annual dividend. If investors’ requir...

A: a. Market value of shares = Annual dividend / Required rate of return Market value of shares = $8 / ...

Q: Find the amount of P18450 after 5 years if it will be considered compounded semi- annually at the ra...

A: Interest is paid on the amount of the deposit. The rate of interest and number of periods depend on ...

Q: Assuming that revenues stayed flat (meaning the company did not try to increase sales by the 12 perc...

A: Profit depends on the expenses and if expenses decreases the profit will increase but if expenses in...

Q: In March, Dough Corporation expects to sell 41,000 units of its single product. The company has 2,80...

A: Here, Expected Sales is 41,000 units Beginning Inventory is 2,800 units Ending Inventory is 2,400

Q: Discuss the advantages and disadvantages of using (a) payback, (b) net present value and (c ) intern...

A: Payback Period: It refers to the period in which the project's or investment's initial cost is reco...

Q: Data to be used 1 Date closing market index value closing price for PG closing price for F 2 1/02/2...

A: Given: 1 Date closing market index value closing price for PG closing price for F 2 1/02/2017 2...

Q: Assume a selling price of $88,000, a down payment of $24,000, and a mortgage at 13% for 30 years. If...

A: Here selling price is 88,000 and down payment is 24,000 Hence loan amount = selling price - down pay...

Q: TVM HOMEWORK ASSIGNMENT 1. You have $12,000 to invest. You need the money in 13 years, and you expec...

A: Present value (PV) = $12000 Interest rate (r) = 6% Period (n) = 13 years

Q: How do development banks help to increase international trade?

A: The exchange of products, services, and capital across international restrictions or territories occ...

Q: There is a bank account that has $650 as the initial value. In 8 years, the new balance of the bank ...

A: Solution:- Rule 72 calculates the approximate time for an investment to get double, under the given ...

Q: Lauren deposited $10,000 today. He plans to withdraw $700 every year. For how long can she withdraw ...

A: Solution:- When an equal amount is withdrawn starting one period from now, it is called as ordinary ...

Q: te solution and box the fi

A: Since in this question, payments are not given, so we do by assuming it zero coupon discount bond.

Q: Which of these two companies is best for investment?  Trend Probability Rate of Retrun (Company A) ...

A: We need to calculate expected return rate of return from investment by multiplying the probability w...