Using the BA II Plus  how do I find the solution to  The Humpty Dumpty Food Store will be setting aside 35,000 each quarter starting next quarter, for the next four years. How much money will the firm have in four years if it can earn 6.25 % on its savings?

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Q: You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million…

A: Time value of money :— It means that value of money in present days has more as compared from same…

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A: Years 6 PMT 0 Future value 2300000 Interest rate 4.00%

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A: Formulas: Present value = Future value * PVF (2%,24) Interest rate = 8%/4 = 2% Number of periods =…

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A: Calculation of value in brokerage account in nine years:Firstly, convert 9% return into quarterly…

Q: You would like to save for a car. You would like to have $20,000 saved in 4 years. You decide to…

A: Future value required (FV) = $ 20,000 Annual interest rate = 6% Monthly interest rate (r) = 6%/12 =…

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A: The price of tickets increases with time and money required today would be the present value of…

Q: A young couple planning for their future is considering purchasing a franchise for pizza business.…

A: Here, Cost = $35,000 Total years = 5 years interest rate = 3% per quarter compounded daily

Q: monthly nominal rate of return must his investment earn for him to achieve his goal?  2. If the…

A: Present value refers to the value present today of the future stream of payments based on the…

Q: You expect to need $1500 in 3 years.  Your bank offers 4% compounded semi-annually.  How much money…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: Use Table 11-2 to solve the problem. Stuart Daniels estimates that he will need $22,000 to set up a…

A: Future Value Required = 22,000 N = 8  Interest Rate = 8% Compounded Quarterly Number of compounding…

Q: You have $2,100 to invest for 2 years. Which account should you choose to have the largest account…

A: Future Value: It is the future worth of the current amount and is computed by compounding the…

Q: If Say you want to buy your dream car, costing $40k, in 5 years. You are saving up for that by…

A: Car Cost = Future Value Required = 40,000 N = 60 months Monthly Interest Rate = 0.25% Monthly…

Q: You are interested in saving money for your first house. Your plan is to make regular deposits into…

A: Future Value = Present Value(1+r)n Future value is the present value compounded at interest rate

Q: A company plans to buy new equipment in 25 years. They will start by saving $1,370 at the end of…

A: Saving at the end of year = $ 1370 Annual growth rate = 3.5% Annual interest rate = 15.3% Period =…

Q: Use Table 11-2 to solve the problem. Stuart Daniels estimates that he will need $22,000 to set up a…

A: A concept that implies the future worth of the money is lower than its current value due to several…

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: Varian wants to have $500,000 in an investment account six years from now. The account will pay 6.96…

A: The periodic payments are made at regular intervals and are known as annuities. The payment interval…

Q: Problem # 2: Your company has a $500,000. loan for a new robotic machining center it just bought.…

A: Given, Present value of loan = $500,000 Interest rate (r) = 6% p.a Number of year (n) = 30 years

Q: You would like to save for a car. You would like to have $20,000 saved in 5 years. You decide to…

A: Recurring deposit is an annuity where same amount is deposited with an institution over cardinal…

Q: MY NOTES ASK YOUR TEACHER You are the finance manager for a particular company. The company plans to…

A: Since more than three parts are asked at a time, the answer for only first three is provided.…

Q: A small business is installing a solar energy system. They estimate it will save $100,000 in year 1,…

A: The present value of cash flows is calculated by valuing all the future cash flows in present terms…

Q: how much will they have in three years, if interest is 2.5% compound monthly?

A: Future Value = PV x (1 + r)^n Here, PV = Present Value or Amount Invested i.e. $16000 r = Periodic…

Q: You want to save money from your businessoperation to replace a truck that has been used indelivery.…

A: Given information: Replacement cost after 12 years is $60,000 Number of years is 12, Interest rate…

Q: You want to have $35,000 in cash to buy a car 3 years from today. You expect to earn 3.6 percent,…

A: In this we have to calculate present value of future value.

Q: uppose you save $4,000 per year at the end of each year for 30 years and earn 5% interest per year.…

A: Annual saving = $ 4000 Period= 30  Years Annual interest rate = 5%   As per formula         Value…

Q: TIME TO REACH A FINANCIAL GOAL You have $33,556.25 in a brokerage account, and you plan to deposit…

A: Given, Present value = $33556.25 Future value   = $220000 interest r         12/100 = 0.12% Years…

Q: You need $32,000 at the end of 10 years. If you can earn 0.625% per month, how much would you need…

A: Present value is the current value of future cash flows at a given discount rate. It is given as: PV…

Q: How many years will it take Rexchem, Inc., to accumulate $375,000 for a chemical feeder, if the…

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Q: Aaron has a goal of saving 26k to launch his own business. He has found an investment which will pay…

A: Future value of Ordinary Annuity = F = P * ([1 + I]^N - 1 )/I,   where P is the payment amount.…

Q: Homer Simson wants to eat more donuts in the future. He wants to be able to buy $6,200 of donuts in…

A: Amount of money required at the end of 1 year = 6200/1.054

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: 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: You need a quick loan and decide to use the local "payday" loan office. The loan is for $800 and you…

A: FV = PV*(1+r)^n, Where, Given that Loan obtained (PV) = $ 800 Loan amount paid (FV) = $ 1025…

Q: The Miller family wants to have $60,000 for future renovations for their home. They currently have…

A: We will use the concept of time value of money here. As per the concept of time value of money the…

Q: Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra…

A: The quarterly amount will be found using excel’s pmt function. It is the minimum amount that must be…

Q: It is likely that airplane tickets will increase 6% in each of the next 3 years. The cost of a plane…

A: Annual increase in tickets = 0.06 Interest rate = 0.01 or 1% Year Increase in ticket price Ticket…

Q: Suppose Kylie has an account that will grow to $382,000.00 in 16 years. It grows at 6.4% annual…

A: Given: Years = 16 future value = $382,000 Future value required = $559,000 Interest rate = 6.4%

Q: You are interested in saving money for your first house. Your plan is to make regular deposits into…

A: The future value means the rising value of today's sum at a specified future date given at a…

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: 1. Determine how much you will have saved after 9 years. 2. Determine the amount saved if you were…

A: Time value of money:   Time value of money is a vital concept to the investors, as it suggests them…

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…