You want to begin saving for your retirement. You plan to contribute $12,000 to the account at the end of this year. You anticipate you will be able to increase your annual contributions by 3% each year for the next 45 years. If your expected annual return is 8%, how much do you expect to have in your retirement account when you retire in 45 years?
- You want to begin saving for your retirement. You plan to contribute $12,000 to the account at the end of this year. You anticipate you will be able to increase your annual contributions by 3% each year for the next 45 years. If your expected annual return is 8%, how much do you expect to have in your retirement account when you retire in 45 years?
- If current interest rate is 28%, a Treasury Bill with 91 days to maturity, and a face value of GH¢ 50,000 should have a market value of?
- Assuming you bought a 182-day Treasury Bill with a face value GH¢20,000.00 and held it for 45 days. If you want to sell it and interest rate is currently at 25%, at what price will you sell it?
- A Treasurer buys a 6-month CD issued by a top-class bank with a tenor of 180 days at a yield of 16%. The face value at issue is GH¢10m. In 90-days time the buyer sells the CD when the 3-month secondary market for CDs issued in the names of top-class banks is 40/14.50. The buyer has held the CD for 90days, but now wants his cash back.
What is the return on the investment for the Treasurer?
- Prepare a Cash
forecast for the below information
The sales and purchases for Ahemba Ltd are as follows:
Month April May June
Credit Sales $160,000 $140,000 $192,000
Credit Purchase $ 68,000 $64,000 $80,000
The company will pay wages of $8,000, $7,000 and $8,400 in April, May and June respectively. Interest payments are 3,000 per month during the period. The company will purchase equipment costing $50,000 and $4,000 in June. Ahemba Ltd estimates that 10% of its sales will be collected in the month of the sales; and the rest of its sales will be collected in the following month. Purchases on trade accounts will be paid in the month following the purchase. In March the sales were $180,000. The company has $20,000 cash at the end of March and normally keeps $10,000 minimum cash balance each month against contingencies.
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