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- Assume that you will borrow $400, 000 from a bank that charges 4.5 percent interest compounded monthly and repay the loan with monthly equal payments at the end of each month over the next 15 years. How much will be the monthly payments? If you are given a choice of investing at 7.65 percent compounded annually or 7.50 percent compounded monthly, which would you prefer? Why? How much must Jane invest today at 3.5 percent interest compounded quarterly to have $20, 400 in 6 years? What annual rate of return must Sam earn on your $150,000 to have $320, 000 in 10 years? If the discount rate is 4.5 percent, what is the present value of a perpetual cash flow on $1.150 per year? Mike will invest $1,500 at the end of each month for 8 years. If he can earn 6 percent compounded monthly, how much will he have in 8 years? Lisa is trying to decide how much she should pay for an investment that generates the following stream of future cash flows: Year Cash flow ($ ) 1 45,000 2 15,000 350,000 4…Jeanelle is planning to borrow money amounting to ₱ 250,000.00 Limbon Rural Bank is offering 1.25% compounded semi – annually, while Buli Cooperative Bank offers 1% compounded monthly. 11.How much will be the maturity value after 5 years if he borrows from Limbon Rural Bank? a. ₱ 266,071.86 b. ₱ 207,660.68 c. ₱ 367,071.88 d. ₱ 376,716. 66A student graduates from college with $31,000 in student loans with a 5.6% annual simple interest rate. In order to reduce his debt as quickly as possible, beginning next month he is going to pay $600 per month towards the loan. After his first payment, how much will he owe on the loan? After his first payment, he will still owe $ (Round to the nearest cent as needed.) on his loan.
- Billy has 44,000 dollars to invest in a stock market. He wants to be advised on this matter, by a guy named Sam, who would do it for a fee. Sam tells Billy that there is a one-year investment that provides 13 percent interest, compounded monthly. a)What is the effective annual interest rate based on a 12 percent nominal annual rate and monthly compounding? b)Sam says that he can make the investment for a fee of 2 percent of the investment's value one year from now. if you invest 44,000 today, how much will you have at the end of one year (before Sam's fee)? c)What is the effective annual interest rate of this investment, including Sam's fee?For your loan, there are 180 payments remaining, the outstanding balance is $350,000, the mortgage rate is 7.50% and. Suppose rate drops and you can refinance your loan at 6.75% with the same term but the refinancing fee is $10,000. Should you refinance and if so, how much do you save each month if you refinance, round to nearest cents? If not then why not? Jack owns 2,000 shares of common stock in a firm with 100,000 total shares outstanding. The firm announces its plan to sell an additional 50,000 shares and offers pre-emptive rights offering. The company offers a $2 discount and the price before the offering is $25, how much does he pay when he exercises the pre-emptive rights?An investor needs to collect $2,000 in 18 months. If she can earn 6% at the bank, compounded quarterly, how much must she deposit today? Assuming that a $45,000 shop loan is financed at 12% over 4 years, what is the monthly shop payment? Jane invests $2,000 each year, starting one year from now, in a retirement account. If the investments earn 8% or 10% annually over 30 years, the amount Jane will accumulate is closest to what amount for 8 % and 10% respectively.
- An investor needs to collect $2,000 in 18 months. If she can earn 6% at the bank, compounded quarterly, how much must she deposit today? Assuming that a $45,000 shop loan is financed at 12% over 4 years, what is the monthly shop payment? Jane invests $2,000 each year, starting one year from now, in a retirement account. If the investments earn 8% or 10% annually over 30 years, the amount Jane will accumulate is closest to what amount for 8 % and 10% respectively. Answer 2 &3Tran Jiang has $2,000 to invest. Usually, he would deposit the money in his savings account, which earns 6% interest compound monthly. However, he is considering three alternative investment opportunities: Purchase a bond for $2,000. The bond has a face value of $2,000 and pays $100 every 6 months for three years, after which time the bond matures. Buying and holding a stock that grows 11% per year for 3 years. Making a personal loan of $2,000 to a friend and receiving $150 per year for 3 years. Determine the equivalent cash flows for each option and select the best option.A student graduates from college with $49,000 in student loans with a 6.8% annual simple interest rate. In order to reduce his debt as quickly as possible, beginning next month he is going to pay $800 per month towards the loan. After his first payment, how much will he owe on the loan?
- Suppose you are getting a loan from a bank to purchase a feed business. The interest rate on the loan is 8 percent, the amount of the loan is $1, 000, 000. The loan is for 15 years compounde annually.You are interested in saving money for your first house. Your plan is to make regulardeposits into a brokerage account that will earn14 percent. Your first deposit of $5,000 will be made today. You also plan to make fouradditional deposits at the beginning of each of the next four years. Your plan is to increaseyour deposits by 10 percent a year. (That is, you plan to deposit $5,500 at t = 1, and $6,050at t = 2, etc.) How much money will be in your account after five years? a. $24,697.40b. $30,525.00c. $32,485.98d. $39,362.57e. $44,873.90Ishraf got his driving license one week back, and he wants to buy a new car for 12,50000Tk. He has lump sum amount of 375000Tk. today to invest. Ishraf is a risk averse investor and he has following investment options after approaching different banks. BRAC Bank offers 12.25% term deposit compounded semi-annually. NRB Bank offer 12% term deposit compounded quarterly. Padma Bank offers 12.85% term deposit compounded monthly. Calculate how long will it take for Ishraf to accumulate enough money to buy a car in each of the three cases
