Diana Rene’s deposited an inheritance of 13,050 in a bank account and earned 435 in Simple bankers interest at a rate of 10.5% find the length of time the money was on deposit
Q: Bond J has a coupon rate of 4.2 percent. Bond K has a coupon rate of 14.2 percent. Both bonds have…
A: Bond J Compound = semiannually = 2 Coupon rate = 4.2 / 2 = 2.1% Time = t = 10 * 2 = 20 semiannually…
Q: Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost…
A: After-tax salvage value refers to the amount of equipment after the completion of its useful life…
Q: nod, what si
A: 5 years old kid. One of the spouses is not working. First of all, find the number of years taken by…
Q: Denim Inc. sells printers for $255.00 each. The variable costs per printer are $57.00 and the fixed…
A: selling price per printer = s = $255 Variable cost per printer = vc = $57 Fixed cost = fc = $110,000…
Q: Olympic Sports has two issues of debt outstanding. One is a 9% coupon bond with a face value of $20…
A: The before-tax cost of debt is the effective interest rate that a company pays on its debt…
Q: For a total accumulated amount of $3639.55, a principal of $2000, and a time period of 9 years, use…
A: Compound = monthly = 12 Future value = fv = $3639.55 Present value = pv = $2000 Time = t = 108
Q: How long will it take to build up a fund of $10,000 by saving $300 at the beginning of every six…
A: An annuity is a financial product that provides a stream of income payments at fixed intervals,…
Q: Consider the following future value. (Round your answers to the nearest cent.)$4,472 at 10 3/4%…
A: The present value represents the amount of money that needs to be invested now to achieve the future…
Q: Robert Gillman, an equity research analyst at Gillman Advisors, believes in efficient markets. He…
A: The annualized percentage rate of growth in a fund's payment over time is known as its dividend…
Q: Although appealing to more refined tastes, art as a collectible has not always performed so…
A: Step 1 The change in an investment's value expressed as a percentage is known as the annual rate of…
Q: Which of the following would you NOT consider when making a capital budgeting decision? A. the…
A: While making decisions on the capital budget, the cost of marketing research conducted in the…
Q: Consider a student loan of $ 10,000 at a fixed APR of 9% for 4 years. aCalculate the monthly payment…
A: Student loans are generally paid by fixed monthly installments and these fixed payments include the…
Q: Once upon a time, there was an amazing group of students who studied at Cronfwoman University.…
A: To assess the investment opportunity for the sandwich shop, we need to analyze the potential revenue…
Q: Consider a loan of $7300 at 4.4% compounded semiannually, with 18 semiannual payments. Find the…
A: Amortization Schedule: Amortization schedule refers to a schedule of loan amortization that shows…
Q: 6. If you deposit $4,000 now, $5,000 at the end of 2 years and $6,000 at the end of 5 years into an…
A: The concept of money's time value reveals that any sum currently is worth more as compared to the…
Q: Consider a portfolio of a 1-year zero coupon bond with face value 2,000 and a 10-year zero coupon…
A: Portfolio: Bond 1 -1-year zero coupon bond with a face value of 2,000 Bond 2 -10-year zero coupon…
Q: Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is…
A: Dividend = $11 Net Price = $80.96
Q: An investor enters a short forward contract to sell 100 euros for dollars at exchange rate 1.3…
A: For the first question, we can calculate the dollar payoff as follows: The investor has agreed to…
Q: A bond pays 9% yearly interest in semi-annual payments for 6 years. The current yield on similar…
A: Companies issue bonds to raise debt capital. The issuing company pays periodic interest to the bond…
Q: Mary is going to receive a 31-year annuity of $8,600 per year. Nancy is going to receive a…
A: Time = t = 31 years Interest rate = r = 9% Mary annuity = ma = $8600 Nancy perpetuity = np = $8600
Q: Alternative Trading System is a trading destination that does not publicly display any of their…
A: Alternative Trading Systems (ATSs) are non-exchange trading venues that provide traders with an…
Q: Porter Plumbing's stock had a required return of 10.25% last year, when the risk-free rate was 5.50%…
A: Old Required rate of return = 10.25% Risk free rate = rf = 5.50% old Market risk premium = old mrp =…
Q: Jarett & Sons's common stock currently trades at $22.00 a share. It is expected to pay an annual…
A: Formula; Cost of common equity = (D1 / P0) + g Where; D1 = Next dividend= $2.25 P0 = Current stock…
Q: If a bond issued on March 23, 2023 has par or face value of $1000.The bond will mature on March 22,…
A:
Q: Your investment club has only two stocks in its portfolio. $50,000 is invested in a stock with a…
A: Beta of portfolio is weighted average beta of all stocks in portfolio. Stock 1 Value = $50,000…
Q: Mai Tran plans to set aside $3,200 a year for the next six years, earning 5 percent. What would be…
A: Future value is the estimated value of current assets that is discounted at an assumed rate of…
Q: You and your spouse are in good health and have reasonably secure jobs. Each of you makes about…
A: DINK refers to double income, no kids category of insured. In this time of insurance category, both…
Q: Ankh-Sto Associates Co. is expected to generate a free cash flow (FCF) of $2,170.00 million this…
A: Intrinsic value per share is to be calculated by taking teh difference between the value of the…
Q: You have a depreciation expense of $478,000 and a tax rate of 35%. What is your depreciation tax…
A: The depreciation tax shield refers to the amount of money deducted from the taxable income of a…
Q: b. What risk do banks face when they use maturity transformation? The risk comes from maturity…
A: Maturity transformation is a financial process that involves borrowing money on a short-term basis…
Q: 10. Using foreign exchange derivatives Mobile Insurance Company (a U.S-based company) plans to…
A: A forward contract is a private agreement between two parties to buy or sell an asset at a specified…
Q: Consider a project with the following cash flows: Year 0 Year 1 -1000 1000 Year 2 1000 Year 3 -800…
A: The IRR of a project is a measure used to gauge the profitability of the project. It uses the NPV…
Q: Penny inherited a $200,000 portfolio of investments from her grandparents when she turned 21. The…
A: A portfolio return refers to the quantity that a portfolio diversification gets to earn or get to…
Q: Calculate the Price-to-Revenue transaction price is $550,000,000 660.500 0.200 Ratio for the…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: A family spends $30,000 a year for living expenses. If prices increase by 5 percent a year for the…
A: The future value of money is considered as the sum of money received after a period of time at a…
Q: Compare the alternatives below using present worth analysis at MARR 10% per year and a 3-year study…
A: It is a problem that requires the application of the net present value method to compare two…
Q: Dixie Dynamite Company is evaluating two methods of blowing up old buildings for commercial purposes…
A: The difference between the current value of cash inflows and outflow of cash over a period of time…
Q: Assuming directors of Unilever PLC have decided to purchase a new machine to enhance the capacity to…
A: Capital budgeting is a methodology that is used to evaluate potential projects or investments. There…
Q: You have two stocks. Stock A has a beta of 0.2, stock B has a beta of 0.7. If you want to form a…
A: Let the portfolio weight of stock A be a. Portfolio beta =Weight of stock A×Beta of stock A +…
Q: When it comes to the cost component of the BPM equation, what factors need organizations to take…
A: The cost component of the BPM (Business Process Management) equation refers to the expenses…
Q: Cost of common equity (rs) Before-tax cost of debt (rd) Marginal tax rate (T) Common shares…
A: A firm can raise funds from multiple sources and a mix of all these sources is regarded as the…
Q: Grupo Bimbo, although Mexican by incorporation, evaluates all business results, including financing…
A: We will fist have to convert the amount to be borrowed at the current spot rates in the foreign…
Q: You own a portfolio consisting of the following stocks. Calculate the expected return of the…
A: The expected return on a portfolio calculates the expected value of a portfolio. The probability…
Q: 19. Investors access real stock-price quotes minute-by-minute even on a smart phone. So why does…
A: The equation mentioned or provided in the question is that of the dividend discount model. The…
Q: 1. Calculate the standard deviation of both service providers and interpret which share carries the…
A: To calculate the standard deviation of the two service providers, we need to calculate the variance…
Q: Mr. Nel, an entrepreneur who is currently 55 years old, took early retirement from his business…
A: Return represents the reward for making an investment. Risk refers to the variability in returns.…
Q: Northwestern Electronics has a 1.85 beta. If the overall stock market increases by 6 percent, how…
A: To calculate the change in stock price we will use the below formula Change in stock price =…
Q: Analyse the information given in the table below and answer the questions below: Details Company A…
A: Earnings per share refer to the earnings of the company generated by the company per outstanding…
Q: You own a portfolio consisting of the following stocks. Calculate the expected return of the…
A: Portfolio beta is a measure of the systematic risk of a portfolio of investments, which reflects the…
Q: Business Simulation game
A: Business simulation games can be an excellent way to learn about finance, marketing, operations, and…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Bella deposits $6400 in a savings account at a bank that offers interest of 1.8% on such accounts. What is the value of the money in her savings account in two year's time? Select one: a. $6,630.4 b. $6,632.5 C. $8,911 O d. d. $6,505.2 <Assume that Louisa carried an average balance of $1,000 from her credit card purchases over the past year. The A.P.R. on her credit card for the past year was 19.99%. Approximately how much interest would Louisa have paid over the course of the year? She would have paid interest charges of $2,000. She would have paid interest charges of $20. The credit card company would have paid Louisa $20. She would have paid interest charges of $200.Michael Perez deposited a total of $3000 with two savings institutions. Bank A pays interest at the rate of 6%/year, whereas Bank B pays interest at the rate of 7% /year . If Michael earned a total of $196 in interest during a single year, how much did he deposit in each institution?
- Nick borrowed $6000 for 24 months from his bank using an 11 and a 1/2 percent discount note. A. How much interest did Nick pay the bank for the use of the money? B. How much did he receive from the bank?Frank deposites $885 into a savings account earning 2.8% exact simple interest . How much interest was earned in 165 days?Troy's financial records for the year reflect the following: Interest income from bank savings account: Taxable annuity receipts: Safe deposit box rental (to hold annuity documents): Investment interest expense: Troy's net investment income is $ investment interest deduction is $ 2,700 and his 675 X. $ 900 1,800 125 3,200
- 5. On June 1, Bertha Hammond deposited $545 in a savings account at Metro Sav- ings and Loan Association. At the end of November her interest was computed at an annual interest rate of 7%. How much simple interest did Bertha's money earn? 6. Jasper Brown deposited $743 20 in a savi pany on MayWAt the end O 7 % How much simple interest did dasper s money earn? the Suburban Trust Com- annual rate ofMelisandre deposits $500 in an account paying an effective monthly interest rate 0.62708%. Kobe deposits $2,000 in an account paying an effective interest rate j₁. After 24 years they have the same amount in their accounts. What is j₁? a. 1.91427% b. 1.89687% C. 1.84466% d. 1.75765% e. 1.74025%Will borrowed$1205 from his bank for 16 months using a 4.1%discount note. Determine how much interest will paid the bank for the use of its money and how much Willreceivedfrom the bank.
- A woman borrowed $3800 from a bank for 3 months. A friend was cosigner of the woman's personal note. The bank collected 512% simple interest on the date of maturity. a) How much did the woman pay for the use of the money? b) Determine the amount she repaid to the bank on the due date of the note.Emily invested his savings of $1,625 in a savings account that was earning simple interest at 4.26% p.a. He also invested $3,325 in his friend's business at 0.42% p.m. a. What is the interest rate per month that is equivalent to 4.26% p.a.? 0.00 % Round to two decimal placesJune Peters deposits $6400 in a savings account at her bank. When she withdraws the money 8 months later, she receives a check for $6453.33. Assume simple interest and find the rate of interest paid by the bank.