How much would you need to deposit in an account now in order to have $4000 in the account in 5 years? Assume the account earns 5% interest compounded monthly.

How much would you need to deposit in an account now in order to have $4000 in the account in 5 years? Assume the account earns 5% interest compounded monthly.

You have just won the lottery and will receive $540,000 as your first payment one year from now. you will receive payments for 26 years. The payments will increase in value by 4 percent each year...

If you have 2 assets: A has an expected return of 10% and has a standard deviation of 25%, B has an expected return of 8% and a standard deviation of 25%. For a portfolio with 1/2 weight...

Suppose I'm earning 2.5%/week on my account whose principal value is $500. Every two weeks I add $150 to the account. What will the value of the account be after 1 year? What is the formula (Pe^Rt...

The Cambridge Opera Association has come up with a unique door prize for its December 2019 fund-raising ball: Twenty door prizes will be distributed, each one a ticket entitling the bearer to receive...

You are given a choice of taking the simple interest on $ 100,000 invested for 3 years at a rate of 4% or the interest on $100 comma 000100,000 invested for...

6) You are given a choice of taking the simple interest on $100,000 invested for 2 years at a rate of 5% or the interest on 100,000 invested for 2 years at an interest rate 5% compound monthly...

2) A recent high school graduate received $ 700 in gifts of cash from friends and relatives. In addition, sheshe received three scholarships in the amounts of...

Can someone please help me answer this question I've been working on it for a while and I am stuck

Suppose the real rate on your investment is 5.5 percent and the inflation rate is 1.6 percent. What nominal rate would you expect to see on your investment? Use the Fisher Effect Formula. 6...

Ngata Corp. issued 12-year bonds 2 years ago at a coupon rate of 9.6 percent (APR). The bonds make semiannual payments. If these bonds currently sell for 99 percent of par value, what is the YTM (as...

Ashes Divide Corporation has bonds on the market with 19 years to maturity, a YTM of 10.0 percent (APR), and a current price of $1,236.50. The bonds make semiannual payments. What must the coupon...

Newman manufacturing is considering a cash purchase of the stock of Grips Tool. During the year just completed, Grips earned $3.43 per share and paid cash dividends of $1.73 per share (D0=$1.73)....

Tyler & Megan have a combined income of $105,000 per year. Neither Tyler's or Megan's employers have a matching plan. Each person will invest 15% of his/her income If the...

Wolverine deposits $1500 in a retirement savings plan at the end of every 6 months for 20 years. The money earns 11% per year compounded semi-annually. After 20 years, Wolverine coverts the retirement...

Farnaz must repay her $17000 student loan. She can afford to make monthly payments of $325. The bank's interest rate is 7.2% compounded monthly. Determine how long it will take Farnaz to repay her...

Matt is saving to buy a new motorcycle. If he deposits $40 at the end of each month in an account that pays an annual interest rate of 4.5%, how much will he have in 30 months? Assume that the compounding...

You deposit $4,000 in a savings account at a bank that has a rate of 4% compounded quarterly. Find the amount of money in the account after 5 years.

Hector and Yolanda want to establish a fund for their grandson's college education. What lump sum must they deposit at a 6.7% annual interest rate, compounded monthly, in order to have $30,000 in...

Deep's property tax is $626.78 and is due April 15. He does not pay until July 6. The county adds a penalty of 7.3% simple interest on unpaid tax. Find the penalty Deep will pay. (Assume there are...