How much must you invest at 8% interest in order to see your investment grow to $22,000 in 10 years? (Round "PV Factor" to 3 decimal places.)
$9,552
$9,587
$10,186
none of these
Dr. J. wants to buy a Dell computer which will cost $3,000 four years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 10% annual return. How much should he set aside? Use Appendix C. (Round "FV Factor" to 3 decimal places and your final answer to 2 decimal places.)
$646.41
$621.41
$746.41
$696.41
Sharon Smith will receive $1.25 million in 30 years. The discount rate is 16%. As an alternative, she can receive $10,000 today. Which should she choose? Use Appendix B. (Round "PV Factor" to 3 decimal places.) Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
she should be indifferent.
the $1.25 million dollars in 30 years.
need more information.
$10,000 today.
PLEASE SHOW ALL WORK AND FORMULAS thanks
| How much must you invest at 8% interest in order to see your investment grow to $22,000 in 10 years? (Round "PV Factor" to 3 decimal places.) |
$9,552
$9,587
$10,186
none of these
| Dr. J. wants to buy a Dell computer which will cost $3,000 four years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 10% annual return. How much should he set aside? Use Appendix C. (Round "FV Factor" to 3 decimal places and your final answer to 2 decimal places.) |
$646.41
$621.41
$746.41
$696.41
| Sharon Smith will receive $1.25 million in 30 years. The discount rate is 16%. As an alternative, she can receive $10,000 today. Which should she choose? Use Appendix B. (Round "PV Factor" to 3 decimal places.) |
| Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. |
she should be indifferent.
the $1.25 million dollars in 30 years.
need more information.
$10,000 today.
PLEASE SHOW ALL WORK AND FORMULAS thanks
Related questions
| You will deposit $14,000 today. It will grow for 8 years at 10% interest compounded semiannually. You will then withdraw the funds annually over the next 6 years. The annual interest rate is 8%. Your annual withdrawal will be: Use Appendix A and Appendix D. (Round "PV Factor" and "FV Factor" to 3 decimal places.) |
$9,858
$7,866
$4,166
$6,611
| Lou Lewis borrows $12,000 to be repaid over 9 years at 8 percent. Repayment of principal in the first year is: Use Appendix D. (Round "PV Factor" to 3 decimal places. Round your intermediate calculations to the nearest dollar value.) |
$1,045
$1,921
$961
$1,188
| Mr. Blochirt is creating a college investment fund for his daughter. He will put in $6,000 per year for the next 16 years and expects to earn a 11% annual rate of return. How much money will his daughter have when she starts college? Use Appendix C. (Round "FV Factor" to 3 decimal places.) |
$235,140
$224,127
235,867
$223,114
PLEASE SHOW ALL WORK!! EVEN SIMPLE CALCULATIONS, THANKS
| Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $92,000. The annual cash inflows for the next three years will be: |
| Year | Cash flow | |||
| 1 | $ | 41,000 | ||
| 2 | 39,000 | |||
| 3 | 34,000 | |||
| (a) | Determine the internal rate of return using interpolation. Use Appendix B and Appendix D. (Round "PV Factor" and intermediate to 3 decimal places. Round final answer to 2 decimal places. Omit the "%" sign in your response.) |
| Internal rate of return | % |
| (b) | With a cost of capital of 10 percent, should the machine be purchased? | ||||
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