# Accounting/ financial management homework | Business & Finance homework help

Be dexterous to re-do production if innacurate/if you gave me a injustice repartee for one of the questions submitted by you.

The assignment consists of 22 questions.

Chapter 6 homeproduction 3 [removed][removed]

 1.   An boarding offers \$7,100 per year for 20 years, delay the earliest reimbursement occurring one year from now. If the required give-back is 7 percent, what is the estimate of the boarding? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 What would the estimate be if the reimbursements occurred for 45 years? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 What would the estimate be if the reimbursements occurred for 70 years? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 What would the estimate be if the reimbursements occurred eternally? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 2.   If you put up \$44,000 today in change for a 6.75 percent, 14-year annuity, what get the annual specie career be? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 Annual specie career \$ [removed]

 3.   If you pledge \$5,500 at the end of each of the introduce 15 years into an representation paying 11.30 percent cause, how ample specie get you possess in the representation in 15 years? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 How ample get you possess if you frame pledges for 30 years? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 4.   You failure to possess \$74,000 in your savings representation 11 years from now, and you’re dexterous to frame correspondent annual pledges into the representation at the end of each year. If the representation pays 6.30 percent cause, what sum must you pledge each year? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 Deposit sum \$ [removed]

 5.   The Maybe Pay Life Insurance Co. is hard to hawk you an boarding plan that get pay you and your heirs \$29,000 per year eternally. If the required give-back on this boarding is 5.30 percent, how ample get you pay for the plan? (Round your repartee to 2 decimal places. (e.g., 32.16))

6.   The Maybe Pay Life Insurance Co. is hard to hawk you an boarding plan that get pay you and your heirs \$20,000 per year eternally. Suppose a sales friend told you the plan costs \$465,000. At what cause scold would this be a serene traffic? (Round your repartee to 2 decimal places. (e.g., 32.16))

 7.   Find the EAR in each of the forthcoming cases (Use 365 days a year. Do not smooth interjacent calculations and smooth your decisive repartees to 2 decimal places. (e.g., 32.16)):

 Stated Scold (APR) Number of Times Compounded Effective Scold (EAR) 9.8 % Quarterly [removed]% 18.8 Monthly [removed] 14.8 Daily [removed] 11.8 Infinite [removed] 8.   Find the APR, or certain scold, in each of the forthcoming cases (Do not smooth interjacent calculations and smooth your decisive repartees to 2 decimal places. (e.g., 32.16)):

 Stated Scold (APR) Number of Times Compounded Effective Scold (EAR) [removed]% Semiannually 11.2 % [removed] Monthly 12.1 [removed] Weekly 9.8 [removed] Infinite 13.5

 9.   First National Bank jaw 14.2 percent compounded monthly on its employment mortgages. Earliest United Bank jaw 14.5 percent compounded semiannually.

 Calculate the EAR for Earliest National Bank and Earliest United Bank. (Do not smooth interjacent calculations and smooth your decisive repartees to 2 decimal places. (e.g., 32.16))

 EAR First National [removed]% First United [removed]%

As a possible mortgagor, which bank would you go to for a new mortgage?

 [removed] First National Bank [removed] First United Bank

 10.                     Barcain Credit Corp. failures to acquire an telling annual give-back on its consumer mortgages of 14.1 percent per year. The bank uses daily compounding on its mortgages. What cause scold is the bank required by law to relation to possible mortgagors? (Use 365 days a year. Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

Chapter 6 homeproduction 4

 11.                     What is the forthcoming estimate of \$1,900 in 18 years grand an cause scold of 7.2 percent compounded semiannually? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 12.                     Gold Door Credit Bank is offering 6.3 percent compounded daily on its savings representations. You pledge \$4,700 today. How ample get you possess in the representation in 4 years? (Use 365 days a year. Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 How ample get you possess in the representation in 12 years? (Use 365 days a year. Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 How ample get you possess in the representation in 19 years? (Use 365 days a year. Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 13.                     An boarding get pay you \$35,000 in 10 years. If the misspend remittance scold is 6.2 percent compounded daily, what is the introduce estimate? (Use 365 days a year. Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 14.                     You failure to buy a new sports coupe for \$84,500, and the finance business-post at the trafficership has quoted you a 6.6 percent APR mortgage for 48 months to buy the car.

 What get your monthly reimbursements be? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 Monthly reimbursement \$ [removed]

 What is the telling annual scold on this mortgage? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 Effective annual scold [removed]%

.

 15.                     You are planning to frame monthly pledges of \$310 into a seclusion representation that pays 9 percent cause compounded monthly. If your earliest pledge get be made one month from now, how abundant get your seclusion representation be in 35 years? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 16.                     You are planning to frame annual pledges of \$6,330 into a seclusion representation that pays 10 percent cause compounded monthly. How abundant get your representation estimate be in 28 years? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 17.                     The misspend remittance scold for the forthcoming specie careers is 8 percent compounded pityly.

 Year Cash Flow 1 \$ 900 2 980 3 0 4 1,570

 What is the introduce estimate of the specie careers? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 18.                     The misspend remittance scold for the forthcoming specie careers is 7.58 percent per year.

 Year Cash Flow 1 \$ 2,520 2 0 3 3,960 4 2,210

 What is the introduce estimate of the specie careers? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 19.                     You are looking at an boarding that has an telling annual scold of 14.6 percent. What is the telling semiannual give-back? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 Effective semiannual give-back [removed]%

 What is the telling pityly give-back? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 Effective pityly give-back [removed]%

 What is the telling monthly give-back? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 Effective monthly give-back [removed]%

 20.                     You failure to be a man-of-fortune when you secede in 35 years.

 How ample do you possess to husband each month if you can acquire an 11.8 percent annual give-back? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 Savings per month \$ [removed]

 How ample do you possess to husband each month if you hold 10 years precedently you start your pledges? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 Savings per month \$ [removed]

 How ample do you possess to husband each month if you hold 20 years precedently you start your pledges? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 Savings per month \$ [removed]

 21.                     Suppose an boarding offers to triple your specie in 36 months (don’t estimate it). What scold of give-back per pity are you being offered? (Round your repartee to 2 decimal places. (e.g., 32.16))

 22.                     Given an cause scold of 4.2 percent per year, what is the estimate at determination t = 7 of a perennial current of \$2,600 reimbursements that starts at determination t = 15? (Do not smooth interjacent calculations and smooth your decisive repartee to 2 decimal places. (e.g., 32.16))

 Perpetuity estimate \$ [removed]