What is the future value of $1,200, placed in a saving account for four years if the
Question:
What is the future value of $1,200, placed in a saving account for four years if the account pays 6.00%, compounded quarterly? (Your answer should be correct to two decimal places.)
Your brother, who is 6 years old, just received a trust fund that will be worth $24,000 when he is 21 years old. If the fund earns0.10interest compounded annually, what is the value of the fund today? Round to two decimal places.
If you were to borrow $8,000 over five years at0.11 compounded monthly, what would be your monthly payment? Round to two decimal places.
Use the following information to calculate your company's expected return.
State | Probability | Return |
Boom | 20% | 0.17 |
Normal | 60% | 0.12 |
Recession | 20% | -0.20 |
Round to two decimal places.
You have invested 30 percent of your portfolio in Jacob, Inc., 40 percent in Bella Co., and 30 percent in Edward Resources. What is the expected return of your portfolio if Jacob, Bella, and Edward have expected returns of0.03,0.18, and 0.12, respectfully?
Round to two decimal places.
A project has the following cash flows:
0 | 1 | 2 | 3 |
($500) | $120.00 | $200 | $250.00 |
What is the project's NPV if the interest rate is 6%?
Round to two decimal places.
Christopher Electronics bought new machinery for $5,120,000 million. This is expected to result in additional cash flows of $1,200,000 million over the next 7 years. What is the payback period for this project? Their acceptance period is five years.
Fundamentals Of Financial Management
ISBN: 9781111795207
11th Edition
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston