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3 . Refer to the previous question. After 5 years of enjoying the house, you it for $ 8 0 0 , 0 0 0
Refer to the previous question. After years of enjoying the house, you it for $ and in the process incur a closing cost of of the sales price. The closing cost is for items like real estate sales commission and other charges typically incurred when selling a house. When you sell the house, after you pay off the mortgage, you will walk away with cash of to the nearest whole dollar:
a $
b $
c $
d $
e $
How long does it take for a given sum of money to triple if the interest rate is percent per day. The answer is provided in days rounded up
a days
b days
c days
d days
e Cannot be answered with the info given.
On behalf of your company, you sign a year contract for maintenance of lawn and shrub care with a Professional Landscaping Company. The contract stipulates that the firstyear charge will be $ payable at the end of st year. It also includes a statement that the charges for nd and subsequent years will be increasing at a preset rate of per year. If the interest rate is per year, what is the present value of this contract? Mark the correct answer very good approximate answer is shown a $
b $
c $
d $
e $
Jack and Jill want to get married years from now. To have a nice wedding party, they start saving as follows:
Jack contributes $ every month to an account that pays interest at per year compounded monthly.
Deposits are made at the end of every month.
Jill contributes $ every quarter to an account that pays interest at per year compounded quarterly. Deposits are made at the beginning of every quarter.
Together they open a joint savings account and deposit $ immediately. The account pays interest at compounded annually.
Together, how much money will J&J have for the wedding at the end of years? Answer to the nearest dollar. a $
b $
c $
d $
e $
Gary signs a year$milliondollar contract with an undisclosed basketball team where he is offered the following: A starting bonus of $ million, payable immediately, followed by $ million at the end of each of the years and followed by $ million at the end of each of years and followed by $ million at the end of each of years and
If Gary uses an interest rate of year, determine the present value of the contract decimal place accuracy:
a $ mil
b $ mil
c $ mil
d $ mil
e Cannot be determined with info given.
Dallas Delights is expected to pay their first annual dividend five years from today. That payment will be $ a share. Starting in year six, the company will increase the dividend by percent per year. The required return is percent. What is the value of this stock today?
a $
b $
c $
d $
e $
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