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Hi, I need help with my Managerial Finance assignment please... Friedman Roses, Inc. needs $90,000 in funds for expansion. With a compensating balance requirement of
Hi, I need help with my Managerial Finance assignment please...
Friedman Roses, Inc. needs $90,000 in funds for expansion. With a compensating balance requirement of 21%, how much will the firm need to borrow? (Round your answer to the nearest dollar amount.) $23,924 $113,924 $90,000 $113,974 If you invest $26,000 at 7% interest, how much will you have in 15 years? Use Appendix A. (Round "FV Factor" to 3 decimal places.) $126,506 $71,734 $35,412 $9,412 How much must you invest at 12% interest in order to see your investment grow to $14,000 in 14 years? Use Appendix B. (Round "PV Factor" to 3 decimal places.) $2,236 $2,870 $2,271 none of these To save for her newborn son's college education, Lea Wilson will invest $19,000 at the beginning of each year for the next 15 years. The interest rate is 10 percent. What is the future value? Use Appendix C. (Round "FV Factor" to 3 decimal places.) $683,050. $79,363. $664,050. $636,541. Ambrin Corp. expects to receive $10,000 per year for 15 years and $11,500 per year for the next 15 years. What is the present value of this 30 year cash flow? Use an 12% discount rate. Use Appendix D. (Round "PV Factor" to 3 decimal places. Round your intermediate calculations to the nearest dollar value.) $82,444 $92,661 $146,437 none of these You will deposit $3,000 today. It will grow for 7 years at 8% interest compounded semiannually. You will then withdraw the funds annually over the next 5 years. The annual interest rate is 6%. Your annual withdrawal will be: Use Appendix A and Appendix D. (Round "PV Factor" and "FV Factor" to 3 decimal places.) $922 $4,481 $2,489 $1,234 A twelve-year bond, with par value equals $1,000, pays 12% annually. If similar bonds are currently yielding 10% annually, what is the market value of the bond? Use semi-annual analysis. Use Appendix B and Appendix D. (Round "PV Factors" to 3 decimal places, intermediate calculations and final answer to 2 decimal places.) $1,437.94 $1,137.94 $1,287.94 $1,087.94Step by Step Solution
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