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How do I complete these three problems on a financial calculator? preferably TI. Your department at work places $8,000 every year-end into an account earning
How do I complete these three problems on a financial calculator? preferably TI.
Your department at work places $8,000 every year-end into an account earning 5%. The money is used when the corporate office fails to fully finance your profitable projects. The money has not been touched since the first deposit was made exactly six years ago. If the most recent deposit was made today, how much money is currently in the account? 65,136.0676 Question 5 2/2 pts By choosing to attend college today, you have agreed to pay $17,000 per year in tuition and fees for the next five years. (What... you really thought that you would graduate in four years?) In addition to the tuition and fees, you have also given up the ability to work full time and earn $23,000 per year for the next five years. If your required rate of return is 5% (the U.S. long-run average rate of inflation plus an average real rate of return), what is the total cost in today's dollars of your college degree, assuming that all of the aforementioned cash flows are ordinary annuities? 173.179.0668 Question 6 2/2 pts You have just turned 27 and may now spend a portion of the trust fund your parents established for you. The terms of the trust fund allow you to withdraw 50 beginning-of-the-year cash flows of $40,000 each. An investment firm has offered to pay you cash for all of the fund today. If the rate they use to discount the cash flows is 14% per year, what is their offer price today for your pension fund? 325,249.13 Step by Step Solution
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