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I need help with these questions please. How to solve these by using financial calculator (steps of the calculator) 4. A financial analyst tells you
I need help with these questions please. How to solve these by using financial calculator (steps of the calculator)
4. A financial analyst tells you that investing in stocks will allow you to triple your money in 15 years. What annual rate of return is the analyst assuming you can 7o earn? - Pua?? they 15 5. You estimate you'll need $100,000 per year for 30 years starting one year from your 65th birthday to live on during your retirement. Today is your 50th birthday and you want to make equal deposits into an account paying 7% per year, the first deposit in one year. How much must each deposit be? #4 3 81 PU - 340, 904 6. Bill borrowed $100,000 today that he must repay in 10 annual end-of-year installments of $14,902. What annual interest rate is Bill paying on his loan? 2.418678% 7. Your firm has a loan on a piece of equipment. The loan was secured on January 1 and it is now December 31. You need to compute the interest paid this year on this loan for tax purposes. The loan was $80,000; it was a 10-year loan @ 9% with monthly payments. If you have made the first eleven payments, how much interest have you paid this year? Port, #1013.41 6425 HP 1Obll Financial Calculator 1,180.36 (PV I/YR NOM% PMT P/YR FV AMORT XP/YR EFF% INPUT MU CST IRR/YR PRC MAR BEG/END NPV CFi SWAP %CHG RND +/- -M RM M+ RCL STO Xx? CLE y 7 8 Oxo CALL IN + ON = OFF * DISP 4. A financial analyst tells you that investing in stocks will allow you to triple your money in 15 years. What annual rate of return is the analyst assuming you can 7o earn? - Pua?? they 15 5. You estimate you'll need $100,000 per year for 30 years starting one year from your 65th birthday to live on during your retirement. Today is your 50th birthday and you want to make equal deposits into an account paying 7% per year, the first deposit in one year. How much must each deposit be? #4 3 81 PU - 340, 904 6. Bill borrowed $100,000 today that he must repay in 10 annual end-of-year installments of $14,902. What annual interest rate is Bill paying on his loan? 2.418678% 7. Your firm has a loan on a piece of equipment. The loan was secured on January 1 and it is now December 31. You need to compute the interest paid this year on this loan for tax purposes. The loan was $80,000; it was a 10-year loan @ 9% with monthly payments. If you have made the first eleven payments, how much interest have you paid this year? Port, #1013.41 6425 HP 1Obll Financial Calculator 1,180.36 (PV I/YR NOM% PMT P/YR FV AMORT XP/YR EFF% INPUT MU CST IRR/YR PRC MAR BEG/END NPV CFi SWAP %CHG RND +/- -M RM M+ RCL STO Xx? CLE y 7 8 Oxo CALL IN + ON = OFF * DISP
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