Question
MUST SHOW WORK ON ALL!!!!! 1. Bank X offers one-year CDs that yield 2.4% APR, compounded monthly. Bank Y offers one-year CDs that yield 2.4%
MUST SHOW WORK ON ALL!!!!!
1. Bank X offers one-year CDs that yield 2.4% APR, compounded monthly. Bank Y offers one-year CDs that yield 2.4% APY. Both banks are FDIC insured. Which bank (X or Y) should you choose to buy one-year CDs? Why? MUST SHOW WORK!!!!!
2.Construct an income statement based on the information given below. Note that not all listed items are needed to build the income statement. You need to pick (only) the right parts! MUST SHOW WORK!!!!!
3. Kevin bought a new home theater system for $5020. He signed a loan agreement to make 42 monthly payments of $155 each month. What is the APR on the loan? What is the APY on the loan? Keep four decimal places in your answers. Show your work and highlight your final answers.MUST SHOW WORK!!!!!
N | I/Y | PV | PMT | FV |
Accounts payable = $10236 Fixed assets = $25841
Average tax rate = 20% Interest expense = 8% of total debt
Cash = $2263 Net revenue = $37582
Cost of Goods Sold = $13524 New working capital = $1259
Depreciation = $4585 Selling, General & Admin = $4867
Dividend payment = $1553 Total debt = $19450
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4. Suppose you invest money at 9.2% per year. How many years will it take to triple (3X) your money? Show your work and highlight your final answers. .MUST SHOW WORK!!!!!
N | I/Y | PV | PMT | FV |
5. Find the present value of an annual annuity where the first cash flow will be 8 months from today. There are 5 cash flows in all, each in the amount of $5,000. The APY is 23% per year. Show your work and highlight your final answers. MUST SHOW WORK!!!!!
N | I/Y | PV | PMT | FV |
PLEASE SHOW WORK ON ALL QUESTIONS
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