Question
In: Finance
A. A beverage company hires a manager to work in China. The contract states that if...
A. A beverage company hires a manager to work in China. The contract states that if the manager works there for 3 years she will receive an extra bonus of $ 5,000 at the end of each quarter for 6 years following her assignment. Find the lump sum that would have to be deposited today to equal the ending value of the annuity after 6 years assuming money can earn 5.2% interest compounded quarterly.
B. Betty's Cola, Inc. will need a new bottling machine in 5 years and has been told to deposit $10,000 at the end of each quarter for 5 years to accumulate the needed funds. Assuming money can earn 6% compounded quarterly, what lump sum deposited today will generate the same ending value of the annuity after 5 years?
C. Sandy Chen borrows money at 8% compounded quarterly for her college tuition fee. She agrees to repay the note with a payment of $2,000 per quarter for 5 years. What is this annuity worth today?
D. Monica took out a loan for a new business. She needed $665,000 for start-up costs. She used $65,000 of her own money and took out the loan for the remaining $600,000. Assuming it is a 30-year loan at 7.2% compounded monthly, find the amount of her monthly payment.
Please explain each question :)
Solutions
jeff jeffy answered 1 year agoRelated Solutions
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please present a law case in contract law in china
please present a law case in contract law in china
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