Question
In: Accounting
business fundamentals of tech professionals a series of monthly cash flows is deposited into an account...
business fundamentals of tech professionals
a
series of monthly cash flows is deposited into an account that
earns 12% nominal interest compounded monthly. Each monthly deposit
is equal to $2060. The first monthly deposit occurred on June 1,
2012 and the last monthly deposit will be on January 1, 2019. The
account (the series of monthly deposit, 12% nominal interest, and
monthly compounding) also has equivalent quarterly withdrawls from
it. the first quarterly withdrawl is equal to $5000 and occurred on
October 1, 2012. The last $5000 withdrawl will occur on January 1,
2019. How much remains in the account after the last
withdrawl?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
A gradient payment series is received monthly for 20 years and deposited into an account. The...
A gradient payment series is received monthly for 20 years and
deposited into an account. The first payment is $2,000 and the
gradient factor is $100 per month. What is the balance in the
account after the initial 20 years? AFTER the first 20 years, the
gradient factor is then doubled for an additional 10 years. At an
interest rate of 6% compounded monthly (throughout the 30 years).
What is the balance in the account after the last payment is...
16. Uneven cash flows A series of cash flows may not always necessarily be an annuity....
16. Uneven cash flows
A series of cash flows may not always necessarily be an annuity.
Cash flows can also be uneven and variable in amount, but the
concept of the time value of money will continue to apply.
Consider the following case:
The Purple Lion Beverage Company expects the following cash
flows from its manufacturing plant in Palau over the next five
years:
Annual Cash Flows
Year 1
Year 2
Year 3
Year 4
Year 5
$250,000
$37,500
$180,000...
1) A series of cash flows may not always necessarily be an annuity. Cash flows can...
1) A series of cash flows may not always necessarily be an
annuity. Cash flows can also be uneven and variable in amount, but
the concept of the time value of money will continue to apply.
Consider the following case:
The Purple Lion Beverage Company expects the following cash
flows from its manufacturing plant in Palau over the next five
years:
Annual Cash Flows
Year 1
Year 2
Year 3
Year 4
Year 5
$100,000
$20,000
$480,000
$450,000
$550,000
The...
A series of cash flows may not always necessarily be an annuity. Cash flows can also...
A series of cash flows may not always necessarily be an annuity.
Cash flows can also be uneven and variable in amount, but the
concept of the time value of money will continue to apply.
Consider the following case:
The Purple Lion Beverage Company expects the following cash
flows from its manufacturing plant in Palau over the next six
years:
Annual Cash Flows
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
$400,000
$37,500
$480,000
$450,000
$550,000...
Grant deposited $9,000 in an investment account. He receives a monthly return of $350 for 3...
Grant deposited $9,000 in an investment account. He receives a
monthly return of $350 for 3 years. After one year, he makes
another investment of $3,000 at the same bank, with monthly returns
of $250 for a year and a half. What is Grant’s IRR? (hint: first
combine the cash flow streams)
Lydia saved $1,345,000 for retirement. The money is deposited in an account earning 3.2% compounded monthly....
Lydia saved $1,345,000 for retirement. The money is deposited in
an account earning 3.2% compounded monthly. She is going to
withdraw $5500 per month for living expenses. Create a table
showing how much interest she earns each month and her monthly
balance for the first 5 months of her retirement. Do this by hand
with just the functions of a scientific calculator.
Suppose you deposited $50,000 in a bank account that pays 8.25% with monthly compounding. How much...
Suppose you deposited $50,000 in a bank account that pays 8.25%
with monthly compounding. How much would be in the account after 7
months?
Show all your work
Suppose you deposited $50,000 in a bank account that pays 8.25% with monthly compounding. How much...
Suppose you deposited $50,000 in a bank account that pays 8.25%
with monthly compounding. How much would be in the account after 7
months?
Josh deposited $800 in a savings account at 4.0% interest, compounded monthly. A) how much money...
Josh deposited $800 in a savings account at 4.0% interest,
compounded monthly.
A) how much money will josh have in his account after 4
years?
B) After how many years will josh have $2000 in his account(if
he does not withdraw any money)?
A principal amount P0 is deposited in a bank account earning 3% interest compounded monthly. After...
A principal amount P0 is deposited in a bank account earning 3%
interest compounded monthly. After 20 years there is $1000 in the
account. What was the principal P0?
Suppose you want to buy a house for $300, 000, but you only have
$100,000. You are able to make an investment that pays 7.3% annual
interest. If the interest is compounded continuously, how long will
it take before you can buy your new house?
You are made an offer. You...
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