Question
In: Finance
Suppose that 2 years ago you bought an old record player at a yard sale for...
- Suppose that 2 years ago you bought an old record player at a
yard sale for $8. You saw today on E-bay that the same record
player is selling for $55. If you were to sell the record play at
that price today, what would be the implied return percentage?
(Convert to a percent.
- An investment will pay $18,219 in 16 years. If the interest rate is 11.09%, how much is it worth today?
3 An investment will pay you $3,096 in 1 years if you pay $1,980 today. What is the implied rate of return? (Convert to a decimale.
- A company has purchased an asset for $149,748. If they require
a return of 11.82%, how much must they sell the asset for in 8
years?
- If you have $577 today and you think you can earn an interest rate of 6% per year, how many years until you have $982?
Solutions
Expert Solution
SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE
jeff jeffy answered 1 year agoRelated Solutions
Without excel or excel steps Review Question 2 Suppose you bought a house 12 years ago...
Without excel or excel steps
Review Question 2 Suppose you bought a house 12 years ago with a
30-year mortgage for $200,000. The mortgage has a fixed interest
rate of 7 percent compounded monthly. (a) What are the monthly
mortgage payments? (b) What is the amount if you pay off your
mortgage today? You just made the recent mortgage payment earlier
today. A. monthly mortgage payments ? B. of 360 payments 144 done,
216 left but I made one today...
Suppose that 10 years ago you bought a home for $120,000, paying 10% as a down...
Suppose that 10 years ago you bought a home for $120,000, paying
10% as a down payment, and financing the rest at 7% interest for 30
years.
This year (10 years after you first took out the loan), you check
your loan balance. Only part of your payments have been going to
pay down the loan; the rest has been going towards interest. You
see that you still have $92,678 left to pay on your loan. Your
house is now...
Suppose that 10 years ago you bought a home for $120,000, paying 10% as a down...
Suppose that 10 years ago you bought a home for $120,000, paying
10% as a down payment, and financing the rest at 7% interest for 30
years.
This year (10 years after you first took out the loan), you check
your loan balance. Only part of your payments have been going to
pay down the loan; the rest has been going towards interest. You
see that you still have $92,678 left to pay on your loan. Your
house is now...
Suppose that 10 years ago you bought a home for $170,000, paying 10% as a down...
Suppose that 10 years ago you bought a home for $170,000, paying
10% as a down payment, and financing the rest at 7% interest for 30
years. Your existing mortgage (the one you got 10 years ago)
How much money did you pay as your down payment?
How much money was your existing mortgage (loan) for?
What is your current monthly payment on your existing
mortgage?
How much total interest will you pay over the life of the
existing loan?...
1.Suppose that 10 years ago you bought a home for $160,000, paying 10% as a down...
1.Suppose that 10 years ago you bought a home for $160,000,
paying 10% as a down payment, and financing the rest at 9% interest
for 30 years.
Your existing mortgage (the one you got 10 years
ago)
How much money did you pay as your down payment?
2.How much money was your existing mortgage (loan) for?
3.What is your current monthly payment on your existing
mortgage?
4.How much total interest will you pay over the life of the
existing loan?...
Three years ago, you bought a 12% bond that had 7 years to maturity and a...
Three years ago, you bought a 12% bond that had 7 years to
maturity and a yield to maturity of 12%. Today (after the sixth
interest payment), you sold the bond when it is yielding 13%. What
is your annual rate of return for the three year period? All coupon
payments are semi-annual, and the par value is $1,000.
You bought your house five years ago and you believe you will be in the house...
You bought your house five years ago and you believe you will be
in the house only about five more years before it gets too small
for your family. Your original home value when you bought it was
$500,000, you paid 10 percent down, and you financed closing costs
equal to 3 percent of the mortgage amount. The mortgage was a
25-year fixed- rate mortgage with a 5 percent annual interest rate.
Rates on 30-year mortgages are now at 3...
1. You bought your house 5 years ago, and your original home value when you bought...
1. You bought your house 5 years ago,
and your original home value when you bought it was $450,000, you
paid 20% down and you financed closing costs equal to 4% of the
mortgage amount. The mortgage was a 30-year fixed rate mortgage
with a 6.5% annual interest rate. Rates on 30-year mortgages are
now at 5% if you pay 2 points upfront. Your refinancing costs will
be 2% of the new mortgage amount (excluding points). You won't
finance the...
Three years ago, you bought a house. You took out a $350,000.00 mortgage at 4.75% for...
Three years ago, you bought a house. You took out a $350,000.00
mortgage at 4.75% for 30 years. Now that interest rates have fallen
(beginning of year 4 of your current mortgage), you are considering
refinancing your existing loan with a new 30 year loan. Your new
loan must pay off the remaining balance of your old loan plus pay
for all of the fees, associated with the new loan. In addition to
all of the standard fees, you choose...
You bought a house two years ago and the hot water heater just died. You are...
You bought a house two years ago and the hot water heater just
died. You are considering replacing it with an updated version of
the same model, which would cost you $200 including installation.
Your family consumes about 110 gal of hot water daily, which costs
you $230 in utilities each year. The new tank comes with a 20-year
guarantee, and at the end of that time, you assume it would be
discarded and a new version installed, so zero...
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