Question
In: Accounting
11. Within 5 years and three months from now on you will go to college and...
11. Within 5 years and three months from now on you will go to college and wish to be able to withdraw $ 3,000 each quarter from your bank account to cover college expenses for the next four years of the race . If the account pays 3.65% interest, how much do you need to have in your bank account today to meet your spending needs during the next four years? How much you need to deposit each month until you start your career to meet your spending needs during the next four years.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Your only child will go to college 10 years from now. Your salary is $80,000 a...
Your only child will go to college 10 years from now. Your
salary is $80,000 a year, and is expected to rise with inflation,
which is about 3% annually. Tuition is currently about $40,000 a
year, but growing by 5% yearly. What percentage of your salary
would go to pay for the first year of your child's college
education?
(Please work this out thoroughly, need to understand the work
process)
Go to the internet and find a news article published within the last three months that...
Go to the internet and find a news article published within the
last three months that discusses balancing the federal budget of
the U.S. and fiscal policy, summarize key points and post in the
Discussions area. Discuss the current level of the Federal budget
deficit and the implications of the deficit. Support a proposal for
addressing these concerns. Reflection – the students also should
include a paragraph in the initial response in their own words
reflecting on specifically what they...
Go to the internet and find a news article published within the last three months that...
Go to the internet and find a news article published within the
last three months that discusses trade deficit of the U.S.,
summarize key points and post in the Discussions area. Discuss the
level of the current trade deficit and make a recommendation for
addressing the current deficit. Discuss the role that the value of
the dollar plays in trade deficits.
Go to the internet and find a news article published within the last three months that...
Go to the internet and find a news article published within the
last three months that discusses balancing the federal budget of
the U.S. and fiscal policy, summarize key points and post in the
Discussions area. Discuss the current level of the Federal budget
deficit and the implications of the deficit. Support a proposal for
addressing these concerns.
Go to the internet and find a news article published within the last three months that...
Go to the internet and find a news article
published within the last three months that discusses
macroeconomic effects of exchange rates, summarize key points and
post in the Discussions area.
Go to the internet and find a news article published within the last three months that...
Go to the internet and find a news article
published within the last three months that discusses
perfect competition, summarize key points and post in the
Discussions area.
Reflection – the students also should include a
paragraph in the initial response in their own words
reflecting on specifically what they learned from the assignment
and how they think they could apply what they learned in the
workplace.
Go to the internet and find a news article published within the last three months that...
Go to the internet and find a news article published within the
last three months that discusses macroeconomic effects of exchange
rates, summarize key points and post in the Discussions area.
Reflection – the students also should include a paragraph in the
initial response in their own words reflecting on specifically what
they learned from the assignment and how they think they could
apply what they learned in the workplace.
You want to begin a college fund for your newborn child; you hope to accumulate $240,000 within 18 years from now.
Present Value of a Future Amount. You want to begin a college fund for your newborn child; you hope to accumulate $240,000 within 18 years from now. If you are able to invest at 11% compounded annually, how much must you invest in a lump sum today to realize the $240,000 when needed?
Debts of $3800.00 due three months from now and $3600.00 due twenty-one months from now are...
Debts of $3800.00 due three months from now and $3600.00 due
twenty-one months from now are to be settled by two equal payments
due in three months and nine months from now respectively.
Determine the size of the equal replacement payments if interest is
5.5% p.a. compounded quarterly.
Debts of $6800.00 due three months from now and $2600.00 due twenty-one months from now are...
Debts of $6800.00 due three months from now and $2600.00 due
twenty-one months from now are to be settled by two equal payments
due in three months and nine months from now respectively.
Determine the size of the equal replacement payments if interest is
5.5% p.a. compounded quarterly.
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