An airline records flight delays in and out of Chicago O'Hare airport for a year. The average delay for these flights is 12.66 minutes with a standard deviation of 4.17 minutes. For a sample of 77 flights, 91% of flights will have an average delay less than how many minutes?

Question 3 options:

You plan on starting a retirement fund at the end of the year. The fund earns 11% per year. You will invest X dollars into the fund. You plan to retire at the end of 40 years from now. Once you retire, you will take your entire retirement fund and transfer it into a safer investment that will only earn 5% interest per year compounded monthly. You will need $4000 per month for 30 years during your retirement to sustain your lifestyle. (After which point, RIP). Calculate exactly how much money you will deposit in your retirement account at the end of this year.

Your cousin who is the same age as you and with the same life expectancy and desired retirement age decides she will wait 10 years to start saving for retirement (so she will save for only 30 years). How much does she need to invest per year to achieve the same retirement nest egg as you when she retires?

Finally, your lazy best friend who is also your age decides he will wait 10 years to start saving for retirement just like your cousin. However, he will only save the same amount you save per year. He will retire at the same time as you and reinvest just like you do into a safer investment. He will try to live the same life style as you. How long after retirement (in months) before he is broke?

Jake Werkheiser decides to invest $4000 in an IRA at the end of each year for the next 5 years. If he makes these investments, and if the certificates pay 8%, compounded annually, how much will he have at the end of the 5 years?

(a) State whether the problem relates to an ordinary annuity or an annuity due.

ordinary annuityannuity due     

(b) Solve the problem. (Round your answer to the nearest cent.)

A family wants to have a $170,000 college fund for their children at the end of 14 years. What contribution must be made at the end of each quarter if their investment pays 7.5%, compounded quarterly?

(a) State whether the problem relates to an ordinary annuity or an annuity due.

ordinary annuityannuity due    

(b) Solve the problem. (Round your answer to the nearest cent.)

Sam deposits $400 at the end of every 6 months in an account that pays 5%, compounded semiannually. How much will he have at the end of 3 years?

(a) State whether the problem relates to an ordinary annuity or an annuity due.

ordinary annuityannuity due    

(b) Solve the problem. (Round your answer to the nearest cent.)

Grandparents plan to open an account on their grandchild's birthday and contribute each month until she goes to college. How much must they contribute at the beginning of each month in an investment that pays 10%, compounded monthly, if they want the balance to be $160,000 at the end of 18 years?

(a) State whether the problem relates to an ordinary annuity or an annuity due.

ordinary annuityannuity due    

(b) Solve the problem. (Round your answer to the nearest cent.)

Jane Adele deposits $1,400 in an account at the beginning of each 3-month period for 9 years. If the account pays interest at the rate of 12%, compounded quarterly, how much will she have in her account after 9 years?

(a) State whether the problem relates to an ordinary annuity or an annuity due.

ordinary annuityannuity due    

(b) Solve the problem. (Round your answer to the nearest cent.)

What is the PV of $100 per year for 5 years with a lump sum in year 5 of $1,000 if the rate is 5%

As a result of certain debt obligation a company must pay $15000 a year for the next 10 years. The next payment is due one year from now. The company wants to cancel this debt over the next 4 years. If the interest rate is 9% compounded annually, what is the payment for the next 4 years?

At the end of its fiscal year, the adjusted trial balance of Crane Company is as follows:

CRANE COMPANY Adjusted Trial Balance July 31, 2017

Debit Credit Cash $2,850 Accounts receivable 11,420 Prepaid rent 500 Supplies 750 Debt investments 8,000 Equipment 19,950 Accumulated depreciation—equipment $5,700 Patents 18,300 Accounts payable 4,265 Interest payable 750 Unearned revenue 2,050 Notes payable (due on July 1, 2019) 45,300 B. Crane, capital 28,285 B. Crane drawings 16,900 Service revenue 74,100 Interest revenue 320 Depreciation expense 2,850 Interest expense 3,000 Rent expense 18,550 Salaries expense 36,850 Supplies expense 20,850 $160,770 $160,770 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit July 31 (To close revenue accounts) July 31 (To close expense accounts) July 31 (To close profit to capital) July 31 (To close drawings account)

You plan on starting a retirement fund at the end of the year. The fund earns 11% per year. You will invest X dollars into the fund. You plan to retire at the end of 40 years from now. Once you retire, you will take your entire retirement fund and transfer it into a safer investment that will only earn 5% interest per year compounded monthly. You will need $4000 per month for 30 years during your retirement to sustain your lifestyle. (After which point, RIP). Calculate exactly how much money you will deposit in your retirement account at the end of this year. Your cousin who is the same age as you and with the same life expectancy and desired retirement age decides she will wait 10 years to start saving for retirement (so she will save for only 30 years). How much does she need to invest per year to achieve the same retirement nest egg as you when she retires? Finally, your lazy best friend who is also your age decides he will wait 10 years to start saving for retirement just like your cousin. However, he will only save the same amount you save per year. He will retire at the same time as you and reinvest just like you do into a safer investment. He will try to live the same life style as you. How long after retirement (in months) before he is broke?

An investor buys a 5-year bond with a coupon rate of 6.5% at a price that reflects a yield to maturity of 10.9%. Interest is paid semiannually. Exactly one year later, after receiving the second coupon payment, the investor sells the bond for 97% of par value. What was the investor’s rate of return on the bond investment for the year? Enter your answer as a decimal out to four decimal places. As an example, you would enter 1.146% as 0.0146. If the return was negative, use a leading dash when entering your answer.

The following is a list of national income figures for a given year. All figures are in billions. The ensuing question will ask you to determine the major national income measures by both the expenditures and income approaches. The answers derived by each approach should be the same.

Consumption expenditure on durable goods……………………………………………………………..50

Transfer payments………………………………………………………………………………………..12

Rents……………………………………………………………………………………………………..14

Capital consumption allowance (depreciation)…………………………………………………………..27

Social security contribution………………………………………………………………………………20

Interest……………………………………………………………………………………………………21

Proprietors’ income……………………………………………………………………………………….45

Dividends…………………………………………………………………………………………………16

Compensation of employees…………………………………………………………………………….248

Indirect business taxes (taxes on production and imports).………………………………………………18

Undistributed corporate profits…………………………………………………………………………...22

Personal taxes…………………………………………………………………………………………….26

Corporate income taxes…………………………………………………………………………………..19

Consumption expenditure on non-durable goods………………………………………………………..95

Gross private domestic investment………………………………………………………………………62

Exports.……………………………………………………………………………………………………7

Imports….…………………………………………………………………………………………………9

Personal savings………………………………………………………………………………………….16

Corporate profits…………………………………………………………………………………………57

Consumption expenditure on services…………………………………………………………………..143

Federal government purchase of goods and services…………………………………………………….35

State and local government purchases of goods and services…………………………………………....47

***SHOW ALL OF YOUR WORK/CALCULATIONS!

1. Use the above data to determine the GDP by the Expenditure Approach and Income Approache
2. Compute the NDP
3. Compute the NI
4. Compute the DI if PI = $336

A firm initiates a 4 year project with an investment of $50,000. Assume that this initial investment is depreciated using the straight line method. There is no salvage value at the end of the project. Under this project a certain product is produced and sold. Key financial information is provided below:

1. What is the NI break-even?

2. What is the NPV break-even? Assume that r = 9%.
   
3. Is the NI BE conservative or aggressive compared to the NPV BE? Why? (1-2 sentences)