Financial Management I_FIN-2AB_20242
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One of your customers has just made a purchase in the amount of $13,600. You have agreed to payments of $300 per month and will charge a monthly interest rate of .90 percent. How many months will it take for the account to be paid off?
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You want to buy a house that costs $275,000. You will make a down payment equal to 10 percent of the price of the house and finance the remainder with a loan that has an APR of 5.45 percent compounded monthly. If the loan is for 20 years, what are your monthly mortgage payments?
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A company has a pension liability of $460,000,000 that it must pay in 29 years. If it can earn an annual interest rate of 4.2 percent, how much must it deposit today to fund this liability? (Assume annual compounding.)
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A company is evaluating a 5-year project that will provide cash flows of $40,900, $88,590, $63,490, $61,690, and $44,990, respectively. The project has an initial cost of $193,440 and the required return is 8.4 percent. What is the project's NPV?
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You want to have $28,000 saved 3 years from today in order to make a down payment on a house. To fund this, you will make deposits each week from your paycheck into an account that will earn 5.18 percent compounded weekly. How much must you deposit each week?
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Which of the following are advantages of the payback method of project analysis?
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You expect to receive $4,200 upon your graduation and will invest your windfall at an interest rate of .65 percent per quarter until the account is worth $5,575. How many years do you have to wait until you reach your target account value?
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Five years from today, you plan to invest $3,550 for 6 additional years at 5.7 percent compounded annually. How much will you have in your account 11 years from today?
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You deposited $2,850 into an account 7 years ago for an emergency fund. Today, that account is worth $4,160. What annual rate of return did you earn on this account assuming no other deposits and no withdrawals? (Assume annual compounding.)
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Your parents are giving you $250 a month for 4 years while you are in college. At an interest rate of .57 percent per month, what are these payments worth to you when you first start college in one month?
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