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Need both questions. ....attempt if you will solve both questions. ...thanks   please provide excel functions as well rhank you

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An annuity due typically has a higher present value than an ordinary annuity. True O False

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practice problem please solve

fi CMP: Quiz 4.2.2 1) A first year college student borrows money (a loan) to help pay for the tuition. The student can borrow $8,000 at an APR of 4% compounded monthly and will not have to make any payments until graduation is complete. However the interest will start to Accrve When the loan is taken out. NAME A) Assuming graduation takes 4 years, what will the balance of the loan be when the student starts to pay monthly? Bal(n) = (Bal) (1 + √2)^ $300 per B) If the student only pays how the LOAN will the student have to pay balance reaches, long (assume the loAN will be paid when the balance reaches) $100. 12t OWED = (Bal) (1 + √₂2) 1¹²+ - (Payment) ( ( 1 + ²/12) ¹2 = 1 ) 7/12 month, 2

FUTURE VALUEIf you deposit $5,000 in a bank account that pays 10% interest annually to buy a car after you graduate from college, how much would be in your account after 5 years? Group of answer choices $5,000 $8,053 $5,900 $10,000

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4 Math Applications MyOpenMath You can afford a $200 per month car payment. You've found a 5 year loan at 7% interest. How big of a loan can you afford? Submit Question Search 1 04

Problem #1BA parent is now planning a savings program to put a daughter through college. She is 13 and plans to enroll in college in 5 years, and she should graduate 4 years later. Currently, the annual cost for college is $15,000 and is expected to increase 4% each year. The college requires that the costs be paid at the start (hint: beginning) of each year. The child now has $7,500 saved for college in an account and is expected to have a return of 6% annually. The parent will make six equal payments starting today and the sixth on the day she starts college and make no more additional payments. How much must each of the payments be to fully fund the college cost? Tip: Use PMT function at ‘END’ to solve and not ‘BEGINNING’. Think about what the ‘END’ parameter is doing to grow the cash flows. Treat ‘today’ as if the decision to make the investment in the college was 12 months ago and that ‘today’ is the first payment.Answer the following questions:4. How much of a gap that will need…

Problem #1BA parent is now planning a savings program to put a daughter through college. She is 13 and plans to enroll in college in 5 years, and she should graduate 4 years later. Currently, the annual cost for college is $15,000 and is expected to increase 4% each year. The college requires that the costs be paid at the start (hint: beginning) of each year. The child now has $7,500 saved for college in an account and is expected to have a return of 6% annually. The parent will make six equal payments starting today and the sixth on the day she starts college and make no more additional payments. How much must each of the payments be to fully fund the college cost? Tip: Use PMT function at ‘END’ to solve and not ‘BEGINNING’. Think about what the ‘END’ parameter is doing to grow the cash flows. Treat ‘today’ as if the decision to make the investment in the college was 12 months ago and that ‘today’ is the first payment. Answer the following questions:1. What is the expected cost of…

GEN. MATH choose 1 Situation.

Problem #1AA parent is now planning a savings program to put a daughter through college. She is 13 and plans to enroll in college in 5 years, and she should graduate 4 years later. Currently, the annual cost for college is $15,000 and is expected to increase 4% each year. The college requires that the costs be paid at the start (hint: beginning) of each year. The child now has $7,500 saved for college in an account and is expected to have a return of 6% annually. The parent will make five equal payments starting today and where the fifth and final payment will be one year before she starts college and will make no more additional payments. How much must each of the payments be to fully fund the college cost? Answer the following questions:1. What is the expected cost of college in each of the 4 years?2. How much will need to be in the account before the first payment to fully pay for college?3. How much will the initial savings grow to before the first payment is due?4. How much of a…

Problem #1AA parent is now planning a savings program to put a daughter through college. She is 13 and plans to enroll in college in 5 years, and she should graduate 4 years later. Currently, the annual cost for college is $15,000 and is expected to increase 4% each year. The college requires that the costs be paid at the start (hint: beginning) of each year. The child now has $7,500 saved for college in an account and is expected to have a return of 6% annually. The parent will make five equal payments starting today and where the fifth and final payment will be one year before she starts college and will make no more additional payments. How much must each of the payments be to fully fund the college cost?2. How much will need to be in the account before the first payment to fully pay for college?3. How much will the initial savings grow to before the first payment is due?4. How much of a gap that will need to be funded?5. What will the required payment need to be to fully fund the…

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Question 1

Question 1 To pay for her college education, Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account paying 12 percent interest. How much will Gina have in that account at the end of 8th year?

TIME VALUE OF MONEY QUESTIION Hak Young has accumulated some credit card debt while he was in college.  His total debt is now $13,864.82 and his credit card charges 19% interest compounded monthly.  He is getting worried about his debt and is determined to pay it off completely .  What would Hak Young’s minimum payment have to be in order to pay off his debt in 5 years?  What will be the total interest paid?    Specified Answer for: 1 [359.66] Specified Answer for: 2 [7714.78] Question 5       Hak Young is daunted by that monthly payment amount and is trying to figure out how he can make paying off his loan more manageable.  He went to his bank and found out he could get a personal line of credit that he could then use to pay off his credit card.  The line of credit has an interest rate of 9.75% compounded monthly .  Assuming he still planned to pay off his debt in 5 years, what would his monthly payments to the bank be now?  What will be the…

ok t nces Your friend Amber has approached you seeking advice concerning two investment opportunities that she is presently considering. Her classmate Simone has asked her for a loan of $500 to help establish a small business; her neighbor Riley would like to borrow $515 as a personal loan. One year from now, Amber's original investment will be returned in either case, along with $45 of income from Simone or $48 of income from Riley. Amber can make only one investment. Required: a. 1. Compute the ROI of Simone and Riley. 2. Which investment would you advise Amber to make? b. What other factors should you advise Amber to consider before making either investment? Complete this question by entering your answers in the tabs below. Req A1 Req A2 and B Compute the ROI of Simone and Riley. Note: Round your answers to 2 decimal places. Simone Riley ROI % % Show less A

Economic Q) You start a savings account (Tax Free) on your 20th birthday – You earn 7% interest on the balance – compounded monthly 1. From age 20 – 35 – You deposit $25 monthly 2. From age 35 – 50, you deposit $100 monthly 3. From age 50 – 65 you deposit $200/month a. How much money will you have at age 65? If you were to draw money out – to use it all (while still getting 7% interest) to age 90 – What would your monthly income be? It's better to show how this can be solved using Excel. Thank you!

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37. Savings Gabriel Branson invested his summer earnings of $3000 in a savings account for college. The account pays 1.5% simple interest. What will be the value of this account after 2 years?

Financial Accounting Question