22. Your grandmother is gifting you GH¢ 100 a month for four years while you attend University to earn your Bachelor's degree. At a 5.5 percent discount rate, what are these payments worth to you on the day you enter college? GH¢ 4,201.16 b: GH¢ 4,299.88 c. GH¢ 4,509.19 d. GH¢ 4,608.87 e. GH¢ 4,800.00 a.

22. Your grandmother is gifting you GH¢ 100 a month for four years while you attend University to earn your Bachelor's degree. At a 5.5 percent discount rate, what are these payments worth to you on the day you enter college? GH¢ 4,201.16 b: GH¢ 4,299.88 c. GH¢ 4,509.19 d. GH¢ 4,608.87 e. GH¢ 4,800.00 a.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

6- A father wants to save money to pay for his son’s college education. He is depositing equal amounts of money every year at the end of each year in an account to have $120000.00 after 18 years. If the interest rate on the account is 5% compounded continuously, how much should he deposit each year? a) $3554.62 b) $3700.60 c) $4215.21 d) $3512.71
13 (Retirement Planing) Now you are 22 years old, you want to retire ate age 65. You would like to have $70,000 semiannual payments until you are 103 years old. You inherit as a gift $60,000 at age 38 and $10,000 at the age of 48. Please calculate how much you have to save biweekly to receive $70,000 semiannually by the two following ways use R=8.5 A) Bi weekly payments without a gift B) Bi weekly payment with gift.
Parents wish to have S 100000 available for a child's education. If the child is now 4 years old, how much money must be set aside at 8% compounded semiannually to meet their financial goal when the child is 18? Part 1 The amount that should be set aside is S
9. Penny wants to save $2500 in one year. What amount must she save from each paycheque if she is paid bi- weekly? a. $104.17 b. $96.16 c. $48.08 d. $208.33
You would like to give your son $70,000 towards his college education 12 years from now. How much money must you set aside today for this purpose if you can earn 8% on your investments? B. $176.271.91 C. $27.797.96 A. $12.250.00 interest rate, you will triple your money in ately D. $3,688.65 E. $14.211.11
Peter has borrowed $8,600 to pay for his new car. The annual interest rate on the loan is 7.4 percent, and the loan needs to be repaid in four payments. What will be his annual payment if he begins his payment today now? (Round to the nearest dollar.) a. $2,850 b. $2,656 c. $2,385 d. $2,448
YOU ARE SAVING FOR A NEW HOUSE AND YOU PUT $1,000 PER YEAR IN AN ACCOUNT PAYING 25% COMPOUNDED ANNUALLY. THE FIRST PAYMENT IS MADE TODAY. HOW MUCH WILL YOU HAVE AT THE END OF 3 YEARS? Select one: a. 4761.625 b. 4766.625 c. 3025 d. 4765.63
your parents are giving you $220 a month for 4 years while you are in college. At an interest rate of .51 percent per month, what are these payments worth to you when you first start college?
To pay for your education, you've taken out $24 comma 00024,000 in student loans. If you make monthly payments over 1212 years at 66 percent compounded monthly, how much are your monthly student loan payments? Question content area bottom Part 1 Your monthly student loan payments are $enter your response here. (Round to the nearest cent.)
In three years you plan to take a family vacation to Florida at an estimated cost of $3500. If you can earn an average of 4% per year, how much must you invest today to have the funds needed for the planned vacation? O A. $3,937 O B. $3,920 O c. $3,111 O D. $3,125 Question Viewer

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