a. with 6+ decimals. You will receive $10 million in 12 monthly payments (of one million each) starting one month from now. b. You will receive $10 million in 12 monthly payments (of one million each) starting immediately. C. You will receive $10 million in 12 annual payments (of one million each) starting one year from now.

a. with 6+ decimals. You will receive $10 million in 12 monthly payments (of one million each) starting one month from now. b. You will receive $10 million in 12 monthly payments (of one million each) starting immediately. C. You will receive $10 million in 12 annual payments (of one million each) starting one year from now.

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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From this partial advertisement: $86.83 per month for 60 months $3,700 used car cash price $50 down payment a. Calculate the amount financed. Amount financed Finance charge $ b. Calculate the finance charge. Note: Round your answer to the nearest cent. 3,650 Deferred payment price S 1,559 80 c. Calculate the deferred payment price, Note: Round your answer to the nearest cent. S 5.250.00
te.4 If for the next 30 years you place $2,000 in equal year-end-deposits into an account earning 5% per year, how much money will be in the account at the end of that time period?
Suppose you deposit $1,681.00 into an account today that earns 11.00% p.a. It will take years for the account to be worth $2,936.00.
Use Table 12-1 to solve. Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each month, $150 is electronically debited from his checking account and placed into a savings account earning 6% interest compounded monthly. What is the value (in $) of Jorge's account after 18 months? (Round your answer to the nearest cent.) $ Submit Answor
You’re prepared to make monthly payments of $265, beginning at the end of this month, into an account that pays 9 percent interest compounded monthly. How many payments will you have made when your account balance reaches $68,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
To find out the balance in your account just after you make your last deposit whereby you will deposit $400 at the end of each 6 months for the next 5 years at a nominal rate of 12% p.a. compounded semi- annually, you can also apply which of the following formula to solve for the accumulated amount manually: Select one: O a. FV= PV(1+i)" FV = PV(1+i)" O b. PVn = PMT[1-(1+ i)*"] /i 1-(1+1) PV = PMT| FVn = PMT[(1+ i)" -1] / i (1+i)"-1 FV = PMT %3D
If you deposit $700 in a bank account that earns 5 percent per year, how much total interest will you have earned after the third year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Total Interest =
Suppose you invest $3,800 today in an account that earns a nominal annual rate (inom) of 12 percent, with interest compounded quarterly. How much money will you have after 12 years? a. $5,417.89 b. $15,702.56 c. $14,804.71 d. $875,484.95 e. $51,072.00
You deposit $87000 into an account which pays 4% compounded quarterly. You leave the money in the account for 10 years. At the end of the 10 years, you plan to immediately start making quarterly withdrawals. You want to be able to make a total of 20 quarterly withdrawals. What size withdrawals can you make?You can make quarterly withdrawls of $. (Round to 2 decimal places.)
You're prepared to make monthly payments of $260, beginning at the end of this month, into an account that pays 12 percent interest compounded monthly. How many payments will you have made when your account balance reaches $67,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Number of payments
What cash payment is equivalent to making payments of $1471.00 at the end of every year for 8 years if interest is 12% per annum compounded quarterly? The cash payment is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Suppose $1,200 is deposited into an account which has an annual percentage rate of 9.81% per year. Assume it remains in the account for 18 years and no additional money is added to the account other than interest. (a) Complete the boxes below to write an expression for the amount (in dollars) at year x = 18, of assuming interest is compounded annually. Do not round any values. You can enter arithmetic expressions (containing +, -, *, /, or ^) in any of these boxes. Number 1200 •( Number What is the value in year x = 18 of an investment of $1,200 dollars which pays 9.81% compounded annually? $ Number (Round to the nearest 0.01 dollars) (b) Complete the boxes below to write an expression for the amount (in dollars) at year x = 18, assuming interest is compounded weekly (52 times per year). Do not round any values. You can enter arithmetic expressions (containing +, –, *, /, or ^) in any of these boxes. Number 1200 ( Number What is the value in year x = 18 of an investment of $1,200…

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