Resubrnit8.5Homework UnansweredYou andsavings and investments and closing costs are estimated to be $4,200, how much money do you have available for movingyour partner have now found a home for $170,000 in Boone, IA. It requires a 20% down payment. if you have $39,000 inexpenses?Round to the nearest cent. DO NOT INCLUDE COMMAS OR $.Type your numeric answerand submit

Cost of new home = $170,000 Down payment = 20% Down payment in $ = Cost*Down payment ratio…

Homework . Unanswered You and your partner have now found a home for $170,000 in Boone, IA. It requires a 20% down payment. If you have $39,000 in savings and investments and closing costs are estimated to be $4,200, how much money do you have available for moving expenses? Round to the nearest cent. DO NOT INCLUDE COMMAS OR $. Type your numeric answer and submit

Homework . Unanswered You and your partner have now found a home for $170,000 in Boone, IA. It requires a 20% down payment. If you have $39,000 in savings and investments and closing costs are estimated to be $4,200, how much money do you have available for moving expenses? Round to the nearest cent. DO NOT INCLUDE COMMAS OR $. Type your numeric answer and submit

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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Do the task with the excel or manually if possible,thx If a family who owns a food stall is planning to buy a car in the next 3 years for $13920,89. The family is able to set aside 20% of their income from $1392,09/month by saving (1% bank interest/month). Is that money enough to buy a car? If not, how much should the family add?
5. Kumal wants to sell her townhouse in Whitehorse. She will spend $2100 updating her home. She has $2100 in cash, but she plans to buy a $2100 RRSP. She will need 120 d to pay off any loan. Interest is compounded daily. a) Complete the chart. Option secured personal loan RRSP loan no loan credit card Detalle Buy the RRSP with $2100 cash. Pay for updating with the loan using her home equity as collateral. Pay for updating with the $2100. Buy an RRSP with an RRSP loan. Pay for updating with the $2100. Do not get an RRSP. Buy an RRSP with the $2100. Pay for updating with a credit card with a 30 d grace period. 1125 APR 2.75% 1.75% 0% 20.1% Total amount A-PH1+ 62 b) Which option should Kumal choose? Explain why. c) Which option should Kumal not choose? Explain why. d) Suppose Kumal uses a RRSP loan instead of her credit card. How much interest will she save? What is equity? What is it used for? Total Interest/A-P REFLECTING Suppose Kumal has a loan with simple interest nstead of compound…
I need the answer of the question attached. Please provide all possible answers. Thank you!
Vincent has chosen to buy a new car with a cost of $14 000, inclusive of HST. He has saved $5000 for a down payment. How much must be financed? Enter a numeric value only, rounded to 2 decimals places. An answer of $100 should be entered as 100.00.
Trae needs to buy a car, but he doesn’t have any money for a down-payment and can only afford $190 per month for this car payment. If he can finance a car at 5.50% for 4 years, how much car can he afford? N= FV= I%= P/Y= PV= C/Y= PMT= End or Begin $170.00 $220.73 $11,555.84 $8,169.77
please answer only last reuriement You are a young personal financial adviser. Molly, one of your clients approached you for consultation about her plan to save aside $450,000 for her child’s higher education in United States 15 years from now. Molly has a saving of $120,000 and is considering different alternative options: Investment 1: Investing that $120,000 in a saving account for 15 years. There are two banks for her choice. Bank A pays a rate of return of 8.5% annually, compounding semi-annually. Bank B pays a rate of return of 8.45 annually, compounding quarterly. Investment 2: Putting exactly an equal amount of money into ANZ Investment Fund at the end of each month for 15 years to get 330 000 she still shorts of now. The fund is offering a rate of return 7% per year, compounding monthly. Required: a) Identify which Bank should Molly choose in Investment 1 by computing the effective annual interest rate (EAR)? b) Calculate the amount of money Molly would accumulate…
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Problem 2: Judy gets financing for a home loan on a $900,000 single bedroom, one bath 500 sq ft. home in a great part of Santa Cruz (near the Boardwalk). She can amortize the $900,000 at 7.5% for 30 years. What are the monthly payments of the loan? Be sure to circle answer. Round answer to nearest whole dollar.
Follow the instructions. Typewritten for an upvote. No upvote for handwritten. PLEASE SKIP IF YOU HAVE ALREADY DONE THIS. Thank you SHOW SOLUTIONS, NO SOLUTIONS NO UPVOTE
Show all of your work and put a box around your final answer. Include a therefore statement. Sam would like to visit her family in New Zealand. She figures she will need at least $9,000 for the plane ticket and expenses. She goes to a local bank in Calgary to open a savings account. After some thought she decides to invest $7,500 into an account that pays interest at 8% per annum compounded quarterly. How many compounding periods will it take her for her to reach her goal? Round to the nearest number of compounding periods that makes sense. (Hint: Use the formula A = P(1 + i)" where A represents the final amount, P represents the initial principal, i represents the interest rate per compounding period, and n represents the number of compounding periods)
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