Honey wants to go to Siargao at the age of 25 and she is 20 years old today. She wants to know how much it will be worth her money if she saves 600.00 every 6 month and the banks' interest rate is 6% per year and she will start saving on june 30, 2021?

Q: Jazelle Momba wants to visit her family in Zimbabwe in 2025, which is 7 years from now. She knows…

A: The time value of money seems to be an essential financial notion that states that cash in the now…

Q: Millicent is planning to travel to the United States of America in 3 year - time. She estimated that…

A: Present value of money refers to the concept that a dollar in the present is worth more than a…

Q: Gabby is planning to buy a home.  She has some money for a down payment already saved.  She sees a…

A: Monthly payment on the borrowing is calculated using following equation Monthly payment =…

Q: You have just celebrated your birthday. Your uncle, has set up a trust fund for you, which will pay…

A: Present value: It can be defined as today’s worth of an investment that will be received in the…

Q: Justine is thinking about purchasing an investment from RCBC Capital. If she buys the investment,…

A: Receipts = 1000 every quarter for 2 years Beginning of period payments Time Period = 2 years * 4 = 8…

Q: James and Kate would like to have $30,000 in 6 years in order to purchase anew mini van. What amount…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: Jace wants to save to buy a car. Jace plans to invest some of their pay every month into an account…

A: Monthly payments refers to the periodic payment. Periodic payment can be made monthly, quarterly,…

Q: In the context of of cubic interpolation as discussed in the lecture, in order to find the cubic…

A: Please refer to the explanation, THANKYOU !!Explanation:The correct option is select four rates. As…

Q: elle Momba wants to visit her family in Zimbabwe in 2022, which is 7 years from now. She knows that…

A: Future value required=$7200Period=7yearsInterest rate=6%Semi annual periods=n=14Semi annual…

Q: Jazelle Moma wants to visit her family in Zimbabwe in 2028, which is 6 years from now. She knows…

A: It is a case of depositing a fund whose future value in 6 years time will help meet all the expenses…

Q: 14. A couple decides to save for a nice vacation 6 years from now. They decide they need $12,000 for…

A: In the given, we can calculate how much the couple needs to save every year, by using the future…

Q: Linda would like to have a retirement account with $3,000,000 in it on the day she retires 40 years…

A: Solution:-When an equal amount is invested each periodat end of period, it is called ordinary…

Q: To retire at a decent age and move to Hawaii, an engineer plans to trust her account to an…

A: Excel Spreadsheet: Excel Workings:

Q: Kayla wants to have $100,000 saved when she graduates. She plans to graduate in 6 years and believes…

A: Option a: This option is correct. Let's prove it:As per Kayla the amount she shall invest today is…

Q: Hannah wants to have $ 7500 to help pay for a new deck in 16 years. If she wants to put her money…

A: GIVEN, Future Value  = $7500 Interest rate(r)  = 6.25/100 = 0.0625 Time Period(t) = 16 years Present…

Q: Caitlyin is saving to buy a house.She plans to deposit $12, 000into her account today and 1year from…

A: The objective of the question is to calculate the total amount of money Caitlyin will have in her…

Q: Ivanna wants to save money to buy a motorcycle. She invests in an ordinary annuity that earns 5.4%…

A: Solution:- When an equal amount is saved each period at end of period, it is called ordinary…

Q: The Smiths are planning ahead for their daughter’s education. She’s 8 now and will start college in…

A: Future value is the estimated value of a current asset that is likely to be received at a future…

Q: Hannah wants to have $ 1500 to help pay for a new deck in 10 years. If she wants to put her money…

A: Time has been valuable in all aspects but in terms of finance, time has a money value. The worth of…

Q: Eric is planning to save $47.17 every month for 4 years. He plans to make his first savings…

A: Current saving amount = $901.00Expected amount of savings in 4 years = $3,981.10Monthly saving…

Cash and Liquid Asset Management

Cash management is the process of controlling cash inflow & cash outflow, managing the cashflows inside the business, and utilizing the cash for business operation at any point in time. A business has to maintain a certain level of cash to meet various financial obligations. Cash management is essential because businesses must utilize the cash to generate maximum profit. Cash management also ensures to maintain maximum liquidity in the business.