Q: How did you end up with $25,520 for the large contributions?
A: Revenue refers to the aggregate amount of the income which is generated through goods and services…
Q: motions running through your head. As a business student on How am I going to pay for the child's…
A: In this we have determine the the value of education fund and than find out monthly payment required…
Q: Explain ‘Principle 5’: Individuals respond to incentives, and outline one method that is used to…
A: “Since you have posted a many questions, we will solve first question for you. To get the remaining…
Q: ur client has asked you what would be needed to fund your 2 children’s future college costs. Assume…
A: Future planning is needed for the education of the children and you have to save for that.
Q: fter a retiring from a successful business career, you would like to make a donation to your…
A: Present value of perpetual cash flows is computed as follows:-PV= wherePV= Present value of…
Q: On completion of her LETU Principles of Finance course, Marla Lee was so pleased with the amount of…
A: Present value is a financial concept that represents the value of a future sum of money in terms of…
Q: Your grandfather wants to establish a scholarship in his father’s name at a local university and has…
A: Perpetuity term refers to the cash flow for an indefinite period or forever. The present value of…
Q: please help me and show casflow diagram if needed. and also please,show complete solution please
A: Given information : Effective interest rate = 14% Time period = 5 years Quarterly payments = P…
Q: A 50-dollar bill falls out of the pocket of a billionaire and is found by a homeless person. From a…
A: Pareto Improvement is Way of Allocating good that harm no one and atleast Benefit Someone
Q: (Solving for r with annuities) Nicki Johnson, a sophomore mechanical engineering student,…
A: The problem involves finding the rate of return (r) that Nicki would earn if she invests her money…
Q: (c) As part their responsible business initiative, Micron Industries wants to establish a trust fund…
A: Given: Tuition fees for the first year $ 35,000.00 Increase in fees each year 5% Number…
Q: Explain which information you would need to take into consideration when deciding whether to receive…
A: Here we will take into consideration the concept of time value of money. As per the concept of time…
Q: A scholarship provider has $500,000 which she will invest today to fund a scholarship forever. She…
A: Present value of annuity due = (Annual scholarship payment / Interest rate) + Annual scholarship…
Q: For finance explain where a college student who is 23 stands financially and ways to be successful.
A: College students are often at a unique financial juncture in their lives. While there may be…
Q: Parvati wants to donate enough money to Camosun College to fund an ongoing annual bursary of $1,000…
A: We need to find present value of future donation by using this equation Present value =FV(1+i)n…
Q: $23,000 per year forever. XYZ wants the foundation to make the first annual $23,000 scholarship…
A: Solution: Calculation of annual payment(annuity) a) Present value of regular annual payment of…
Q: 1. How much was Walter's income? 2. How much did Walter spend? 3. What change was there in Walter's…
A: NOTE: As per our policy, we only answer up to three sub-parts when more than three are provided.…
Q: Draw a timeline in your notes to practice, then use the one below to help you! The Cambrian…
A: Present Value: The present value is the value of cash flow stream or the fixed lump sum amount at…
Q: Explain to a friend or relative how you would use the TVM concept to achieve their desired…
A: Time value of money: It represents the concept that the current value of funds is worth more than…
Q: culation of Annual Savings Needed to Meet a Retirement Goal cd Denny, age 42, single, and from…
A: (a) She is 42 years old and single she earns $95000 per year also she expects to need 90% of her…
Q: Sam is single, has just turned 30 years of age, and would like to retire comfortably on his 80th…
A: According to the Superannuation Guarantee, the words "superannuation" and "retirement" refer to…
Q: a college begins a capital campaign to create a fund to provide scholarships to worthy students, If…
A: Given: Scholarship amount (PMT)=$200000Interest rate =7% or 0.07
Q: Concept Review 3.4- Future Value of a Tax Savings Please turn to page 152 of the text and complete…
A: How muche is taxes saving for current year?
Q: Show Solution. Topic: Perpetuities 1. A Filipino billionaire wants to provide a perpetual P950,000…
A: The perpetual cash flows are the same ones that are received for an endless period of time.…
Q: Don Solomon wants to set up a scholarship program with his alma mater. If ₱778111 is needed per year…
A: Since the scholarship program will be run to perpetuity hence, to pay the annual scholarship, the…
Q: After a retiring from a successful business career, you would like to make a donation to your…
A: Given, The Donation made is $2,000,000 Returns is 5.5%
Q: college fund. It the total cost of education will be $325,000 and you want to have this amount when…
A: Information Provided: Present value = $55,000 Future value = $325,000 Term = 16 years Payment = $0
Q: Planning for protection needs ensures that _______________. a. there will be sufficient financial…
A: Planning for Protection :- It means that an Individual is planning or preparing for worse or…
Q: You would like to give your daughter $75,000 towards her college education 16 years from now. How…
A: The amount to be set aside today is calculated as the present value using following equation Present…
Q: A wealthy graduate of a local university wants to establish a scholarship to cover the full cost of…
A: This question is related to the present value of a deferred perpetual annuity. We will first find…
Q: A high school student counselor for college education advises a senior that if she attends a private…
A: Internal Rate of return is the discounting rate at which the present value of inflows is equal to…
Q: magine you are a philanthropist who would like to donate to a charity that provides shelter and…
A: Cost of providing money forever depends on the number of persons and also number of days provided…
Q: Identify and explain at least a 7 reasons to save and invest your money
A: Investment refers to the process where investor purchase some assets with the purpose of generating…
Q: Mr. and Mrs. Megabucks would like to set up a college fund for their grandson. They want him to be…
A: Given: N = 24, FV = 0, PMT = 1750, rate = 2.4%/12 = 0.2
Q: . Explain the market of loanable funds and your role as a A. borrower when you buy your next vehicle…
A: As your have posted multiple questions, we will answer the very first question for you. Kindly…
Q: aul received a college scholarship and can choose whether to receive it as an immediate one time…
A: Present value is equivalent value today of the future payments based on the time value of money and…
Q: b. Assume that Sam wants to contribute up to his annual concessional contributions limit. How much…
A: ordinary income = $94000 commission per year = $4000 Annual income (C) = ordinary income +…
Q: in 18 years. You presently you earn on your investme
A: Formula to calculate the rate of interest is: r = [(A/P)^1/n - 1] Where r is the rate of interest, A…
Q: Which set of cahs flows is worth more now? Assume that your grandmother wants to give you a generous…
A: We'll calculate the present value of cash flows using the following formulae: PV=FV1+rn where…
Q: Here is the deal: You can pay your college tuition at the beginning of the academic year or the same…
A: Time value of money- It is based on the concept that money earned today is worth more than similar…
Q: A wealthy graduate of a local univers at her university. To adequ it starting in three years. Th…
A: Tax refers to a mandatory financial charge or levy imposed by a government or other authority on…
Q: A) When Liam Corbett was born, his grandparents opened a 529 college savings plan for him so that he…
A: Year Assumption 1 Cumulative savings 0 USD 6,200 USD 6,634 1 USD 6,200 USD 13,732 2 USD 6,200…
Q: A wealthy graduate of a local university wants to establish a scholarship to cover the full cost of…
A: The idea of present value asserts that a sum of money is worth more now than it will be in the…
Q: The Jeffersons have asked you what would be needed to fund the children’s future college costs.…
A: First year fee = Current fee * (1 + g)^n, Whereas ; n = 18, g = 5% First year fee = 24,000 * (1 +…
Q: Jeremiah Wood wants to set up a fund to pay for his daughter's education. In order to pay her…
A: We will find present value of the future requirement of funds to know what amount we must invest to…
Reasons detailing how a max $20,000 scholarship would improve someone's situation.
Step by step
Solved in 1 steps
- Ethan is creating a college investment fund for his daughter. He will put in $21,000 per year for the next 17 years and expects to earn a 12% annual rate of return. How much money will his daughter have when she starts college? Use Appendix C to calculate the answer. Multiple Choice $1,014, 538 $1,015,551 $1,027,291 $1,026,56410. Mr. Smart wants to set up an annual scholarship by donating $50 000 to the scholarship fund of his university. If the first payment is to be made in 5 years and interest is 4% compounded annually, what is the amount of the annual scholarship?Need both questions. ....attempt if you will solve both questions. ...thanks please provide excel functions as well rhank you
- A favorite aunt wishes to establish a trust fund for her niece's math education. How much should she set aside now if she wants $45, 000, 7 years from now, and interest is compounded continuously at 5%? O $45,000(1.05)-7 O $45,000e -1.95 $45,000e-0.35 O $45,000e-0.05 O $45,000(1.05)- -0.35Use a financial calculator or computer software program to answer the following questions: a) Melanie is trying to save money for retirement and has a future goal of $750,000 at the end of 20 years. Determine the present value of her goal using a discount rate of 12%. b) How would the present value change if the $750,000 is to be received at the end of 15 years instead? Explain the impact and show your work?A ROTH IRA or 401(k) allows you to take money out tax free, and thank your Professor for telling you to open, and fund this type of investment! O True O False
- 2. How much can you deduct for AGI for the following scenarios? Provide explanation for possible partial credit. (Remember that I only ask how much For AGI deduction can you claim in each scenario, I do not ask for the calculation of AGI) • Austin is a Graduate student. His gross income for 2020 is $25k from his Research assistant job. Austin pay $18k for his tuition in 2020 from his out-of-pocket money. • Anna is a non-active, non-managing, partner in AnnaBanana LLC. Her tax basis in the partnership is $10k. Her share of loss from the partnership is $12k. • Allison contribute $4k to her traditional IRA.THIS QUESTION HAS TWO PARTS After a retiring from a successful business career, you would like to make a donation to your university. This donation will go into the school's endowment pool and the returns generated from the donation will support the salary of a new professor in the business school on a perpetual basis. The university expects to earn returns of 5.5% on its endowment pool. You may assume that any distributions to support the salary will be made annually. Part A) You can make a donation today (t=0) in the amount of $2,500,000. The first cash flow distribution from your donation to cover the professor's salary will take place in one year (at t=1). Which of the following is closest to the annual salary payment that can be made as a result of your donation? A. $137,500 B. $454,545 C. $2,500,000 D. $100,000 Part B) After further discussions, the university determines that the employment agreement with the new professor will call for annual salary increases of 2%. Given this…William wants to establish a scholarship fund at his former university. He would like the recipients to receive an annual $5300 award starting next year. He would like to fund 10 years of these awards. Assuming the university can earn 11% on their donated funds, how much of a donation must William make today to fund the scholarships? $31212.92 $36512.92 $88626.65 $53000.00
