!Required informationA theft-avoidance locking system has a first cost of $31,000, an AOC of $9,000, and no salvage value after its 3-yearlife. Assume that you were told the service provided by this asset would be needed for only 5 years. This means thatthe asset will have to be repurchased and kept for only 2 years.What would its market value, call it M, have to be after 2 years in order to make its annual worth the same as it is for its 3-year life cycleat an interest rate of 10% per year? Determine the market value M using factors.The market value M is $

In Engineering economics, Annual Worth (AW) is used to compare different cash flow series which…

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Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Please don't provide handwritten solution... Cindy borrows 13,500 for 12 years at an annual effective interest rate of i. She accumulates the amount necessary to repay the loan by a sinking fund. Cindy makes a payment P at the end of each of the 12 years of the loan period; each includes payment on the loan at an annual effective interest rate of i and payment into a sinking fund on which the annual effective interest rate is 4%. If the annual effective rate on the loan had been 2i instead of i, Cindy's total annual payment would have been 1.2 P. Find P
James has an investment worth $175,609.50. The investment will make a special payment of X to James in 1 month from today and the investment also will make regular, fixed monthly payments of $1,440.00 to James forever. The expected return for the investment is 1.23 percent per month and the first regular, fixed monthly payment of $1,440.00 will be made to James in one month from today. What is X, the amount of the special payment that will be made to James in 1 month? An amount less than $58,600.00 or an anmount greater than $179,600.00 An amount equal to or greater than $58,600.00 but less than $88,950.00 An amount equal to or greater than $88,950.00 but less than $146,400.00 An amount equal to or greater than $146,400.00 but less than $176,000.00 O An amount equal to or greater than $176,000.00 but less than $179,600.00 Com SHEMA
On the basis of how long he has until retirement and his comfort with investment risk, Connor has decided that he wants to allocate the money in his retirement account as follows: 70% to equities, 15% to fixed income, and 15% to cash. If Connor assumes that each asset class provides the low end of the rates of return shown in the table below, what overall rate of return would he expect to earn over the long term? Asset Class Degree of Risk Historical Average Rate of Return Equities High 8% - 12% Fixed Income Moderate 4% - 7% Cash Minimal 2% - 5% Group of answer choices 4.34% 6.50% 1.43% 7.25%
Hector has several financial decisions to make in the near future. He is planning to buy a car, open a savings account, and place money in a certificate of deposit (CD) so that he may purchase a boat when he retires. Hector has asked that we help him decide which options are best for him. The car Hector has chosen costs $24,000. Most car loans are calculated using simple interest, a method which interest is calculated only one per year. His first option is a loan with 3% interest over six years. How much will Hector pay over the course of the next six years if he chooses this option?
Mutual Fund X owns 0.5% of the total stock of Company Y. In one particular year, Company Y announces annual profits of $12,000,000, and decides to pay dividends to its shareholders at a rate of 15% of its annual profits. How much will Mutual Fund X receive in the form of dividends from Company Y? Give your answer in dollars.
You are considering a mortgage for 15 years with initial value $200, 000, and annual interest rate 9.75%. You can reduce your interest rate by buying points. The bank will sell you a point for 1% of the initial value of the loan. Each point you buy reduces your interest rate by 0.15%. You are considering buying 1 point. If you buy these points, how long until your lower monthly payments pay back the cost for these points?
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You have a choice between the following two identical properties: Property A is priced at $150,000 with 80 percent financing at a 10.5 percent interest rate for 20 years. Mortgage Loans is priced at $160,000 with an assumable mortgage of $100,000 at 9 percent interest with20 years remaining. Monthly payments are $899.73. A second mortgage for $20,000 can be obtained at 13 percent interest for 20 years. All loans require monthly payments and are fullyamortizing. a. With no preference other than financing, which property would you choose?b. How would your answer change if the seller of Property B provided a second mortgage for$20,000 at the same 9 percent rate as the assumable loan?c. How would your answer change if the seller of Property B provided a second mortgage for$30,000 at the same 9 percent rate as the assumable loan so that no additional down paymentwould be required by the buyer if the loan were assumed?

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