Your grandmother is gifting you GH¢ 100 a month for four years while you attend University to earn your Bachelor's degree. At a 5.5 percent discount rate, what are these payments worth to you on the day you enter college? #randomized O A. GH¢ 4,201.16 B. GH¢ 4,299.88 OC. GH¢ 4,509.19 D. GH¢ 4,608.87

Your grandmother is gifting you GH¢ 100 a month for four years while you attend University to earn your Bachelor's degree. At a 5.5 percent discount rate, what are these payments worth to you on the day you enter college? #randomized O A. GH¢ 4,201.16 B. GH¢ 4,299.88 OC. GH¢ 4,509.19 D. GH¢ 4,608.87

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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Assume the total cost of a college education will be $300,000 when your child enters college in 18 years. You presently have $60,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual rate of interest jpeg EA9F9D41-D35...jpeg 8A1B4474-4751..jpeg 8A1B4474-4751..jpeg
Assume the total cost of university education will be $118064 when your child enters university after 15 years. You presently have $56853 to invest. What annual interest rate must you earn on your investment to cover the cost of your child's university education? Enter two decimal places numbers (such as 1234.56) without sign and symbol. Answer: 10.91
Mike estimates that college tuition at State University will be $25,000 per year in five years. If Mike can earn six percent compounded semi-annually, how much must he deposit today in order, to fund his son's first year tuition in five years? Select one: A. $18,603 B. $18,683 C. $20,428 D. $20,508 Only typing answer Please answer explaining in detail step by step without table and graph thankyou
Your parents are giving you $100 a month for four years while you are in college. At a 6% annual discount rate, what are these payments worth to you when you first start college? (show steps, Answer: $4,258.03)
A financial planning service offers a college savings program. The plan calls for you to make six annual payments of $14,000 each, with the first payment occurring today, your child's 12th birthday. Beginning on your child's 18th birthday, the plan will provide $25,000 per year for four years What retum is this investment offering? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g, 32.16.) Return 0%
Assuming an annual return of 12 percent with a Coverdell Education Savings Account, how much would $1600.00 annual contributions be worth when the child is 18 and ready to enter college? When the child is 18 and ready to enter college, the account will be worth $? Round to the nearest cent! Please show a step by step process! PV=PMT*FVIFAV_(i_(2)n)
Carol wants to invest money in a 6% CD that compounds semiannually. Carol would like the account to have a balance of $55,000 two years from now How much must Carol deposit to accomplish her goal? EV of $1. EV.of $1 EVA of $1. and PVA of S1 (Use appropriate factor(s) from the tables provided.) Multple Choice $48.950 $48,400 $27.500 $48,867
PLEASE ANSWER THIS WITH COMPLETE SOLUTION ASAP
Can you show me how this is done? Ava Darling plans to buy a house in 10 years and needs $17,446 for a down payment. If the annual interest rate is 6%, how much does Ava Darling need to invest today to have $17,446 in ten years? Selected Answer: 15,469 Correct Answer: 9,742 ± 5
Jack wins a lottery. He now wants to put a fixed amount into a savings account paying j1= 4% to cover the university cost of his child 10 years from today. The costs are estimated to be $8500 for the first year, $8500(1.03) for 2nd year, $8500(1.03)2 for the 3rd year and in the fourth year $8500(1.03)3 . How much does Jack need to deposit today to cover the above cost, starting 10 years from today?
Assume the total cost of a college education will be $365,000 when your child enters college in 18 years. You presently hae $59.000 to invest What annual rate of interest must you eam on your investment to cover the cost of your chid's colege education? (De net round intermediate calculetions and enter your answer as a percent rounded to 2 decimal pleces, eg. 32.16)

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