Chapter 22, Problem 13QAP

You plan to save $15,268 per year for 7 years, with your first savings contribution later today. You then plan to withdraw $X per year for 9 years, with your first withdrawal expected in 8 years. What is X if the expected return per year is 10.66 percent per year? Input instructions: Round your answer to the nearest dollar. GA $

You plan to save $19,051 per year for 5 years, with your first savings contribution in 1 year. You then plan to make X withdrawals of $30,608 per year, with your first withdrawal expected in 5 years. What is X if the expected return per year is 14.61 percent per year? Input instructions: Round your answer to at least 2 decimal places.

What is the value of a building that is expected to generate no cash flows for several years and then generate annual cash flows forever if the first cash flow is expected in 10 years, the first cash flow is expected to be $49,900, all subsequent cash flows are expected to be 3.42 percent higher than the previous cash flow, and the cost of capital is 15.90 percent per year? Input instructions: Round your answer to the nearest dollar. $

You plan to save $X per year for 8 years, with your first savings contribution later today. You and your heirs then plan to make annual withdrawals forever, with your first withdrawal expected in 9 years. The first withdrawal is expected to be $29,401 and all subsequent withdrawals are expected to increase annually by 3.08 percent forever. What is X if the expected return per year is 9.08 percent per year? Input instructions: Round your answer to the nearest dollar. 59 $

You own investment A and 10 bonds of bond B. The total value of your holdings is $12,185.28. Bond B has a coupon rate of 18.82 percent, par value of $1000, YTM of 15.36 percent, 7 years until maturity, and semi-annual coupons with the next coupon expected in 6 months. Investment A is expected to pay $X per year for 12 years, has an expected return of 19.64 percent, and is expected to make its first payment later today. What is X? Input instructions: Round your answer to the nearest dollar. 59 $

You plan to save $X per year for 8 years, with your first savings contribution later today. You then plan to withdraw $43,128 per year for 6 years, with your first withdrawal expected in 8 years. What is X if the expected return per year is 13.14 percent per year? Input instructions: Round your answer to the nearest dollar. 59 $

You plan to save $X per year for 6 years, with your first savings contribution in 1 year. You then plan to withdraw $20,975 per year for 8 years, with your first withdrawal expected in 7 years. What is X if the expected return is 13.29 percent per year? Input instructions: Round your answer to the nearest dollar. 59 $

You plan to save $X per year for 7 years, with your first savings contribution later today. You and your heirs then plan to withdraw $31,430 per year forever, with your first withdrawal expected in 8 years. What is X if the expected return per year is 14.95 percent per year per year? Input instructions: Round your answer to the nearest dollar. 6A $

What is the value of a building that is expected to generate no cash flows for several years and then generate fixed cash flows of $30,700 per year for 16 years if the first cash flow of $30,700 is expected in 8 years and the cost of capital is 18.30 percent per year? Input instructions: Round your answer to the nearest dollar. 59 $