You're looking forward to retiring in a few years, and you hope that you will have enough in your retirement account to provide you with $1,700 per month for 20 years.  Assuming a return of 4.15%, how much do you need in your account when you retire? Group of answer choices $406,589.00 $276,912.00 $391,742.68 $634,138.80

Q: A bond currently trades at P975 on the secondary market. The bond has 10 years until maturity and pa...

A: The yield to maturity of the bond can be calculated with the help of RATE function of Excel

Q: Current $6,000,000 $6,000,000 $500,000 $5,500,000 $5,000,000 Proposed Assets Debt $1,000,000 Equity ...

A: Let the breakeven EBIT = X  

Q: On January 1, 2020, ABC Corporation invested in P2,000,000 bonds of DEF Company that will mature on ...

A: We have invested today 2000000 on which we have received interest at 10% for the next three years. I...

Q: You purchased 320 shares of a particular stock at the beginning of the year at a price of $76.83. Th...

A: Number of shares (N) = 320 Beginning price (P0) = $76.83 Dividend (D1) = $1.70 Price at year end (P1...

Q: You have a new job as a Financial Planning assistant. Your client wants to invest money in stocks, b...

A: Here we will have to formulate a linear program (LP) and then solve the problem using the solver fun...

Q: A man purchases a lot worth 5M if paid in cash. On installment basis, he paid P800,000 down payment,...

A: Data given: Lot worth = P 5M = P 5000000 Down payment = P800,000 Loan amount = P 5000000 - P 800,000...

Q: What are the short and long term goals for a finance student hoping to get an internship in consulti...

A: A finance intern usually assists the financial institution with basic tasks while learning about its...

Q: Alex has just obtained a 7-year fixed-rate mortgage to buy her first condo. The mortgage is amortize...

A: Adjustable rate mortgage:-The interest rate on an adjustable-rate mortgage (ARM) is variable. An ARM...

Q: Sunrise Furniture Inc. wants to upgrade the existing production process. The cost-cutting project ca...

A: Depreciation is a non-cash expense. Although it is excluded while computing cashflows for capital bu...

Q: The Big Star company sells its products for $100,000; that it pays $30,000 for materials purchased f...

A:

Q: Question 6: Part C 2 of 3 JICA has let a shop in the subway redevelopment scheme to Ayala Malls a co...

A: Value of lease is the present value of rent paid over the period of 12 years. So lease value is pres...

Q: The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and yo...

A: Annual payment = $35000 Interest rate = 4.7%

Q: You are looking to invest in your company's 401(k) for your retirement. Their conservative plan boas...

A: The two-way data table: The two-way data table can be used to assess the impact of various combinati...

Q: Which of the following represents an Investing cash outflow? Select one: a. A decrease in Accounts ...

A: Cash flow statement A cash flow statement is the summary of cash flow which provides the details of ...

Q: Your employer has offered to contribute $50 a week to your retirement savings account. Assume you wo...

A: Number of weeks (n) = 15 years x 52 weeks = 780 Weekly interest rate (i) = 8.5%/52 = 0.16346153846% ...

Q: Bob Russell purchased a home theater system for $5200, paying $500 down. The balance was financed fo...

A: Loan is a value which is borrowed from external sources like banks and this amount is repaid later i...

Q: ACB Products has a bond issue outstanding with 8 years remaining to maturity, a coupon rate of 10 pe...

A: Par value = $1000 Coupon rate = 10% Coupon amount = 1000*0.10 = $100 Years to maturity = 8 Years Pri...

Q: ABC Corporation invested in one of DEF's ordinary shares that has a par value of P500 and a market v...

A: Dividend (D) = P 120 Required rate of return (r) = 17%

Q: Q4.026. Growing perpetuities Mark Weinstein has been working on an advanced technology in laser eye ...

A: Growing annuity:  A stream cash flow which grows at a constant growth rate is known as growing annui...

Q: (b) Derive the risk neutral expectation formula for the price of a derivative in the three-step bino...

A: Three Step bi-nominal Model: It was created in 1979, the binomial option pricing model, which is a w...

Q: On January 1, 2020, ABC Corporation invested in P2,000,000 bonds of DEF Company that will mature on ...

A: Bonds: Bonds are the liabilities of the company which is issued to raise the funds required to finan...

Q: Conn Man’s Shops, a national clothing chain, had sales of $440 million last year. The business has a...

A: To meet the business financial needs and operate the business, companies raise the funds from extern...

Q: Darien invests $10,000 in an account that pays 3.2% interest per year, compounded semi-annually. Wha...

A: The amount of money can be calculated as future value of the principal amount. 

Q: Using the table below, calculate the Sharpe ratio of a portfolio with 80% allocated to security A an...

A: Sharpe ratio - is defined as the portfolio  risk premium divided by the portfolio risk. Sharpe ratio...

Q: Ashely Corporation has 80 million outstanding equity shares and the following projected financial in...

A: Present value of all expected future cash flows is the intrinsic value of the stock today. Hence, us...

Q: need the calculation for debt to assets ratio, debt equity ratio, long-term debt to equity and times...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: Dan took a loan of P560,000 from L. A. Finance to purchase a car. If the company charges compound in...

A: We need to use compound interest formula to calculate amount payable at the end of year 5.The formul...

Q: Stacy's Dress Shop received a $1,130 invoice dated July 16 with 2/10, 1/15, n/60 terms. On July 30, ...

A: As stated, the payment term is 2/10,1/15,n/60. It means if the customer will make payment within 10 ...

Q: Henry Josstick has just started his first accounting course and has prepared the following balance s...

A: Given: Balance sheet Payables $35 Inventories $50 Accumulated depreciation $120 Receivables $...

Q: ABC company has 11% expected return on assets and pays 7% on its debt. The company debt represents 4...

A: Given, Return on assets is 11% debt to total assets is 40%  

Q: What are some benefits of holding FX reserves (recall the Asian financial crisis of 1997)? Are there...

A: FX reserves are assets kept by a country's central bank or monetary authority, and they are commonly...

Q: 11. Financial planning is making a forecast on the financial operation of the business. 12. The firs...

A: Finds are the basic need of any organization. Business raise the funds as per the needs from externa...

Q: Hazli borrows an education loan from Usaha Bank for RM24,000. The payments will be made in installme...

A: Loan amount (PV) = RM24,000 Interest rate (r) = 10% Number of annual payments (n) = 5

Q: a. What are the major regulatory objectives that must be satisfied in insurance rate making? b. What...

A: Rate making in insurance is the determination of premium that is to be charged  for insurance.    

Q: he chart below shows the initial investment and expected yearly payback for Project A and Project B ...

A: Here we will have to use 2 tools of capital budgeting - payback period and ROI - to determine which ...

Q: At age 35 you start saving for retirement. If your investment plan pays an APR of 6% and you want to...

A: Annuity refers to the payment series of same nominal value which are paid or received at a same inte...

Q: A regional municipality is studying a water supply plan for its​ tri-city and surrounding area to th...

A: Cost = $30 million per year for 5 years Interest Rate = 9% maintenance and repairs cost = $3 ​millio...

Q: 2. Jim Johnson, the CEO of Acme Imports Company, is focused on his next growth market. After extens...

A: The Expected monetary value analysis (EMV) is an important concept in project risk management which ...

Q: You buy a house for $340000, and take out a 30-year mortgage at 5.5% interest. For simplicity, assum...

A: Loan Amount = $340,000 Time Period = 30 Years Interest Rate = 5.5%

Q: 5.0 4.0 Nominal Interest Rate 3.0 2.0 Real Interest Rate 1.0 -1.0 2.0 -3.0 2003 2004 2005 2006 2007 ...

A:

Q: d) Calculate Leland's cost of common equity using the Security Market Line.

A: Calculate the beta of the stock (β) by dividing the covariance of stock with the market (Cov L,M) wh...

Q: Delila Tools Sdn. Bhd. anticipates purchasing materials worth RM90,000 in April and RM105,000 in May...

A: April purchase = RM90000 May purchase = RM105000 Paid in the month of purchase = 75% Paid in the fol...

Q: Amid the Covid-19 pandemic, health consciousness has fuelled the welliness industry. The wellness in...

A: Capital Budgeting is a technique under the acceptance and profitability of a project. For the purpos...

Q: Makulay ang Buhay Corporation have agreed to shoulder the funds needed for road rehabilitation. At a...

A: It is the equivalent cost and benefit of the asset spread over its life.

Q: Mike Macalino owns a note for P 45,000 due in 5 years and 6 months. How much should a buyer pay now ...

A: Given, The amount owed P 45,000. Term 5 years and 6 months Interest rate 2 1/4%.

Q: Michael plans to retire in 11 years. When he does, he would like to withdraw at the beginning of eac...

A: As there is more compounding than effective interest rate goes on increasing and value of future val...

Q: Hiram Finnegan Inc. just paid a dividend of $5 per share because of the strong sales figure in the l...

A: Dividend per share = $5 Retention ratio = 0.80 Growth rate = 4.8%

Q: What does a very high inventory turnover ratio signify? Please provide your own example to explain y...

A: Inventory turnover ratio is one of the efficiency ratio, which says and calculates how many times in...

Q: You are evaluating the expected performance of two stocks, Alibaba and Bank of China. You gathered t...

A: Expected Rate of Return: It is the return on investment that an investor is  anticipated  to receive...

Q: In 2020, the two bend points for computing Social Security’s Primary Insurance Amount (PIA) are $960...

A: Primary Insurance Amount is one of the parts of Social Security Rules in the US. This is a kind of b...