Tuesday
May 21, 2013

Homework Help: Business: Finance

Recent Homework Questions About Finance

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Math 104
Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center. Instructors, training on how to grade is within the Instructor Center. Assignment 2: Financial Project Due Week 7 and worth 55 points Five (5) years ago, you bought a house for $...
Tuesday, May 21, 2013 at 11:17am

Finance and literacy
Bailee had a gross income of $2358.33 during each pay period in 2009. If she got paid monthly, how much of her pay was deducted for FICA in 2009
Monday, May 20, 2013 at 3:49pm

Finance and literacy
A college professor's compensation package includes the total cost of a $350-per-month health insurance plan, the total cost of a $45-per-month life insurance plan, and a salary of $65,000 per year. What is the yearly value of the compensation package?
Monday, May 20, 2013 at 3:26pm

finance
what is the future value of $2000.00 given that it will be held in a bank for 9 years and earn an interest of 4%?
Wednesday, May 15, 2013 at 7:55pm

Finance
Dan buys a new desk for $3,000. Miller will pay back $260 per month. Interest is 5% on the unpaid balance. Calculate balance outstanding after second payment (Use U.S. Rule)
Monday, May 13, 2013 at 10:45pm

Finance
What would be the initial offering price for the following ( assume semiannual compounding), a 15-year zero coupon bond with a YTM of 12 percent
Sunday, May 12, 2013 at 1:41am

Finance
Calculate the future value of $5000 given that it will be held in the bank for 6 years and arn an annual interest rate of 7%.
Wednesday, May 8, 2013 at 7:55pm

Business Finance
A bond has a $1,000 par value (face value) and a contract or coupon interest rate of 10.1%. The bonds have a current market value of $1,126and will mature in 10 years. The firms marginal tax rate is 34%. The cost of capital from this bond debt is ____%
Wednesday, May 8, 2013 at 7:36pm

Personal Finance
PLEASE HELP ME ASAP!!!!!!!!!!!! 32. Which is not a horrible mortgage option? a. ARM b. Conventional c. Reverse mortgage d. Balloon I answered c and I am not sure if that is right or not. 33. Why do you plan for retirement instead of relying on Social Security to take care of ...
Monday, May 6, 2013 at 7:10pm

Personal Finance
PLEASE HELP ME ASAP!!!!!!!!!!! 31. In order to effectively manage money, you need: a. A computer b. An online checking account c. A budget d. A high paying job 35. Which statement is not true about extended warranties? a. Most warranties are about 50-60% commission. b. Only 12...
Monday, May 6, 2013 at 7:01pm

finance
Calculate the IRR of the following project: Year Cash Flow 0 -$30,000 1 $40,000
Monday, May 6, 2013 at 1:47pm

Finance
4.A thirty year US treasury bond has a 4.0 percent interest rate.In contrast, a ten year Treasury bond has an interest rate of 2.5 percent. A maturity risk premium is estimated to be 0.2 percentage points for the longer maturity bond. Investors expect inflation to average 1.5 ...
Monday, May 6, 2013 at 12:31am

Finance
the dividends of the reisner company are expected to grow at an annual rate of 18 percent for the next 5 years, then at a rate of 12 percent each year for the next 4 years, and thereafter grow at a rate of 5 percent each year. if the reisner company's current dividend is $...
Sunday, May 5, 2013 at 10:07pm

Finance
On Abby Ellen's graduation from law school, Abby's uncle, Bull Brady, promised her a gift of $24,000 or $2,400 every quarter for the next 4 years after graduating from law school. If the money could be invested at 6% compounded quarterly, which offer should Abby choose...
Sunday, May 5, 2013 at 3:30pm

Finance
Lin Lowe plans to deposit $1,800 at the end of every 6 months for the next 15 years at 8% interest compounded semiannually. What is the value of Lin's annuity at the end of 15 years? (p. 317)
Sunday, May 5, 2013 at 3:28pm

finance
11-10. A U.S. firm wants to raise $15 million by selling 1 million shares at a net price of $15. We know that some say that firms “leave money on the table” because of the phenomenon of underpricing. a. Using the average amount of underpricing in U.S. IPOs, how many ...
Sunday, May 5, 2013 at 12:14pm

Finance
Bob Bryan made deposits of $10,000 at the end of each quarter to Lion Bank, which pays 8% interest compounded quarterly. After 9 years, Bob made no more deposits. What will be the account's balance 4 years after the last deposit? (p. 317)
Sunday, May 5, 2013 at 12:05am

Finance
Nelson Collins decided to retire to Canada in 10 years. What amount should Nelson deposit so that he will be able to withdraw $80,000 at the end of each year for 25 years after he retires? Assume Nelson can invest money at 7% interest compounded annually. (p. 322)
Sunday, May 5, 2013 at 12:05am

Finance
Scupper Molly invested $1,800 semiannually for 23 years at 8% interest compounded semiannually. What is the value of this annuity due? (p. 319)
Sunday, May 5, 2013 at 12:04am

Finance
Twice a year for 15 years, Warren Ford invested $1,700 compounded semiannually at 6% interest. What is the value of this annuity due? (p. 319)
Sunday, May 5, 2013 at 12:04am

Finance
Joe Jan wants to receive $22,000 each year for the next 22 years. Assume a 6% interest rate compounded annually. How much must Joe invest today?
Sunday, May 5, 2013 at 12:04am

Finance
Lance Industries borrowed $130,000. The company plans to set up a sinking fund that will repay the loan at the end of 18 years. Assume a 6% interest rate compounded semiannually. What amount must Lance Industries pay into the fund each period? Check your answer by Table 13.1
Sunday, May 5, 2013 at 12:03am

Business Finance
In 9 years, Rollo Company will have to repay a $100,000 loan. Assume a 6% interest rate compounded quarterly. How much must Rollo Company pay each period to have $100,000 at the end of 9 years?
Sunday, May 5, 2013 at 12:01am

Finance
A company has identified the following investments as looking promising. Each requires an initial investment of $1.2 million. Which is the best investment? a)a perpetuity that generates a cash flow at the end of year 1 of $100,000, has a growth rate of 1.25%, and a cost of ...
Saturday, May 4, 2013 at 4:51pm

math for business and finance
What sinking fund payment would be required at the end of each three-month period, at 8% interest compounded quarterly, in order to amount to $20,000 within 5 years?
Monday, April 29, 2013 at 9:35am

Corporate Finance
Your firm is looking at 3 projects, each costing $500,000: A is estimated to save $125,000 per year for 5 years; B is estimated to save $75,000 for 6 years plus generate tax savings of $20,000 per year; C is estimated to save $75,000 per year for 10 years but requires ...
Sunday, April 28, 2013 at 9:59pm

real estate finance
Max and Seymour are purchasing their first home using a VA guaranteed mortgage loan. Both have full entitlement. Their combined GMI is $1900.00. Their other monthly obligations total $200. What housing expense payment can they qualify for? _________ They are also using VA ...
Saturday, April 27, 2013 at 11:20am

real estate finance
Frank and Mary are buying a home for $187,500. Their Good Faith Estimate indicates they will be paying $2200 in closing costs and prepaid expenses plus they want to do a permanent buy-down on their interest rate and will be paying 2 1/2 discount points. They are making a 20% ...
Friday, April 26, 2013 at 7:45pm

real estate finance
1. Erin and Melissa have a combined annual gross income of $180,000. Their combined monthly long term debt is $900. What housing expense (mortgage payment) can they qualify for using standard Fannie/Freddie qualifying guidelines$______? What will be their total debt ratio?%______
Thursday, April 25, 2013 at 8:19pm

Finance
2) The company wishes to raise $100 million by issuing stock. The current market price is $15 per share, however, if issued the price will drop to $12.50 per share. How many shares will need to be issued if under writing is 5% per share? If there are currently 600,000 shares ...
Thursday, April 25, 2013 at 12:16pm

Finance
1) A company wishes to issues bonds with a coupon rate of 5%. The company wishes to raise 100 million dollars net of commissions (5% of total sales). Each bond has a face value of $1,000 and matures in 10 years. Interest is to be paid semi-annually. Using the following ...
Thursday, April 25, 2013 at 12:16pm

Finance
You are considering two lottery payment options: Option A pays $10,000 today and Option B pays $20,000 at the end of ten years. Assume youc an earn 6 percent on your savings. Which option will you choose if you base your decision on present values? Which option will you choose...
Wednesday, April 24, 2013 at 11:51am

finance
templeton extended care facilities inc is considering the acquisition of a chain of cemeteries for $450 million. since the primary asset of this business is real estate, templeton's mangement has determined theat they will be able to borrow the majority of the money needed...
Wednesday, April 24, 2013 at 10:57am

finance
Smith Technologies is expected to generate $125 million in free cash flow next year, and FCF is expected to grow at a constant rate of 3% per year indefinitely. Smith has no debt or preferred stock, and its WACC is 14%. If Smith has 45 million shares of stock outstanding, what...
Tuesday, April 23, 2013 at 8:55pm

Finance
"Find the payment necessary to amortize a 4% loan of $2100 compounded quarterly with 13 quarterly payments. Find the payment size."
Tuesday, April 23, 2013 at 9:31am

real estate finance
Sue is appraising a property using the cost approach. The and (if vacant) has a value of $90,000. The house was built in 1982, has 2300 square feet and she has estimated it has an economic life of 90 years. The replacement cost on this type of construction is $120/sq. ft. What...
Sunday, April 21, 2013 at 8:51pm

finance
You won a lottery which pays $10,000 per year for 10 years (at the end of each year). Assuming a discount rate of 8% calculate the present value of your expected winnings.
Saturday, April 20, 2013 at 9:39pm

finance
"You are told you will receive the following cash payments at the end of the next three years: Year 1: $10,000 Year 2: $25,000 Year 3: $50,000 Assuming a discount rate of 12%, what is present value of all payments?"
Saturday, April 20, 2013 at 9:37pm

real estate finance
Jay has an annual income of $50,000. He would qualify for a $__________ monthly payment for housing + other long-term debt on an FHA loan. I have the GMI, but I'm not sure as to how to find the monthly payment. Do I multiply the GMI by 28% in order to get the monthly payment?
Saturday, April 20, 2013 at 10:41am

real estate finance
The annual insurance premium on Maria Snyder's house is $2,074 and the annual property tax is $1,403. If her monthly principal and interest payment is $1,603, find the adjusted monthly payment including principal, interest, taxes, and insurance (PITI).
Friday, April 19, 2013 at 3:29pm

finance
. Fargo Industries has outstanding 30 year bonds at 7% semiannual payments. The bond sells at 90% of its face value. If their tax rate is 22%: a.What is the aftertax cost of debt? b. What is the pretax cost of debt? c. Which is more important in calculating the cost of capital...
Wednesday, April 17, 2013 at 10:52pm

Finance
Andy's total assets are $2,500,000, net profit margin is 5% of sales, dividend payout ratio of 60%, and the ratio of its spontaneous liabilities to sale is 20%. If sales rise from their present level of $5 million by%1,000,000 next year, what will be the firms needs for ...
Wednesday, April 17, 2013 at 7:21pm

Finance
anderson inc has 5,000,0000 debt at 10% per year, sale of 10,000,000, a tax rate of 40% and a net profit margin of 6%, what is anderson's times interest earned ratio?
Wednesday, April 17, 2013 at 7:12pm

finance
Mrs. Kay who is 24 years old plans to retire at the age of 60. Mrs. Kay would like to be able to withdraw $120,000 per year from her retirement account for 40 years after retirement beginning a year after her retirement. She already has $15,000 in her retirement investment ...
Wednesday, April 17, 2013 at 5:25pm

Marketing, Business
Southern Alliance Company needs to raise $25 million to start a new project and will raise the money by selling new bonds. The company will generate no internal equity for the foreseeable future. The company has a target capital structure of 55 percent common stock, 9 percent ...
Monday, April 15, 2013 at 9:30pm

Business Finance
Fjord Luxury Liners has preferred shares outstanding that pay an annual dividend equal to $6 per year. If the current price of Fjord preferred shares is $181, what is the after-tax cost of preferred stock for Fjord? (Round intermediate calculations to 4 decimal places, e.g. 1....
Monday, April 15, 2013 at 11:55am

Finance
You know that the after-tax cost of debt capital for Bubbles Champagne is 4.1 percent. Assume that the firm has only one issue of five-year bonds outstanding. The bonds make semiannual coupon payments and the marginal tax rate is 30 percent. a. Calculate Pre-tax cost of debt ...
Monday, April 15, 2013 at 11:55am

Finance
Rick has a credit card that charges 19% interest compounded monthly. What is the true annual rate of interest for Rick's credit card?
Monday, April 15, 2013 at 9:30am

finance
This morning, you purchased a stock that will pay an annual dividend of $1.90 per share next year. You require a 12 percent rate of return and the annual dividend increases at 3.5 percent annually. What will your capital gain be on this stock if you sell it three years from now?
Sunday, April 14, 2013 at 9:40pm

personal finance
Jo owns 150 shares of Delta General stock. She purchased the stock for $24 a share. She sold the stock for $30 per share. The commissions required to buy and sell her stock cost her $120. Assuming that she received no dividends (income) during the time she owned the stock, ...
Sunday, April 14, 2013 at 6:33pm

Finance
lisa borrowed $8000.00 on an 8%, 60 day note after 15 days she paid $2000.00 on the note , on day 45 , she paid $1000.00 on the note. What is the total interest and ending balance due by us rule by ordinary interest
Friday, April 12, 2013 at 11:10pm

finance
4. a. Someone in the 36 percent tax bracket can earn 9 percent annually on her investments in a tax-exempt IRA account. What will be the value of a one-time $10,000 investment in 5 years? 10 years? 20 years? b. Suppose the preceding 9 percent return is taxable rather than tax-...
Thursday, April 11, 2013 at 12:17pm

real estate finance
A property sells for $125,000 and the homeowner has a mortgage balance in the amount of $65,000. The seller is to pay the buyer's expenses in the amount of $1,000. Seller and buyer agree to close on November 18, 2012. Seller's annual propert taxes are $2,200. The other...
Thursday, April 11, 2013 at 11:07am

Finance for Business
The taught capital structure for QM Industries is 45% common stock 7% preferred and 48% debt. If the cost of common equity for the firm is 17%, the cost of preferred stock is 10%, the before-tax cost of debt is 8.4% and the firm tax rate is 35%, what is the weighted average ...
Thursday, April 11, 2013 at 12:58am

business math
A computer with software costs $2,987, and Docie Johnson has agreed to pay 19% per year finance charge on the cash price. If she contracts to pay the loan in 18 months, how much will she pay each month?
Monday, April 8, 2013 at 2:17pm

finance
Fashion Distributors Incorporated currently sells on terms of 2/10, net 30, with bad debt losses at 1% of gross sales. Of the 99% of the customers that pay, 50% take the discount and pay on Day l0; the remaining 50% pay on Day 30 (average collection period of 20 days). FDI'...
Monday, April 8, 2013 at 1:56pm

finance Business
What I the before-tax cost of 8.4% and the firm uses 35% what is QM's weighed average cost of capital.
Monday, April 8, 2013 at 11:22am

math
Jeanna wants to buy a new boat for her family. She has two payment options. The first option is to pay a cash payment of $7,200. The second option is to finance the boat with a three-year instalment loan. The loan requires a 10% down payment and 36 equal monthly payments of $...
Sunday, April 7, 2013 at 8:49pm

FINANCE
Pls explain and prodive a resource to fine equation. Computing interest tax savings.Dharma Supply has earnings before interest and taxes (EBIT) of $500,000, interest expenses of $300,000, and faces a corporate tax rate of 35%. a. What is Dharma Supply’s net income? b. ...
Friday, April 5, 2013 at 4:14pm

FINANCE
Pls explain and prodive a resource to fine equation. Computing interest tax savings.Dharma Supply has earnings before interest and taxes (EBIT) of $500,000, interest expenses of $300,000, and faces a corporate tax rate of 35%. a. What is Dharma Supply’s net income? b. ...
Friday, April 5, 2013 at 2:40pm

Math
Find the APR (true annual interest rate), to the nearest half percent, for the following loan. Amount Financed = $1200 Finance Charge = $90 Number of Monthly Payments = 12
Thursday, April 4, 2013 at 11:42pm

Finance
. Suppose the December CBOT Treasury bond futures contract has a quoted price of 80-07. If annual interest rates go up by 1.00 percentage point, what is the gain or loss on the futures contract? (Assume a $1,000 par value, and round to the nearest whole dollar.)
Monday, April 1, 2013 at 8:48pm

Personal Finance
Janice Jacobs is planning for her retirement. She knows what assets and liabilities she has now and expects to have in the future. She knows what her spending patterns are likely to be and adjusted them for inflation. She also has identified all of her sources of income after ...
Monday, April 1, 2013 at 12:03pm

Business/Finance
Your credit card: a) Is a form of demand deposit b) Is a form of time deposit c) Is an asset d) Has all the functions of money So from my understanding, credit cards are not an asset, since they do not store value, can't be sold or given away. Hence they also do not have ...
Sunday, March 31, 2013 at 11:46am

finance
1. According to the doctrine of supply, the amount---------- will increase as the _____ increase. A. bought, cost B. supplied, price C. demanded, cheapness D. sold, demand
Sunday, March 31, 2013 at 8:32am

Livingston High
$287.44 APR 12% FINANCE CHARGE $2.87 WHATS THE ACCOUNT BALANCE?
Saturday, March 30, 2013 at 8:25pm

real estate finance
Evan is borrowing $130,000 to buy a home priced at $144,500, and wants to do a permanent buy-down on his interest rate. His loan officer informs him the buy-down will cost 3 1/2 points to reduce his rate from 5 1/2% to 5%. How much will Evan have to pay at closing to do the ...
Friday, March 29, 2013 at 2:44pm

Finance
They will need 200,000 in 18 years and they can expect a rate of return of 6 %. How much will they need to invest annually. I would have set it up and gotten $70068.76 but then do you divide by 18?
Thursday, March 28, 2013 at 12:55am

real estate finance
I need to find the mortgage loan amount and can't remember how to do it. The borrowers have a combined gross monthly income of $50,400. Sale price is $190,000 and buyers are able to obtain a 90% conventional FNMA/FHLMC loan at 4 3/4% for 30 years. The annual PMI premium is...
Saturday, March 23, 2013 at 10:07am

Finance
Walmart wishes to determine the rate of return of an investment made four years ago for $25 000 and currently has a market value of $31 500. During the current year the investment generated cash flows of $1000. Required: What is the rate of return on the investment?
Thursday, March 21, 2013 at 9:46am

Finance
The current market price of the company’s share is $5; its next expected dividend is $0.20 and its expected growth rate is 10%. Flotation cost is 20% of the market price of the share. 3. What is the weighted average cost of capital
Thursday, March 21, 2013 at 9:39am

Finance
The most recent financial statements for Retro Machine, Inc., follow. Sales for 2010 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed ...
Wednesday, March 20, 2013 at 11:51pm

Finance
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10% loan in the amount of $35,000 that will require monthly payments. What is the monthly loan payment. And what will the loan effective annual interest...
Tuesday, March 19, 2013 at 10:14am

Finance
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10% loan in the amount of $35,000 that will require monthly payments. What is the monthly loan payment. And what will the loan effective annual interest...
Tuesday, March 19, 2013 at 10:11am

Finance
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10% loan in the amount of $35,000 that will require monthly payments. What is the monthly loan payment. And what will the loan effective annual interest...
Tuesday, March 19, 2013 at 10:11am

Finance
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10% loan in the amount of $35,000 that will require monthly payments. What is the monthly loan payment. And what will the loan effective annual interest...
Tuesday, March 19, 2013 at 10:11am

Finance
A company has total assets of $8,500,000 and its total turnover of 2.35 times. If the return on assets is 9 percent, what is its profit margin? Please help with a formula?
Monday, March 18, 2013 at 2:16pm

Finance
A firm's target capital structure consists of 40 percent debt, 5 percent preferred stock, and 55 percent common equity. The firm’s cost of debt is 10%, the cost of preferred stock is 11.26%, and the cost of equity is 14 %. What is the firm's weighted average cost ...
Monday, March 18, 2013 at 2:45am

Finance
I need help with the following question. I have already answer question 25 and 26 so I need the following: Text Book Fundamentals of Corporate Finance After you have completed your income statement and balance sheet, compute the following financial ratios for both fiscal years...
Sunday, March 17, 2013 at 3:23pm

math
find the monthly payment for the loan. Finance $ 750.000 for a warehouse with a 9.50% 30 year loan.
Sunday, March 17, 2013 at 3:06pm

business
Pikes Peak Harley Davidson. offered to finance a new motorcycle for qualifying customers at 15% downer 7.5% interest for 48 months during July 2009 Rich Martinez was interested in calculate what his monthly payment would be if he bought a $29,386 bike.
Sunday, March 17, 2013 at 8:29am

Managerial Finance
A firm has an issue of preferred stock outstanding that has a par value of $100 and a 4% dividend. If the current market price of the preferred stock is $50, the yield on the preferred stock is
Saturday, March 16, 2013 at 5:09pm

Finance
An insurance company is offering a new policy to its customers. Typically, the policy is bought by a parent or grandparent for a child at the child's birth. The details of the policy are as follows: The purchaser (say, the parent) makes the following six payments to the ...
Tuesday, March 12, 2013 at 9:39pm

Business Law
Agile Corporation borrows $1 million from Hi Finance Company (HFC). Agile signs a financing statement that describes the collateral, its inventory and proceeds, and HFC files the statement in the appropriate state office. Using the same collateral, Agile later borrows $500,000...
Tuesday, March 12, 2013 at 4:08pm

Finance
The Rangoon Timber Company has the following ratios: Sales / Total assets 2.98; ROA 11.86%; ROE 14.35%. What are Rangoon’s profit margin and debt ratio?
Tuesday, March 12, 2013 at 1:16am

Finance
Breckenridge Ski Company has total assets of $590,618,083 and a debt ratio of 36.46 percent. Calculate the company’s debt-to-equity ratio and equity multiplier
Tuesday, March 12, 2013 at 1:16am

Finance
Recreational Supplies Co. has net sales of $9,191,375, an ROE of 31.02 percent, and a total asset turnover of 2.42 times. If the firm has a debt-to-equity ratio of 0.76, what is the company’s net income?
Tuesday, March 12, 2013 at 1:15am

Finance
The Oakland Mills Company has disclosed the following financial information in its annual reports for the period ending March 31, 2011: sales of $1,544,077, costs of goods sold of $639,978, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the ...
Tuesday, March 12, 2013 at 1:15am

Finance
Caustic Chemicals management identified the following cash flows as significant in their year end meeting with analysts: During the year Caustic repaid existing debt of $250,818 and raised additional debt capital of $693,120. It also repurchased stock in the open market for a ...
Tuesday, March 12, 2013 at 12:51am

Finance
1. The present value of a cash flow stream is $11,958.20. Using a discount rate of 12% what would be the missing cash flow in year 2? Year Cash Flow 1 $2,000 2 ??? 3 $4,000 4 $4,000 a. $4000 b. $4500 c. $5000 d. $5500 e. $6000
Monday, March 11, 2013 at 10:37pm

Finance
3. Which of the following results in the creation or accumulation of treasury stock? a. Stock dividends b. Stock repurchases c. Stock splits d. Reverse stock splits
Monday, March 11, 2013 at 10:35pm

Math
Richard borrowed 180000 dollars from his bank to help finance the purchase of a house. The bank charges interest a rate of 5.9 percent per year compounded monthly. Richard has agreed to repay the loan in equal monthly installments over 25 years. How much should each payment be...
Monday, March 11, 2013 at 2:34pm

Math
Jim made a down payment of 1000 dollars toward the purchase of a car. To pay the balance of the purchase price, he has secured a loan from his bank at the nominal rate of 5.1 percent per year compounded monthly. Under the terms of his finance agreement, he is required to to ...
Monday, March 11, 2013 at 2:07pm

Statistics
I am struggling with how to answer this. It seems not enough information is given so it is really hard to agree or to disagree. (this is uni statistics) Assume you are the Store Manager for Coles in Wagga at the beginning of December 2012. An accountant in head offce has ...
Monday, March 11, 2013 at 3:26am

business math/finance
1. If you were to place $15,000 in the bank at 3% interest, how much would you have in the bank after one year if the interest were compounded quarterly?
Monday, March 11, 2013 at 12:21am

Mathematics of Finance
Richard borrowed 170000 dollars from his bank to help finance the purchase of a house. The bank charges interest a rate of 8.9 percent per year compounded monthly. Richard has agreed to repay the loan in equal monthly installments over 35 years. a) How much should each payment...
Saturday, March 9, 2013 at 5:27pm

Finance Math
Jane made a down payment of 1500 dollars toward the purchase of a car. To pay the balance of the purchase price, she has secured a loan from her bank at the nominal rate of 5.8 percent per year compounded monthly. Under the terms of her finance agreement, she is required to to...
Saturday, March 9, 2013 at 5:25pm

Finance
You have an invoice for a major expenditure due in 5 years for $82,000 and the annual interest rate of 5%. How much do you need now to pay for this expenditure?
Saturday, March 9, 2013 at 2:32pm

finance
(Bond valuation) Eagle Ventures has a bond issue outstanding with an annual coupon rate of 7 percent and 4 years remaining until maturity. The par value of the bond is $1,000. (a) Determine the current value of the bond if present market conditions justify a 14 percent ...
Friday, March 8, 2013 at 8:34pm

Finance
You decide to sell short 100 shares of Charlotte Farms when it is selling at its yearly high of $56. Your broker tells you that your margin requirement is 45% and that the commission on the purchase is $155. While you are short the stock, Charlotte pays a $2.50 per share ...
Friday, March 8, 2013 at 2:45pm

Finance
An insurance company is offering a new policy to its customers. Typically, the policy is bought by a parent or grandparent for a child at the child's birth. The details of the policy are as follows: The purchaser (say, the parent) makes the following six payments to the ...
Friday, March 8, 2013 at 4:36am

finance
entrepreneurial finance 4th edition chapter 4 mini case Jen and Larry's Frozen Yogurt Company
Wednesday, March 6, 2013 at 9:31pm

Finance
Suppose you own $1 million worth of 30-year Treasury bonds. Is this asset riskless?
Wednesday, March 6, 2013 at 6:10pm

Finance
P5. Use your knowledge of income statements to fill in the missing items: SALES - $------ COST OF GOODS SOLD - $575,000 GROSS PROFIT - $1,600,000 GENERAL AND ADMINISTRATIVE EXPENSE - $200,000 SELLING AND MARKETING EXPENSE - $------ DEPRECIATION - $50,000 OPERATING INCOME...
Wednesday, March 6, 2013 at 9:28am

Finance
P2. Use your knowledge of balance sheets to fill in the missing amounts: Assets: CASH - $10,000 ACCOUNTS RECEIVABLE - $100,000 INVENTORY - $------ TOTAL CURRENT ASSETS – $220,000 GROSS PLANT AND EQUIPMENT – $500,000 LESS: ACCUMULATED DEPRECIATION -$ ------ NET PLANT ...
Wednesday, March 6, 2013 at 9:27am

Finance
AQ&Q has EBIT of $2 million, total assets of $10 million, stockholders' equity of $4 million, and pretax interest expense of 10 percent. A. What is AQ&Q's indifference level of EBIT? B. Given its current situation, might it benefit from increasing or decreasing its use...
Tuesday, March 5, 2013 at 3:28pm

finance
What is the future value of $700 deposited for one year earning a 8% interest rate annually
Monday, March 4, 2013 at 3:58pm

corporate finance
1. Which of the following is NOT correct for a firm with seasonal sales and customers who all pay promptly at the end of 30 days? a. DSO will vary from month to month. b. The quarterly uncollected balances schedule will be the same in each quarter. c. The level of accounts ...
Monday, March 4, 2013 at 11:40am

math
calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. ( round your answers to the nearest cent). $ 400 balance, 15%, $ 50 payment. A) previous balance ...
Sunday, March 3, 2013 at 5:36pm

finance
if you want to have $7000 in 10 years, how much money must you put in a savings account today? Assume the account pays 4% compounded daily.
Sunday, March 3, 2013 at 5:11pm

math
calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. ( round your answers to the nearest cent). $ 400 balance, 15%, $ 50 payment. A) previous balance ...
Sunday, March 3, 2013 at 9:11am

Finance
Use the “balance sheet equation” to determine owners’ equity if liabilities are $5 million and assets are $10 million. Assets = Liabilities + Owners’ equity
Saturday, March 2, 2013 at 9:10pm

math
calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. ( round your answers to the nearest cent). $ 400 balance, 15%, $ 50 payment. A) previous balance ...
Saturday, March 2, 2013 at 1:09pm

math
calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded and that the month is 30 days long. ( round your answers to the nearest cent). $ 400 balance, 15%, $ 50 payment. A) previous balance ...
Saturday, March 2, 2013 at 11:07am

finance
anyone have any information on case study of motomart senior captstone business
Thursday, February 28, 2013 at 6:19pm

Finance
CAN SOMEONE PLEASE PLEASE HELP ME WITH A FINANCE QUESTION THAT I POSTED YESTERDAY,WEDNESDAY,FEB 27TH @ 5:58PM.PLAEASE,ANY AND ALL HELP WILL BE GREATLY APPRECIATED
Thursday, February 28, 2013 at 7:46am

Finance
Please help me,math word problems make my brain go crazy. Some friends are urging you to chip in with them to buy a vacant parcel og land on the outskirts of your city. A one-fourth interest would cost you $10,000.Total annual expenses on the property are $2,200.When the ...
Wednesday, February 27, 2013 at 5:58pm

Finance
Your board of directors is thinking of taking out a loan of $500,000 for the corporporation. You have to pay $5,500 per month and $50,000 after 10 years. What annual Rate of Return would you hve to achieve on investments to make this a profitable venture?
Tuesday, February 26, 2013 at 9:20am

FINANCE
What will $10,000,000 be in 12 years if it earns 7% and you add $5,000 at the beginning of every month?
Tuesday, February 26, 2013 at 9:02am

Finance
In February 2011 the risk-free rate was 4.50 percent, the market risk premium was 7.00 percent, and the beta for Dell stock was 1.50. What is the expected return that was consistent with the systematic risk associated with the returns on Dell stock
Monday, February 25, 2013 at 3:59pm

finance
You have chosen biology as your college major because you would like to be a medical doctor. However, you find that the probability of being accepted to medical school is about 6 percent. If you are accepted to medical school, then your starting salary when you graduate will ...
Monday, February 25, 2013 at 3:55pm

Finance
Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $40,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 5% compounded annually?
Sunday, February 24, 2013 at 7:57pm

Finance
Tom company has sales of Rs.200,000/- with variable expenses of Rs.150,000/-, fixed expenses of Rs.60,000/-, and an operating loss of Rs.10,000/-. By how much would Tom have to increase its sales in order to achieve an operating income of 10% of sales?
Sunday, February 24, 2013 at 1:37am

Finance
You plan to open a retirement account. Your employer will match 50 percent of your deposits up to a limit on the match of $2500 per year. You believe the fund will earn 12 percent per year over the next 30 years, and you will make 30 deposits of $5000, plus 50 percent employer...
Saturday, February 23, 2013 at 7:26am

College math
Can someone please assist me The problem reads "use the rule of 78 to find the payoff amount for the loan paid in full before the date" Finance charge: $717 Total number of payments 41 Amount per payment $155 Remaining payments when paid in full 10 Please help. ...
Friday, February 22, 2013 at 10:43pm

Helpppp
Find the apr to the nearest half percent for the following loan Amount financed $3400 Finance charge $470 Number of monthly payments 36 Please help
Friday, February 22, 2013 at 11:24am

Finance
1. Firm L has debt with a market value of $200,000 and a yield of 9%. The firm's equity has a market value of $300,000, its earnings are growing at a rate of 5%, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12%. Under the MM extension with ...
Thursday, February 21, 2013 at 9:49pm

Finance
Bond with $1000 par value and a contract interest rate of 10.8%. Bonds current market rate is $1123 and matures in 10 years. Marginal tax rate is 34%. What is the cost of capital from this bond debt?
Thursday, February 21, 2013 at 6:12pm

Finance
Find the finance charge in the open end charge account. Assume interest calculated is on the unpaid balance of the account Unpaid balance $611.80 Monthly interest rate 1.1%
Thursday, February 21, 2013 at 5:52pm

finance
what is the interest charge with 10.90% APR (annual percentage rate) on a balance of $7100.00
Wednesday, February 20, 2013 at 7:58pm

College Finance
1.A recent edition of The Wall Street Journal reported interest rates of 10.75 percent, 11.10 percent, 11.48 percent, and 11.75 percent for 3-, 4-, 5-, and 6-year Treasury security yields, respectively. According to the unbiased expectation theory of the term structure of ...
Tuesday, February 19, 2013 at 11:51pm

finance
How long will it take $2,000 to reach $4,800 when it grows at 12 percent per year? (Do not round intermediate calculations and round your final answer to 2 decimal places.) I need help solving this problem, can i see it worked out?
Tuesday, February 19, 2013 at 11:18am

finance
Texas Wildcatters Inc. (TWI) is in the business of finding and developing oil properties, and then selling the successful ones to major oil refining companies. TWI is now considering a new potential field, and its geologists have developed the following data, in thousands of ...
Monday, February 18, 2013 at 2:32pm

Finance 100
The following information is available to you: travelers' checks = $1 million; coin and paper currency = $30 million; repurchase agreements and Eurodollars = $15 million; demand deposits = $25 million; retail money market mutual funds = $60 million; savings accounts at ...
Monday, February 18, 2013 at 11:29am

finance
Assume investors expect a 2.0 percent real rate of return over the next year. If inflation is expected to be 0.5 percent, what is the expected nominal interest rate for a one-year U.S. Treasury security?
Sunday, February 17, 2013 at 2:03pm

Finance
Would anyone be able to help me out please? You buy 100 shares of XYZ at $40per share.XYZ pays an annual dividend of $2 and offers an automatic dividend reinvestment plan.Assume that the dividend will remain constant over the next 5 yrs and that the stock will increase 5% each...
Sunday, February 17, 2013 at 8:13am

Finance
Nick contends that a share repurchase will increase the company’s ROA, ROE, and P/E ratio. Do you agree? How will a share repurchase affect the value of the firm?
Saturday, February 16, 2013 at 10:49pm

Finance
I've posted this question once already and really need help. You buy 100 shares of XYZ at $40 per share.XZ pays an annual dividend of $2.00 and offers an automatic dividend reinvestment plan.Assume that the dividend will remain constant over the next 5 years and that the ...
Friday, February 15, 2013 at 7:54pm

Finance
Joshua borrowed $2,300 for one year and paid $138 in interest. The bank charged him an $15 service charge. If Joshua paid the $2,300 in 12 equal monthly payments, what is the APR? (Round your answer to 1 decimal place
Friday, February 15, 2013 at 3:41pm

FInance
Assume that you have $10,000 which you plan to invest for 3 years. How much more would you have if you invested the funds at 10% with annual compound interest versus 10% with simple interest? No funds will be paid until the end of the 3rd year.
Thursday, February 14, 2013 at 10:08pm

finance
Assume a $1,000 face value bond has a coupon rate of 8.5 percent, pays interest semi-annually, and has an eight-year life. If investors are willing to accept a 10.25 percent rate of return on bonds of similar quality, what is the present value or worth of this bond?
Thursday, February 14, 2013 at 2:44pm

Finance
Given her evaluation of current economic conditions, Ima Nutt believes there is a 20 percent probability of recession, a 50 percent chance of continued steady growth, and a 30 percent probability of inflationary growth. For each possibility, Ima has developed an interest rate ...
Wednesday, February 13, 2013 at 4:02pm

business finance
Kate Eden received a graduation present of $5,000 that she is planning on investing in a mutual fund that earns 6.00 percent each year. How much money can she collect in three years
Monday, February 11, 2013 at 9:42pm

business finance
If i invested 10,000.00 in a bank CD that pays a 6% annual interest. How much will the CD be worth at the end of five years
Monday, February 11, 2013 at 9:41pm

Finance
You (or your parents) plan to pay $1,275.00/month for a mortgage. How much is the minimum realized income per month to the nearest penny
Monday, February 11, 2013 at 4:45pm

Finance
A rich man has 1 million dollars in the bank earning 7% interest. He plans to give away $100,000 at the end of the year and to increase his gifting by 10% per year thereafter. How long will the million dollars last?
Monday, February 11, 2013 at 10:29am

Finance
an economic contraction (recession) is now well under way, and the Fed plans to use all facilities at its command to halt the decline. Describe the measures that it may take.
Sunday, February 10, 2013 at 9:56pm

finance
Tater and Pepper Corp. reported free cash flows for 2012 of $43.1 million and investment in operating capital of $26.1 million. Tater and Pepper incurred $14.0 million in depreciation expense and paid $29.7 million in taxes on EBIT in 2012. Calculate Tater and Pepper’s ...
Sunday, February 10, 2013 at 6:43pm

finance
Thelma and Louie's Inc started the year with a balance of retained earnings of $547 million and ended the ear with retained earnings of $594 million. The company paid dividends of $37 million to the preferred stockholders and $77 million to common stockholder. I need to ...
Sunday, February 10, 2013 at 5:16pm

finance
Thelma and Louie's Inc started the year with a balance of retained earnings of $547 million and ended the ear with retained earnings of $594 million. The company paid dividends of $37 million to the preferred stockholders and $77 million to common stockholder. Calculate ...
Sunday, February 10, 2013 at 1:11pm

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