Friday
April 18, 2014

Homework Help: Business: Finance

Recent Homework Questions About Finance

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Finance
A
Sunday, April 6, 2014 at 10:37pm

personal finance
C is right
Saturday, April 5, 2014 at 10:58pm

Finance
Thanks for the help and explanation!
Saturday, April 5, 2014 at 1:14am

finance
Thanks for the explanation Henry!
Saturday, April 5, 2014 at 1:13am

finance
A bond that has a $1000 par value (face value) and a contract or coupon interest rate of 11.1%. The bonds have a current market value of $1125 and will mature in 10 years. The firms marginal tax rate is 34%. The cost of capital from this bond debt is what percent? (round to ...
Thursday, April 3, 2014 at 4:29pm

FINANCE
Assume the returns from holding small-company stocks are normally distributed. Also assume the average annual return for holding the small-company stocks for a period of time was 16.5 percent and the standard deviation of those stocks for the period was 32.5 percent. Use the ...
Wednesday, April 2, 2014 at 10:34pm

FINANCE
Exercise anwers
Wednesday, April 2, 2014 at 9:20pm

Finance
Direct send-Single. Ocean Research of San Diego, California, just received a check in the amount of $800,000 from a customer in Bangor, Maine. If the firm processes the check in the normal manner, the funds will become available in 6 days. To speed up this process, the firm ...
Wednesday, April 2, 2014 at 8:24pm

Finance
monthly rate = .041/12 = .00341666.. let the effective annual rate be i 1 + i = (1 + .00341666..)^12 1+i = 1.0417783 i = .0417783 or appr 4.18%
Wednesday, April 2, 2014 at 7:59pm

Finance
Kim has money in a savings account that earns an annual interest rate of 4.1%, compounded monthly. What is the effective rate of interest on Kim's account? Round to the nearest hundredth of a percent.
Wednesday, April 2, 2014 at 7:42pm

Business Math
Joanne and Ed Greenwood built a new barn with an attached arena. To finance the loan, they paid $1,307 interest on $45,000 at 4.0%. What was the time, using exact interest? (Do not round intermediate calculations. Round up your answer to the nearest day.) Please help!
Wednesday, April 2, 2014 at 5:18am

finance
the price of the stock is now $85 and no dividends are paid, and expects the price four years from now to be 4125 a share should the investor buy if he wants a 15 percent rate of return.
Tuesday, April 1, 2014 at 1:07am

Finance
3 is d
Sunday, March 30, 2014 at 1:33am

Finance
What is the coupon rate of a two-year, $10,000 bond with semiannual coupons and a price of $9,543.45, if it has yield to maturity of 6.8%?
Saturday, March 29, 2014 at 8:03pm

Finance
If $12,000 is invested in a certain business at the start of the year, the investor will receive $3,600 at the end of the next four years. What is the present value of this business opportunity if the interest rate is 7% per year?
Saturday, March 29, 2014 at 7:58pm

Finance
I have now answered 2 of these kind of questions for you. Exactly where are you finding difficulties with these? Do you know the 4 basic formulas we have to use for these ?
Saturday, March 29, 2014 at 7:14pm

Finance
PV = 10000(1 - 1.08)^-10)/.08 + 20000(1 - 1.08^-30)/.08 (1.08)^-10 = 171391.45 or pretend you are gettting 20,000 for 40 years - the 10,000 for the first 10 years = 20000(1 - 1.08^-40)/.08 - 10000(1 - 1.08^-10)/.08 = 171391.45
Saturday, March 29, 2014 at 7:11pm

Finance
Jared has decided that he wants to build enough retirement wealth that, if he invests at 8% per year (compounded monthly), will provide him with $3,500 of monthly income for 30 years. To date, he has saved nothing, but he still has 25 years until he retires. How much money ...
Saturday, March 29, 2014 at 6:53pm

Finance
Mark has won a contest in which he will receive $10,000 at the end of each of the next 10 years and then $20,000 a year for the next 30 years after that. With an 8% discount rate, what is the present value of Mark's prize?
Saturday, March 29, 2014 at 6:51pm

Finance
150000 =PAY( 1 - 1.07^-20)/.07 solving for PAY, I got $ 14,158.94 Balance owing after 7 years = 150000(1.07)^7 - 14158.94( 1.07^7 - 1)/.07 = $ 118.335.46
Saturday, March 29, 2014 at 6:41pm

Finance
You borrow $150,000 to purchase a new house. The bank offers you a special 20 year loan with a 7% interest rate and you will make annual payments. How large will each payment be? If you want to sell your house after 7 years, how much will you owe and need to pay to pay off the...
Saturday, March 29, 2014 at 6:33pm

Finance
10. A new factory at Arcata requires an initial outlay of $3.5 million to be paid immediately. The factory will last for eight additional years, after which it can be sold for a salvage value of $2,000,000. Sales will be $800,000 during the first year of operation and will ...
Friday, March 28, 2014 at 10:38pm

Finance
9. H Corporation is considering a training program that cost $600,000. Anticipated benefits are $60,000 in the first year, $75,000 in the second year, $85,000 in the third year, and $95,000 in the fourth year. Benefits will decline 8 percent a year after the fourth year, and ...
Friday, March 28, 2014 at 10:37pm

Finance
150,000,000/365 X 6 days = 2,465,753
Friday, March 28, 2014 at 2:52pm

Finance
7 months
Friday, March 28, 2014 at 2:09am

FINANCE
Think .026
Friday, March 28, 2014 at 2:07am

finance
23
Friday, March 28, 2014 at 1:00am

Finance
I got 68016.92
Thursday, March 27, 2014 at 9:34pm

FINANCE
Gamma Ltd is not expecting to pay dividends for three years, at the end of year four, a dividend of $2.45 is planned and dividends are expected to be constant forever after that. The required rate of return for Gamma Ltd equity is j4 = 12.25% pa. What is the expected price (...
Thursday, March 27, 2014 at 8:50pm

personal finance
b
Thursday, March 27, 2014 at 10:56am

personal finance
The interest rate is composed of _____ and the ______? a. risk-free rate,risk discount b.risk free rate, risk premium c.risk free rate, default risk premium d. none of the above
Thursday, March 27, 2014 at 10:45am

finance
Polycorp has a current dividend of $5.00 due tomorrow and is expected to pay a dividend $5.50 at the end of the first year. Its dividend is expected to grow at 8% pa for the following year. Dividends are then expected to grow at 4% pa for another two years. Then they are ...
Thursday, March 27, 2014 at 10:32am

FINANCE
Now that they have accumulated a deposit of 55,000 Jack and Jill take out a housing loan to purchase a home. The house costs $755,000. It is to be repaid in equal monthly instalments over a term of 30 years. The interest rate quoted by the bank is an effective annual rate is 7...
Thursday, March 27, 2014 at 12:50am

FINANCE
A perpetuity with the first annual cash flow paid at the beginning of year 4 is equivalent to receiving $103,000 in 15 years’ time. Assume that the perpetuity and the lump sum are of equivalent risk and that j12 = 14.32% pa is the appropriate interest rate. How much is ...
Thursday, March 27, 2014 at 12:49am

FINANCE
Many creditors of your firm offer early payment discounts. The accounts payable supervisor does not believe in paying early “as the bank overdraft rate of j12 = 8% pa is more than the average 2% offered for payment within 10 days from date of invoice”. The supervisor...
Thursday, March 27, 2014 at 12:48am

FINANCE
A ninety day bank bill with 90 days to maturity has a price of $99427.95. What is the effective annual yield implied by this price and maturity? Be careful I am not asking for the annual nominal yield, which by convention is normally quoted in financial markets. FACE VALUE OF...
Thursday, March 27, 2014 at 12:48am

FINANCE
Polycorp has a current dividend of $5.00 due tomorrow and is expected to pay a dividend $5.50 at the end of the first year. Its dividend is expected to grow at 8% pa for the following year. Dividends are then expected to grow at 4% pa for another two years. Then they are ...
Thursday, March 27, 2014 at 12:47am

FINANCE
Polycorp Treasury a company in the land of Zanadu is holding a parcel of Zanadu Government Bonds with a face value of $2,000,000. The bonds were issued seven years and nine months ago and still have two years and three months to maturity. They pay a coupon rate of interest of ...
Thursday, March 27, 2014 at 12:46am

FINANCE
Gamma Ltd is not expecting to pay dividends for three years, at the end of year four, a dividend of $2.45 is planned and dividends are expected to be constant forever after that. The required rate of return for Gamma Ltd equity is j4 = 12.25% pa. What is the expected price (...
Thursday, March 27, 2014 at 12:42am

FINANCE
choice A: pay 3100(.85) or 2635 now choice B: pay 12 payments of 270 present value of the 12 payments at a monthly rate of i = 270( 1 - (1+i)^-12)/i= 2635 hard to solve, let Wolfram do it for us (I changed the i to x, since Wolfram thinks i = √-1 ) http://www....
Thursday, March 27, 2014 at 12:03am

FINANCE
Mooncorp Insurance has quoted you an annual premium to insure your car of $3100. You are offered a 15% discount if you pay the lump sum immediately. They also offer an alternative payment method. You can pay the account in full by making 12 equal beginning of the month ...
Wednesday, March 26, 2014 at 11:23pm

Math
Could somebody please help me with a few Math questions? 1. Provide an appropriate response. True or False? 100.567 is between 10 and 100. 2. Use an annual percentage rate table to solve the problem. A family purchased a new ski boat for $20,000. The loan agency required a ...
Wednesday, March 26, 2014 at 2:14pm

finance
Templeton Extended Care Facilities, Inc. is considering the acquisition of a chain of cemeteries for $430 million. Since the primary asset of this business is real estate, Templeton’s management has determined that they will be able to borrow the majority of the money ...
Wednesday, March 26, 2014 at 2:00pm

Finance
300( 1 - 1.01^-n)/.01 = 2000 300(1 - 1.01^-n) = 20 1 - 1.01^-n = 1/15 14/15 = 1.01^-n ln both sides and use rules of logs ln 14 - ln15 = -n ln 1.01 n = (ln 15 - ln 14)/ln 1.01 = 6.934 appr 7 months of course I could have used log 15 etc. and obtained the same result.
Wednesday, March 26, 2014 at 1:35pm

Finance
One of your customers is having trouble paying her account. You agree to a repayment schedule of $300 per month. You charge 1% per month interest on late accounts. If the current balance is $2000, how long will it take to pay off the debt?
Wednesday, March 26, 2014 at 12:41pm

Healthcare finance
I post a question earlier- confused as to when taxes are assumed. Am I heading in the right direction when I say after profit- so my answer is 7,937.5 based on profit of 82,500. I am taking 317,5009Total costs)/40(cost per visit). Or if before profit 342,750/40= 8,567.75...
Tuesday, March 25, 2014 at 10:35am

Healthcare Finance
you are considering starting a walk in clinic. Your financial projections are as follows: revenues $400,000, wages and benefits 220000, rent $5,000., depreciation $30,000., utilities $2,500., medical supplies $50,000. and administrative costs $10,000. Assume all costs are ...
Tuesday, March 25, 2014 at 9:24am

Finance
Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $1,860,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is ...
Monday, March 24, 2014 at 10:12pm

Finance
what is the net present value of a note for $70,000, PAID MONTHLY AT $600, plus 7% interest
Monday, March 24, 2014 at 5:31pm

Finance
Handy Enterprises has gathered projected cash flows for two projects. Year Project I Project J 0 –$215,000 –$215,000 1 104,000 75,000 2 93,000 86,000 3 79,000 96,000 4 72,000 105,000 Requirement 1: At what interest rate would the company be indifferent between the ...
Wednesday, March 19, 2014 at 10:27pm

Finance
Handy Enterprises has gathered projected cash flows for two projects. Year Project I Project J 0 –$215,000 –$215,000 1 104,000 75,000 2 93,000 86,000 3 79,000 96,000 4 72,000 105,000 Requirement 1: At what interest rate would the company be indifferent between the ...
Wednesday, March 19, 2014 at 9:19pm

Finance
Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows: Year Cash Flow 0 –$690,000 1 243,000 2 175,000 3 256,000 4 231,000 All cash flows will occur in Erewhon and are expressed in dollars. In an attempt to ...
Wednesday, March 19, 2014 at 4:12pm

Finance
Handy Enterprises has gathered projected cash flows for two projects. Year Project I Project J 0 –$215,000 –$215,000 1 104,000 75,000 2 93,000 86,000 3 79,000 96,000 4 72,000 105,000 Requirement 1: At what interest rate would the company be indifferent between the ...
Wednesday, March 19, 2014 at 4:05pm

Finance
A company has just completed the third year of a five-year MACRS recovery period for a piece of equipment it originally purchased for $300,000. a. What is the book value of the equipment? b. If the company sells the equipment today for $180,000, and its tax rate is 35%, what ...
Wednesday, March 19, 2014 at 12:27pm

finance
Linda Scales is now employed as the managing editor of a well-known business journal. Although she thoroughly enjoys her job and the people she works with, what she would really like to do is open a bookstore of her own. She would like to open her store in about eight years ...
Tuesday, March 18, 2014 at 8:25pm

Finance
77
Tuesday, March 18, 2014 at 6:17pm

Finance
i think it id c
Sunday, March 16, 2014 at 1:34pm

finance
P = Po*r*t/(1-(1+r)^-t) Po = $13,000 = Loan amount. r = (6%/12)/100% = 0.005 = Monthly % rate expressed as a decimal. t = 12mo/yr * 10yrs = 120 Months. P = (13000*0.005*120)/(1-(1.005)^-120) = $17,319.20 = Amt. to be paid. Monthly Payment = P/t = 17319.20/120 = $144.33 Payment...
Saturday, March 15, 2014 at 8:30pm

Finance
You have conflicting information. At the beginning of his "retirement period" he will need: 35000( 1 - 1.08^-15)/.08 = 299,581.75 so he would not need $400,000 at that time. To assure that he will have that $299,581.75 available 20 years from now , he needs a present...
Saturday, March 15, 2014 at 7:44am

Finance
Simon wishes to have $400,000 in a retirement fund 20 years from now. He can create the retirement fund by making a single lump sum deposit today. How much would Simon need to have on deposit at retirement in order to withdraw $35,000 annually over the 15 years if the ...
Saturday, March 15, 2014 at 1:04am

personal finance
1295.19 * 1.015 = ?
Friday, March 14, 2014 at 1:07pm

personal finance
Chloe has a $2,500 credit limit on her credit card and has charged $1,295.19 to her account. There is a 1.5% finance charge on the $1,295.19. How much must Chloe pay to clear her account?
Friday, March 14, 2014 at 12:49pm

finance
A project has an initial requirement of $261,000 for fixed assets and $27,000 for net working capital. The fixed assets will be depreciated to a zero book value over the 4-year life of the project and have an estimated salvage value of $78,000. All of the net working capital ...
Thursday, March 13, 2014 at 1:07pm

Business Math
Larry Mager purchased a ski lodge in Telluride for $850,000. His bank is willing to finance 70% of the purchase price. As part of the mortgage closing costs, Larry had to pay 4(1/4) discount points. How much did this amount to?
Wednesday, March 12, 2014 at 4:36pm

Finance
Erica sells magazine subscriptions and makes a flat rate of $5.35 for each subscription she sells. If Erica made $42.80 on Monday, $64.20 on Tuesday and $74.90 on Wednesday, how many subscriptions did she sell in the three days?
Wednesday, March 12, 2014 at 11:51am

finance
For a $13,000 student loan with a 6% APR, how much of the payment will go toward the principal and how much will go toward paying interest for each of the first six payments? Assume this is a 10-year loan with monthly payments.
Wednesday, March 12, 2014 at 11:34am

Finance
Wanstead Engineering Case 9 The annual bonus for senior managers at Wanstead Engineering was first agreed in 1998. Since then the company has seen no need to make any changes to the way in which the bonus is calculated. Both shareholders and managers agree the bonus is ...
Wednesday, March 12, 2014 at 12:47am

Finance
a
Tuesday, March 11, 2014 at 2:42pm

Personal Finance
The maximum tax rate on estates and gifts: A. is gradually declining. B. is gradually increasing. D. has increased sharply
Monday, March 10, 2014 at 10:42pm

FInance
Most corporations pay quarterly dividends on their common stock rather than annual dividends. Barring any unusual circumstances during the year, the board raises, lowers, or maintains the current dividend once a year and then pays this dividend out in equal quarterly ...
Monday, March 10, 2014 at 7:26pm

Finance
Sully Corp. currently has an EPS of $2.35, and the benchmark PE ratio for the company is 21. Earnings are expected to grow at 7 percent per year. Requirement 1: What is your estimate of the current stock price? (Do not round intermediate calculations. Stock price $ ...
Monday, March 10, 2014 at 7:24pm

Finance
.11*68 = 7.48 7.48 - 3.85 = 3.63 expected increase in price 3.63 = x (68) x = .0533 or 5.3%
Monday, March 10, 2014 at 7:06pm

Finance
The stock price of Webber Co. is $68. Investors require an 11 percent rate of return on similar stocks. Required: If the company plans to pay a dividend of $3.85 next year, what growth rate is expected for the company’s stock price?
Monday, March 10, 2014 at 6:46pm

Finance
how much should be paid for a bond with a coupon rate of 3.8% a yield to maturity of 6.2% and it wil mature in 7 years
Monday, March 10, 2014 at 1:26pm

Math 12
Ray owns a gym and he needs equipment for a new workout class. He has two different options: 1. Lease equipment for $1100 per month 2. Purchase new equipment for $24000 which he will finance with a bank loan that charges an interest rate of 7.1%, compounded monthly. He will ...
Sunday, March 9, 2014 at 4:26am

Math 12
Melinda and Milan both need a place to live. Melinda has decided to rent a house for $1200 per month. Milan has decided to buy a house for $210000 which he will finance with a 18 year mortgage at 3.9%, compounded semi-annually. Milan must make a down payment of $17000 and he ...
Sunday, March 9, 2014 at 4:23am

Math 12
Danielle is buying a house that costs $275000. She will finance the purchase with a 25 yr mortgage with an interest rate of 2.9%, compounded semi-annually. She must make a down payment of 15% of the purchase price. a) How much will each payment be? b) How much interest will ...
Sunday, March 9, 2014 at 4:19am

Coporate Finance
13
Thursday, March 6, 2014 at 6:13pm

Coporate Finance
13
Thursday, March 6, 2014 at 6:12pm

Finance
Cindy has an income of 56,000 in year 0. Calculate her income in year 1 if she wants to consume 40,000 in year 0 and 27,000 in year 1. Assume that the interest rate is 1.5 % per year.
Thursday, March 6, 2014 at 5:19pm

Finance
D
Thursday, March 6, 2014 at 4:52pm

finance
The Corner Grocer has a 7-year, 6 percent annual coupon bond outstanding with a $1,000 par value. The bond has a yield to maturity of 5.5 percent. Which one of the following statements is correct if the market yield suddenly increases to 6.5 percent? The bond price will ...
Wednesday, March 5, 2014 at 9:08pm

finance
That is beyond my pay grade Carol. You need a financial software package. Google "yield to maturity" The semiannually confuses the issue but I am not sure it matters much and perhaps you can use the 6% You have to assume you reinvest the interest. You have to figure ...
Wednesday, March 5, 2014 at 8:56pm

finance
he bonds issued by Stainless Tubs bear a 6 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $989. What is the yield to maturity?
Wednesday, March 5, 2014 at 8:34pm

finance
the corner grocer has a 7-year, 6 percent annual coupon bond outstanding with a $1,000 par value. the bond has a yield to maturity of 5.5 percent. Which one of the following statements is correct if the market yield suddenly increases to 6.5 percent? The bond price will ...
Wednesday, March 5, 2014 at 8:33pm

finance
the corner grocer has a 7-year, 6 percent annual coupon bond outstanding with a $1,000 par value. the bond has a yield to maturity of 5.5 percent. Which one of the following statements is correct if the market yield suddenly increases to 6.5 percent? The bond price will ...
Wednesday, March 5, 2014 at 7:39pm

finance
he bonds issued by Stainless Tubs bear a 6 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $989. What is the yield to maturity?
Wednesday, March 5, 2014 at 7:07pm

finance
I forgot to mention that the 30 year pays more per year than the 10 year because in the 30 years inflation may make the income worth much less.
Wednesday, March 5, 2014 at 2:19pm

finance
Of course as you can see, wealthy people often do not spell well.
Wednesday, March 5, 2014 at 2:13pm

finance
Well, one of the characteristics of the market is that some people will buy each of them depending on what their priorities are. A retiree with wishes for a very safe income stream might choose the 30 year treasury. A young person who is willing to take a risk for higher ...
Wednesday, March 5, 2014 at 2:12pm

finance
Help me choose one pair of bonds and decide which of the two to purchase with an explanation as to why.
Wednesday, March 5, 2014 at 2:11pm

finance
I need to choose one pair of bonds and identify which of the two I would purchase and why.
Wednesday, March 5, 2014 at 2:07pm

finance
yearly income versus safety versus inflation. Why do you think Greece is paying 5 times as much as France? Why do you think a 30 year bond pays more per year than a ten year bond from the same treasury ?(usually) Why do you think an inflation indexed bond might pay negative ...
Wednesday, March 5, 2014 at 2:01pm

finance
How would you like us to help you with this assignment?
Wednesday, March 5, 2014 at 1:56pm

finance
Below are three different pairs of bonds and their recent yields. Pick one pair and initiate a thread in the forum where 1) using the textbook plus other reference material you will explain the primary factors that contribute to making the yields of the two bonds differ. While...
Wednesday, March 5, 2014 at 1:50pm

Personal Finance
Obviously, we have no idea about your expenses. Be sure you understand the word "discretionary."
Wednesday, March 5, 2014 at 12:12pm

Personal Finance
I have two questions. 1. Describe at least two non-discretionary expenses that you expect to have at some point in your life. 2. Describe at least two discretionary expenses that you expect to have at some point in your life. help please
Wednesday, March 5, 2014 at 11:22am

banking
Suppose you borrow $5,000 and make 12 equal payments to retire the debt. If the finance charge for the loan is $400, what will the amount of each monthly payment be?
Monday, March 3, 2014 at 5:49pm

Finance
d
Friday, February 28, 2014 at 2:30pm

Finance
PV = 235 (1 - 1.006458333..^-48)/.006458333 = $ 9672.48
Tuesday, February 25, 2014 at 11:47pm

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