Find the lump sum deposit which will give $9,430 in 10 years in an account paying 1.24% compounded monthly.

/in /by

Find the lump sum deposit which will give $9,430 in 10 years in an
account paying 1.24% compounded monthly.

You might also like
Financial accounting = Economic truth + error + manipulation. Explain
You are given the following schedule for the production of pens by a firm Labor Total Product 0 0 1 20 2 50 3 70 4 80 5 85 6 82 If pen sells for Rs 3 per unit and workers can be hired in a competitive labor market for Rs30 per day, how many workers should be hired? Explain your answers clearly.
Michael is updating his estate plan for himself and his family. He would like to provide an income of $ 3000 every month starting 101 2 years from now and continuing for the next 20 years. He has started his account with an initial deposit of $ 10,000 and he knows his life insurance, maturing in five years, will have a cash value of $ 150,000. To make up the difference , Michael has decided to make monthly deposits in the account. How much should each deposit be if all interest is computed at 6 percent compounded monthly ?
Year Cash inflow (R) 3 45 000 6 90 000 9 115 000 The applicable interest rate is 11,59% per year. The present value of the cash outflows is R95 000 The MIRR is [1] 21,25%. [2] 31,90%. [3] 38,06%. [4] 41,91%. [5] 14,72%
If the NPV (Net Present Value) of a shop is R195 000 and the profitability index is 1,24375, the initial investment in the shop is [1] R86 908. [2] R800 000. [3] R195 000. [4] R156 784. [5] none of the above.
Suppose John have R1 800 to spend on two goods: shoes, and shirts and that the price of a pair of shoes is R120 and the price of shirt is R100. (i). Given total income and prices of two goods, how many pairs of shoes will John obtain if he decides to use all of his income on shoes and how many units of shirts will he afford if he decides to buy shirts only?What will happen to John’s budget line if the price of shoes (measured on horizontal axis rise from R120 to R180? Explain by stating numerical figures.
Given the cost function: C = 1000 + 10Q1/2 + Q + 2Q 2 , derive the average and marginal cost functions. At 5 units of output, what are the average and marginal costs.
You are at the midpoint of a project and have used only 30% of your budget. Does this mean that you will be under budget at the end of the project?