This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Your father now has $1,500,000 invested in an account that pays8.5%. He expects inflation to ... (Read 40 times)

sbegs

  • Full Member
  • ***
  • Posts: 142
on: Aug 7, 2023

Question 1

Your company has just taken out a2-year installment loan for $95,000. The nominal rate is18%, but with equal end-of-month payments. What percentage of the second monthly payment will go toward the repayment of principal?

◦

70.85%


◦

71.00%


◦

72.15%


◦

73.89%



Question 2

Your father now has $1,500,000 invested in an account that pays8.5%. He expects inflation to average2.8%, and he wants to make annual constant dollar (real) end-of-year withdrawals over each of the next25years and end up with a zero balance after the25thyear. How large will his initial withdrawal (and thus constant dollar [real] withdrawals) be?

◦

$108,621.49


◦

$108,527.44


◦

$109,392.08


◦

$109,657.08

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by sbegs on Aug 7, 2023

dadgoere765

  • Full Member
  • ***
  • Posts: 186
Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


sbegs

  • Member
  • Posts: 142
Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Observable Universe Before and After Inflation Observable Universe Before and After Inflation
Joseph Moore and His Family (1839), by Erastus Salisbury Field, reflects the emerging middle-class f Joseph Moore and His Family (1839), by Erastus Salisbury Field, reflects the emerging middle-class f
This photo captures an extreme form of family socialization. The father seems to be more emotionally ... This photo captures an extreme form of family socialization. The father seems to be more emotionally ...
Buildings account for 15% of greenhouse gas emissions Buildings account for 15% of greenhouse gas emissions
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Father’s Day kid drawing kindergarten Father’s Day kid drawing kindergarten
Video: Virtual Tour of the Heart

For a complete list of videos, visit our video library