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Author Question: If for the next 40 years you place 3,000 in equal year-end-deposits into an account earning 8 per ... (Read 217 times)

Metfan725

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on: Jul 10, 2018
If for the next 40 years you place 3,000 in equal year-end-deposits into an account earning 8 per year, how much money will be in the account at the end of that time period?
 
  A) 120,000.00
  B) 777,169.56
  C) 839,343.12
  D) 2,606,942.58

Question 2

While Rogue Corporation has been in business for over 50 years, newly developed products
  pushed the firm's year-over-year growth rate to 35 during the latest three years.
 
  The firm is
  proud of its history of paying dividends, but the vigorous recent growth of the firm has left it cash
  challenged. Which of the following policies/procedures would you consider best under the
  circumstances?
  A) Look seriously for a merger partner.
  B) Borrow long-term to pay the current dividend.
  C) Substitute a stock dividend for the current cash dividend.
  D) Enter into a long-term stock repurchase program.


LegendaryAnswers

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Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: B
Explanation: B) FV = PMT  = 3,000  = 777,169.56.
MODE = END
INPUT 40 8 0 -3,000 ?
KEY N I/Y PV PMT FV
CPT 777,169.56

Answer to Question 2

C


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Metfan725

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Reply #2 on: Jul 10, 2018
Thank you :)


LegendaryAnswers

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Reply #3 on: Jul 10, 2018
Happy to help you


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