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Author Question: Your father now has $1,500,000 invested in an account that pays8.5%. He expects inflation to ... (Read 42 times)

sbegs

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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
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Marked as best answer by sbegs on Aug 7, 2023

dadgoere765

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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.
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sbegs

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Reply 2 on: Aug 7, 2023
Excellent

Bigfoot1984

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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