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 46 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

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Observable Universe Before and After Inflation Observable Universe Before and After Inflation
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
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 ...
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Father’s Day kid drawing kindergarten Father’s Day kid drawing kindergarten
Video: What is an ecosystem?

For a complete list of videos, visit our video library