1 develop the timeline linear representation of the timing, Ask an Expert

Finance

1. Develop the timeline (linear representation of the timing of cash flows)

2. Identify the time value of money variable (PV, FV, PMT, N or Rate) which needs to be calculated in the question.

3. Identify the values of the remaining four variables (PV, FV, PMT, N or Rate) from the question. Be sure to input positive or negative signs.

4. Calculate the correct value of the variable identified in step (2).

1. Your company has received a $50,000 loan from an industrial finance company. The annual payments are $6,202.70. If the company is paying 9 percent interest per year, how many loan payments must the company make (round to nearest $1)?

2. You are ready to retire. A glance at your 401(k) statement indicates that you have $750,000. If the funds remain in an account earning 9.0%, how much could you withdraw at the beginning of each year for the next 25 years (round to nearest $1)?

3. If you wish to accumulate $200,000 in the child's college fund after 18 years, and can invest at a 7.5% annual rate, how much must you invest at the end of each year if the first deposit is made at the end of the first year (round to nearest $1)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92659647

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