Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Take this chance to think the subject under conversation and prepare a response which answers all the queries and fully illustrates your understanding of topic. To show your knowledge, take time to give confirmation that illustrates how you prepare the answers by mentioning sources to rationalize your response.

Advertised monthly lending rate of= 0.9% is about= 11% per year. This dissimilarity between the advertised rate and annualized rate is based on finer TVM details which may be overlooked by borrowers. Describe how you may have utilized TVM in latest investment or loan decision and describe some TVM details which may have been concerned in your transaction.

If you haven’t utilized TVM in past financial transactions what practical TVM application would you wait for to meet in future.

Requirements

Max Pages: 1
Other Requirements: 3/4 page to 1 page describeing TVM

2) At the 7th birthday party your daughter she informs you that she wishes to go to Concordia when she grows up. You estimate it will cost you= $30,000 per year for her to be there a four year program. You make a decision to begin putting money into the account which pays 11% annually that are applicable rates for years to come. You will start to make deposits directly on her birthday and continue this practice until her 17th birthday. She starts college (and the first tuition payment is payable) on her 18th birthday. Second is to be paid on her 19th birthday and etc. How large are annual deposits you make to this account?

i) $4,286
ii) $4,758
iii) $5,281
iv) $32,778
v) None of the provided answers is right.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M914047

Have any Question? 


Related Questions in Basic Finance

What are the various ways in which an individual may obtain

What are the various ways in which an individual may obtain the right to go on to the floor of an exchange and trade futures? What are daily price limits, and why are they used? What are circuit breakers? What are their ...

1 modify the eoq formula for the case where the holding

1. Modify the EOQ formula for the case where the holding cost is a concave function of the number of items kept in inventory. 2. Devise an optimal inventory policy for the EOQ model with a finite time horizon TH . 3. Dra ...

Abc corp produces and sells high-end entertainment systems

ABC Corp. produces and sells high-end entertainment systems. Its average selling price is currently $3,200 per system. Based on a review of its projected financial statements, the company's variable costs are $1,200 per ...

The real risk-free rate of interest is 3 percent inflation

The real risk-free rate of interest is 3 percent. Inflation is expected to be 4 percent this coming year, jump to 5 percent next year, and increase to 6 percent the year after (Year 3). According to the expectations theo ...

1 how is a hazard different from a disaster2 what is the

1. How is a hazard different from a disaster? 2. What is the most frequent and widespread disaster-causing hazard? 3. What scale is commonly used to describe the effects of earthquakes? 4. How are earthquakes measured?

G- value company is considering two investments both of

G- Value company is considering two investments, both of which costs $20,000. The firm's cost of capital is 15 percent (%). The cash flows are as follows: YEAR PROJECT A PROJECT B 1 12,000 10,000 2 8,000 6,000 3 6,000 16 ...

In early 2010 newspapers reported that nba superstar kobe

In early 2010, newspapers reported that NBA superstar Kobe Bryant had signed an extension to his existing contract. His salaries in future years under the contract extension would be as follows: For the season ending in ...

You are group treasurer of sun and sand plc a uk package

You are Group Treasurer of Sun and Sand plc, a UK package tour operator offering holidays in many parts of the world but specializing in Morocco, Spain and the United States. Sun and Sand is one of the major operators in ...

1 how do commercial banks obtain their funds what is

1. How do commercial banks obtain their funds? What is financial restructuring advising? The following is an excerpt from the 2009 Annual Report of Bank of America (p. 24): Through our banking and various nonbanking subs ...

There are 6 books in the billy madison seriesa how many

There are 6 books in the Billy Madison series. (a) How many different ways can April arrange the 6 books in her book shelf? (b) April plans on bringing three of the six books with her in a road trip. How many different w ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen