Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Financial Management Expert

Please submit vow full Excel spreadsheet with final answers highlighted. Prover formatting's  also expected.

An investment firms offers Its customers a 30-year savings plan in an IRA account with the following terms:

• 7% interest for the first five years, 9% interest for the next 15 years, and 6% interest for the final ten years.

• The deposits in the plan are annual with the first deposit scheduled a year from today.

• The annual deposits are a fixed amount during the 30-year period.

• The balance of the account will be paid in full at the end of the 30-year plan.

Question I: If an investor saves $24,000 per year, what is the balance at the end of the 30-year plan?

Question 2: What is the value of the annual fixed deposit needed to secure $2,000,000 30 years finm now?

Question 3: Provide a 12 year mortgage amortization table of a $300,000 loan with an annual percentage rate of 3.875%. Also provide a graph illustration of this amortization table.

Question 4: Kate celebrates her 5 years birthday today. Her parents want to save for 4 years of her college expense, starting at age 18.

In other words, ember birthdays 18, 19, 20, 21, they plan to take out $30,000 to pay for the college tuition.

How much money her parents have to save each year on her birthday of age 5,6,7, ......to 17.

Assume the investment return is 5% per year. Also provide an education saving sinking fund chart.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92775694

Have any Question?


Related Questions in Financial Management

In the link below you will explore how companies compute

In the link below, you will explore how companies compute their cost of capital by computing a weighted average of the three major components of capital: debt, preferred stock, and common equity. The firm's cost of capit ...

Assignment1 a chemical company manufactures three chemicals

Assignment 1. A chemical company manufactures three chemicals: A, B, and C. These chemicals are produced via two production processes: 1 and 2. Running process 1 for an hour costs $400 and yields 300 units of A, 100 unit ...

Assignmentthe purpose of this assignment is to allow you

Assignment The purpose of this assignment is to allow you the chance to evaluate the role of social responsibility in society. After you complete this assignment, you will analyze a written article, be able to ascertain ...

You will be conducting an interview with a market research

You will be conducting an interview with a market research professional or a company representative. Use the results of your research to make specific recommendations on how market research can be applied to the Marketpl ...

Topics to choose frombullfailure of the Topics to choose from • Failure of the

Topics to choose from • Failure of the Originate-to-Distribute Model and the Financial Crisis of 2007-8 • Monoline Insurers and the Subprime Financial Crisis and Problems with Rating Agencies • The Liquidity Crisis and t ...

Rsearch paper issue identificationidentify your issue

Research Paper : Issue Identification Identify your issue: Clearly define the issue(s) and or crisis the company is facing. Identify the "triggering event:" This is a recent occurrence (or series of occurrences) that bro ...

Lets end the capstone course with the followingthroughout

Let's end the capstone course with the following: Throughout the course, we've applied the Four Frames to the University of Missouri (A) case. Recognizing that all four frames are useful as a lens for evaluating organiza ...

Assignment objectives amp requirements1 to create a new

Assignment Objectives & Requirements: 1. To create a new E-commerce business, which is located in the Kingdom of Saudi Arabia, which include the followings: a. Introduction about your business. b. Product and type of ser ...

When looking at the life of a project plan it is useful to

When looking at the life of a project plan, it is useful to graph and outline the cost variance (CV), and schedule variance (SV). Determining progress, or lack of progress, provides essential information to assess a give ...

Please respond to the followinga justify whether the

Please respond to the following: a) Justify whether the standard deviation or covariance is the most significant measurement when adding a risky asset to an already highly risky portfolio. Provide support for your justif ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As