Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

These finance courses are new to me and I am not good at math. Can someone please help me solve these two problems by inputting this into my HP 10bII calculator. I just don't know how to solve problems using a financial calculator. Thanks in advance.

Question 1:
Elegant designers have generated sales of $625,000 for the current year. If they can grow their sales at a rate of 12% every year, how long will they take to triple their sales?

Question 2:
You plan to buy a new car. The price is $30,000 and you will make a down payment of $4,000. Your annual interest rate is 10% an you intend to pay for the car over five years. What will be your monthly payment?

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M9875406

Have any Question?


Related Questions in Basic Finance

For the year just concluded free cash flow to equity fcfe

For the year just concluded, Free Cash Flow to Equity (FCFE) is 100 million. FCFE grows at 10% annually for the next three years, and then is constant (grows at 0%) per year thereafter. The required rate of return on equ ...

Q1 you invest 272 at the beginning of every year and your

Q1. You invest $272 at the beginning of every year and your friend invests $272 at the end of every year. If you both earn an annual rate of return of 14.00%. a) how much will you have in your account after 40 years? b) ...

Questions -q1 openseas inc is evaluating the purchase of a

Questions - Q1. OpenSeas, Inc. is evaluating the purchase of a new cruise ship. The ship could cost $499 million, but would operate for 2020 years. OpenSeas expects annual cash flows from operating the ship to be $ 68.7 ...

An all-equiry business has 175m shares outstanding selling

An all-equiry business has 175M shares outstanding selling for $20/share. Management believes interest rates are unreasonably low and decides to execute a leveraged recapitalization. It will raise $1B in debt and repurch ...

Questions -q1 cj co stock has a beta of 09 the current

Questions - Q1: CJ Co stock has a beta of 0.9, the current risk-free rate is 5.6, and the expected return on the market is 13 percent. What is CJ Co's cost of equity? Q2: TAB Inc. has a $100 million (face value), 10-year ...

Certain financial ratios for elizabeth arden for its most

Certain financial ratios for Elizabeth Arden for its most recent year below, along with the average ratios for its industry. Based on those ratio a. Does Arden seem to prefer to finance its assets with debt or with equit ...

An equally weighted portfolio consists of 64 assets which

An equally weighted portfolio consists of 64 assets which all have a standard deviation of 0.276. The average covariance between the assets is 0.106. Compute the standard deviation of this portfolio. Please enter your an ...

What is the difference between earnings per share and pe

What is the difference between Earnings per Share and P/E ratio? What do they measure?

Market-value ratios garret industries has a priceearnings

(?Market-value ratios?) Garret Industries has a? price/earnings ratio of 19.46X a. If? Garret's earnings per share is ?$1.65?, what is the price per share of? Garret's stock? b. Using the price per share you found in par ...

Your portfolio contains 20000 of air canada stock which has

Your portfolio contains? $20,000 of Air Canada? stock, which has a beta of? 1.4, and? $30,000 of WestJet? stock, which has a beta of 1.8. What is the beta of your? portfolio?

  • 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