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All accounting questions




Question;First City Bank pays 7;percent simple interest on its savings account balances, whereas Second City;Bank pays 7 percent interest compounded annually.;If you made a $70,000;deposit in each bank, how much more money would you earn from your Second;City Bank account at the end of 9 years?(Do not round intermediate calculations and round your;final answer to 2 decimal places. (e.g., 32.16));Difference in accounts;$;You are planning to;save for retirement over the next 25 years. To do this, you will invest $730;a month in a stock account and $330 a month in a bond account. The return of;the stock account is expected to be 9.3 percent, and the bond account will;pay 5.3 percent. When you retire, you will combine your money into an account;with an 6.3 percent return.;How much can you;withdraw each month from your account assuming a 20-year withdrawal;period?(Do not round;intermediate calculations and round your final answer to 2 decimal places.;(e.g., 32.16));Withdrawal;$ per;month;Mark Weinstein has;been working on an advanced technology in laser eye surgery. His technology;will be available in the near term. He anticipates his first annual cash flow;from the technology to be $182,000 received two years from today. Subsequent;annual cash flows will grow at 4.2 percent in perpetuity.;What is the present;value of the technology if the discount rate is 9 percent?(Do not round intermediate calculations and;round your final answer to 2 decimal places. (e.g., 32.16));Present value;$;What is the present;value of an annuity of $6,200 per year, with the first cash flow received;three years from today and the last one received 25 years from today? Use a;discount rate of 8 percent.(Do not round intermediate calculations and round your final;answer to 2 decimal places. (e.g., 32.16));Present value;$


Paper#43733 | Written in 18-Jul-2015

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