Question: Dr J wants to buy an IBM personal computer which
Dr. J. wants to buy an IBM personal computer which will cost $1,788 two years from today. He would like to set aside an equal amount at the end of each quarter in order to accumulate the amount needed. He can earn 12% annual return. How much should he set aside?
Answer to relevant QuestionsThe first national bank pays a 4% interest rate compound continuously. The effective annual rate paid by the bank is __________.a. 4.16%b. 4.20%c. 4.08%d. 4.12%The Pay Back Method is preferred by many companies because it is relatively easy to use and incorporates Time Value of Money concepts.Jason has two retirement objectives. He wants to retire in 30 years. After retirement, he wants monthly retirement income of $20,000 per month for 20 years and leaves an inheritance of $1,000,000 for his son. If he can earn ...Explain the difference between diversifiable risk and market risk. marks)What is the value of the bond to you?
Post your question