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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
can anyone show work?
You have a lump sum payment of $28,000 due to be paid to you in two years from your investment in a local business. The business has done well and the owner has offered to pay you $25,000 now to fulfill the obligation. Assuming you have a nominal discount rate of 7%, should you accept the offer?
You assessed your farm business operation and feel that you can commit to setting aside $1,000 per year in a retirement savings instrument that pays a 6% annual interest rate compounded monthly. How much money will you have in the account after 5 years? 10 years? 20 years?
You have the opportunity to purchase a property for $250,000. The local bank will finance 60% of your purchase at 6% interest over a 15-year period with payments due annually. What will your payments be? How much interest will be paid and how much principal will be paid after 15 years?
You have the opportunity to invest in a range improvement that you estimate will add 0.02 AUMs per acre per year to your grazing capacity in perpetuity. Assuming a current value of $50 per AUM and 3% interest rate, what is the maximum you can afford to pay for this improvement?
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