Financial Planning and Strategies – Group Project Objective of the document The report comprises financial advice for Gwen and Fred. You both are 26 and 25 years of age respectively‚ currently working and enjoy good health. You have sought my advice with an intention of protecting your financial future with an express view of secure financial situation during your retirement. An analysis of your current financial situation is undertaken and based on the information you have provided‚ advice
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Page 1 of 6 SECTION A : ANSWER ALL QUESTIONS ( 5 MARKS EACH ) 1.1 A discount store sold plastic cups for $0.35 each and plastic plates for $0.40 each. If 200 plastic cups and plates were sold for a total of $76‚ how many cups and plates were sold? 1.2 Find the exact interest on a loan of $2000 at 11% annually. The loan was made on February 15 and was due on 25 August in a non-leap year. 1.3 A sofa set was purchased with $500 down payment and 24 payments of $125. i. ii. Find the
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Integrated Case 5-42 First National Bank Time Value of Money Analysis You have applied for a job with a local bank. As part of its evaluation process‚ you must take an examination on time value of money analysis covering the following questions. A. Draw time lines for (1) a $100 lump sum cash flow at the end of Year 2‚ (2) an ordinary annuity of $100 per year for 3 years‚ and (3) an uneven cash flow stream of -$50‚ $100‚ $75‚ and $50 at the end of Years 0 through 3. ANSWER: [Show
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ANALYSIS FOR FINANCIAL MANAGEMENT 10TH Edition Robert C. Higgins Additional Problems Chapter 7 – Discounted Cash Flow Techniques page 247 A brief tutorial on Excel financial functions (problems to follow) You may find the following Excel‚ built-in financial functions helpful when analyzing the problems below. (To access these functions‚ select Insert‚ Functions‚ and choose Financial.) =PV(rate‚ nper‚ pmt‚ fv‚ type) returns the present value of a series of cash flows
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solutions are not permitted. Text programmable calculators may be used in the exam but must have their memory cleared before entering the exam room. Failure to do so and/or the use of any programmed information during the exam will be regarded as cheating and will be dealt with according to the University rules governing academic misconduct Type of Exam Special Instructions • • • • • Do not use red ink or pencil in your answers. Set your calculator to 4 decimal places or more for all calculations
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Plan 4: C * Annuity Compounding Factor (6%‚17) = 3‚000‚000 C * 28.21 = 3‚000‚000 C = $106‚334.41 Plan 5: C * Annuity Compounding Factor (6%‚8) = 3‚000‚000 C * 9.90= 3‚000‚000 C = $303‚107.83 2. You have just taken out a mortgage for $575‚000‚ at a fixed rate of 4.75% per year‚ compounded monthly‚ and a term of 30 years. a) Calculate the monthly payments The payments must discount to a value that is equivalent to $575‚000 today‚ assuming a monthly rate of (4
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obtain a job. College students have become a target for banks because students have few financial ties. Banks compete against each other to provide students with credit cards in hope that the student will use the bank later in life for a car loan or mortgage loan. Many students find themselves in high debt because of credit cards they obtain in college because they do not know how to properly use them. Students think of their credit card as money to buy whatever they want. Students should use their credit
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References: Fully detailed and explained mortgage calculator - Mtl Solutions. (n.d.). Montreal web design and website marketing: Php - Mtl Solutions. Retrieved October 3‚ 2015‚ from http://www.mtlsolutions.com/mortgage-calculator.php Kapoor. (2012). Personal Finance (10th ed). McGraw-Hill Learning Solutions. Retrieved from http://devry.vitalsource.com/books/0077652991/S1/0 REALTOR
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are 6 questions. Attempt all questions. Show all workings. Write answers in the spaces provided. Illegible handwriting risks loss of marks. Materials Allowed: No dictionaries are permitted. A non-programmable calculator (no text retrieval capacity) is permitted. Financial calculators may be used. Mobile telephones must be turned off and left at the front of the room. Question: Out of: Mark: 1 A 60 1 6 2 12 3 8 4 12 5 13 6 9 Total 120 PART A (60 Marks) There are
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showing the logical relationships between them. Constructing flowcharts promotes better understanding of processes‚ and better understanding of processes is a pre-requisite for improvement. (Laboratory Manual) A flowchart is a diagram that represents a process or algorithm. The steps are represented by a series of boxes or other specialized symbols‚ then connected with arrows. (https://www.lucidchart.com/pages/what-is-a-flowchart-tutorial) A flow chart is a visual representation
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