Slide 4.1 Corporate Financial Management‚ 5th edition Glen Arnold Mathematical Tools For Time Value of Money Glen Arnold‚ Corporate Financial Management‚ 5th Edition © Pearson Education Limited 2013 Slide 4.2 Simple Interest and Future Value • Simple interest A sum of £10 is deposited in a bank account that pays 12 per cent per annum. At the end of year 1 the investor has £11.20 in the account. F = P(1 + i) 11.20 = 10(1 + 0.12) where F = Future value‚ P = Present value‚ i
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MONEY LAUNDERING : GLOBAL PROBLEM CASE PRESENTATION AS PART OF LEGAL ASPECTS OF BUSINESS ‚ MBA Money laundering is the process of concealing illicit sources of money or in simple language it is the process of washing dirty money (money earned through illegal activities) to make it appear to be legitimate. Now question arises that who launders the money? No doubt‚ it is always launder by criminals. And who helps the criminals to launders the money is also a money launder. Money laundering is the
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FIN2110 Finance Basics for Managers Fall 2011 Time Value of Money Problems Calculating Future Values Assume you deposit $10‚000 today in an account that pays 6% interest. How much will you have in five years? = $10‚000 (FVIF of 6%‚ 5years) = $10‚000 * 1.3382 = $13‚382 Calculating Present Values Suppose you have just celebrated your 19th birthday. A rich uncle has set up a trust fund for you that will pay you $150‚000 when you turn 30. If the relevant discount
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American Culture: Money! Money! Money! Fast food is probably the most popular form of diet here in America. Because most of the people are busy trying to make money‚ they do not have enough time to spare to prepare a nutritious home-cooked meal. Since life these days is fast-paced‚ people settle for fast food chains located near their work place and house; fast food for breakfast‚ lunch‚ and dinner most days of the week. While reading Eric Schlosser’s best-selling book‚ the Fast Food Nation‚ it
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LEARNING OBJECTIVES 1. Explain the motives for holding money and relate them to the interest rate that could be earned from holding alternative assets‚ such as bonds. 2. Draw a money demand curve and explain how changes in other variables may lead to shifts in the money demand curve. 3. Illustrate and explain the notion of equilibrium in the money market. 4. Use graphs to explain how changes in money demand or money supply are related to changes in the bond market‚ in interest rates‚
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EXAMINATION EXAM CS -SPRING 2010 Page 2 of 4 Question 1 (Compulsory Question) (20 Marks) a) A bank wants to secure an annual effective rate of 7.8% but quotes annual nominal compounded monthly. What should it quote? (2 Marks) b) A bank uses nominal rates compounded monthly of 2.8% on some accounts but quotes a nominal rate compounded daily on others. To get the same equivalent rate‚ what should the second rate be? (2 Marks). c) A property yields a weekly rental and I have set up a weekly
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ASSIGNMENT 1 Time Value of Money: PV & FV for Single Cash Flows 1.- Is this true or false? $100 invested for 10 years at 12% interest is worth more in FV terms than $200 invested for 10 years at 4% interest. (Answer: False) 2.- Megan wants to buy a designer handbag and plans to earn the money babysitting. Suppose the interest rate is 6% and she is willing to wait one year to purchase the bag. How much babysitting money (to the nearest whole dollar) will she need to earn today to buy the bag
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Wall Street: Money Never Sleeps Directed by: Oliver Stone Written by: Allan Loeb and Stephen Schiff (written by)‚ Stanley Weiser & Oliver Stone (characters) Starring: Michael Douglas‚ Shia LaBeouf‚ Josh Brolin‚ Carey Mulligan Oliver Stone’s recent output shows a man desperate to remain topical. Unfortunately‚ World Trade Center is pandering melodrama. While nowhere near the disaster it could’ve been lacked adequate perspective beyond noting we all would’ve been better off if George W. Bush
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Project B: movie response Global Financial Ethics – FIN6620 The movie response that will be covered in this essay will be on the film “Wall Street Money Never Sleeps ”. It was directed by Oliver Stone‚ released during 2010 and is the sequel to the 1987 film “Wall Street”. The film starts with the release from jail of Michael Douglas’ Gordon Gekko before cutting to a rather elaborate plot involving Shia LaBeouf as the young trader with (some) scruples‚ who’s rising in a world that just happens
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Groucho Marx once said "While money can’t buy happiness‚ it certainly lets you choose your own form of misery.” The American Dream of money is the belief that having a lot of money will satisfy the cravings people have for wealth. People strive to accomplish a life filled with money and success because money promises a life of happiness and greatness. The idea of having a large quantity of money is one that has consumed people and altered the dream of hard work and success. Although this dream brings
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