subject
Business, 28.11.2019 01:31 iancuteodora30

Franklin templeton has just invested $8,860 for his son (age one). this money will be used for his son’s education 18 years from now. he calculates that he will need $57,908 by the time the boy goes to school. what rate of return will mr. templeton need in order to achieve this goal? use appendix b for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (do not round intermediate calculations. round your final answer to 2 decimal places.)

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 17:30, leannhb3162
Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $
Answers: 2
image
Business, 23.06.2019 01:30, zacharysharpe2805
How is systematic decision making related to being financially responsible
Answers: 1
image
Business, 23.06.2019 12:30, tikirawallace
You’ve decided to buy a new computer that costs $1,500. but best buy will let you take the computer home without making paying the full price immediately. rather, best buy will let you pay $500 now, and $500 at the end of each of the next two years. if the interest rate is 5%, how much do you need today to make sure you can make all the payments to best buy?
Answers: 1
image
Business, 23.06.2019 18:00, bobthebattlebot
A. determine the amount of retained earnings as of january 1, 2018. b. after looking at the amount of retained earnings, the chief executive officer (ceo) wants to pay a $1,000 cash dividend to the stockholders. can the company pay this dividend? c. as of january 1, 2018, what percentage of the assets were acquired from creditors? d. as of january 1, 2018, what percentage of the assets were acquired from investors? e. as of january 1, 2018, what percentage of the assets were acquired from retained earnings? f. create an accounting equation using percentages instead of dollar amounts on the right side of the equation. g. during 2018, carter company earned cash revenue of $1,800, paid cash expenses of $1,200, and paid a cash dividend of $500. (hint: it is to record these events under an accounting equation before preparing the statements.) g-1. prepare an income statement dated december 31, 2018. g-2. prepare a statement of changes in stockholders’ equity dated december 31, 2018. g-3. prepare a balance sheet dated december 31, 2018. g-4. prepare a statement of cash flows dated december 31, 2018. j. what is the balance in the revenue account on january 1, 2019?
Answers: 1
You know the right answer?
Franklin templeton has just invested $8,860 for his son (age one). this money will be used for his s...

Questions in other subjects:

Konu
Mathematics, 13.01.2021 07:20
Konu
English, 13.01.2021 07:20