Question

3.) Recommend three financial goals and related activates for someone in each of the following circumstances:

A.)A junior in college
B.)A 30 year old computer programmer who plans to earn an MBA degree.
C.)A couple in their 30’s with two children ages 3 and 6
D.)A divorced 42 year old man with a 16 year old child and a 72 year old father who is ill.


5.)Assume that you graduated from college with a major in marketing and took a job with a large consumer products company. After three years you are laid off when the company downsizes. Describe the steps you’d take to repackage yourself for another field.


8.) Use future or present value techniques to solve the following problems.

a.)starting with $ 15,000 ,how much will you have in 10 years if you can earn 6 percent on your money.If you can earn only 4 percent?

b.)If you inherited $ 45,000 today and invested all of it in a security that paid a 7 percent rate of return how much would you have in 25 years?

c.)If the average new home costs $ 275,000 today how much will it cost in 10 years If the price increases by 5 percent each year?

d.)You think that in 15 years, it will cost $ 212,000 to provide your child with a 4 year college education. Will you have enough if you take $ 70,000 today and invest it for the next 15 years at 5 percent? If you start from scratch, how much will you have to save each year to have $ 212,000 in 15 years if you can earn 4 percent rate of return on your investment?


9.) Over the past several years, Gwen Fong has been able to save regularly .As a result she has $ 54,188 in savings and investments today. She wants to establish her own business in five years and feels she will need $ 100,000 to do so.

a.)is she can earn 4 percent on her money, how much will her $ 54,188 in savings/investments be worth in five years? Will Gwen have the $ 100,000she needs? If not how much money will she need?

b.)Given your answer to part a how much will Gwen have to save each year over the next five years to accumulate the additional money? Assume that she can earn interest at a rate of 4 percent.

c.) If Gwen can afford to save only $ 4,000 a year then given your answer to part a will she have the $ 100,000 she needs to start her own business in five years?

Solution Preview

This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.

Finance Questions

This is only a preview of the solution. Please use the purchase button to see the entire solution

$45.00

or $1 if you
register a new account!

Related Homework Solutions

Finance Questions: Investments
Homework Solution
$10.00
Business
Accounting
Financial Mathematics
Economics
Investments
Standard Deviation
Average Return
Mean
Normal Distribution
Curves
Graphs
Percentages
Finance Questions
Homework Solution
$58.00
Business
Finance
Forecasting
Exchange Rates
Costs
Hedging
Transaction
Economic
Exposure
Corporation
Cash Flow
Currency
Netting
Locational
Triangular
Arbitrage
Bid
Rate
Finance Questions
Homework Solution
$43.00
Business
Finance
Time
Value
Money
Cost
Payment
Variable
Compounding
Future Contract and Stock Option Explanation
Homework Solution
$33.00
Business
Finance
Economics
Contracts
Stocks
Cash
Strike Prices
Profit
Loss
Risk
Textile Importers
Companies
Call Option
Put Option
Business Questions
Homework Solution
$25.00
Accounting
Business
Financial Management
Economics
Stock Market
Prices
Payments
Companies
Facebook
Twitter
Starbucks
Shareholders
Cash
Bonds
Dividends
Finance Questions
Homework Solution
$20.00
Business
Finance
Hedge
FE
Exposure
Loss
Translation
Circumstances
Get help from a qualified tutor
Live Chats