Annuities and Sinking Funds Related Questions

 Annuities and Sinking Funds Related Questions for $4 OnlyAnnuities and Sinking Funds Related Questions

1. $111,834 is the amount of an ordinary ammunity of $6,000 for 4 years at 8% compounded quarterly.
True
False

2. The monthly payment of rent is an example of a renter’s annuity.
True
False

3. A contingent annuity has a specific number of payment periods. (Points: 2)
True
False

4. An annuity with payments made at the end of each period is called an ordinary annuity.
True
False

5. With an annuity due no interest is paid in the first period.
True
False

6. The amount of an $8,000.00, 10%, 5 year ordinary annuity compounded semiannually is $100,624.
True
False

7. The amount of interest on an ordinary annuity of $11,600.00 for 5 years at 8% compounded semiannually is $32,269.00.
True
False

8. The maturity value of a transaction is equal to the principal plus the rate.
True
False

9. The deposits or payments are made at the end of the period in ordinary annuities.
True
False

10. John owns five health food stores in the Columbia area, and they are realizing a good profit.  John decides to invest a portion of the profits in an annuity offered by Penn Life Insurance.  Penn Life will guarantee John 8% interest compounded quarterly for the first 5 years, as long as he deposits $10,000.00 every quarter of the term of the guaranteed rate.  Assuming John fulfills the obligations of the investment, what will be the value of the investment at the end of the 5 year term?
$261,832.74
$245,446.58
$242,970.00
$255,446.40
none of the above

11. The sum of the payments of an annuity plus the interest is called the:
economic sum
amount of the annuity
financial total
payoff amount
none of the above

12. An annuity without a specific number of payment periods is termed a(n):
non-standard annuity
annual annuity
annuity certain
contingent annuity
none of the above

13. Nancy plays drums in a dance band on weekends in addition to her full-time job at the local junior college.  Nancy decided on her 35th birthday to establish her own retirement savings account by investing $2,400.00 of her weekend earnings every six months into an ordinary annuity paying 12% interest compounded semiannually.  If Nancy makes these regular deposits until her 65th birthday, how much will this retirement account be worth?
$1,297,503.10
$1,281,903.10
$1,297,503.01
$1,279,507.20
none of the above

14. Derek established his own retirement account ten years ago.  He has discovered that he can obtain a better rate for the next 10 years at 12% interest compounded semiannually.  Consequently, Derek established a new ordinary annuity account (beginning amount $0.00) and he will contribute $7,000.00 semiannually into the account for the next 10 years.  What will be the value of this account at the end of the 10 year period?
$244,707.61
$83,652.59
$264,501.86
$257,502.00
none of the above

15. The amount of interest on an ordinary annuity of $11,600.00 for 5 years at 8% compounded semiannually is:
$139,269.60
$23,296.60
$116,000.00
$23,269.60
None of the above

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Finance Question II

Finance Question II

The real estate agent tells the Bergholts that if they don’t care to purchase, they might consider renting. The rental option would cost $1,400/month plus utilities estimated at $220 and renter’s insurance of $25/month. The Bergholts believe that neither of them is likely to be transferred to another location within the next five years. After that, Dan perceives that he might move out of government service into the private sector. Assuming they remain in the same place for the next five years, the Bergholts would like to know if it is better to buy or rent the home. They expect that the price of housing and rents will rise at an annual rate of 3% over the next five years. They expect to earn an annual rate of 5% on the money market fund. All other prices, including utilities, maintenance, and taxes are expected to increase at a 3% annual rate. After federal, state, and local taxes, they get to keep only 55% of a marginal dollar of earnings.

  1. Estimate whether it is financially more attractive for the Bergholts to rent or to purchase the home over a five-year holding period. (Assuming the contract interest rate of 8%, monthly interest payments over the five-year period would total $87,574.)
  2. Suppose it turns out that they have to relocate after one year. Which is the preferred alternative after one year? (Interest payments over the first year would equal $17,852.)

Show all work for each assignment and explain each step carefully.

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Insurance company analysis: National Security Group NSEC

Insurance company analysis: National Security Group NSEC in $42 only

National security Group

Symbol (NSEC)

CASE STUDY 2 INSTRUCTIONS

The following articulates the overall basic procedure and presentation details for all three cases for the semester; each case will be laid out the same way.

PURPOSE

The purpose behind these studies is: (1) help you develop a strong awareness of the financial structure of depository financial institutions, insurance companies, and investment banks and investment companies, respectively; (2) further your financial analysis skills; and (3) broaden your understanding of the risks and strengths inherent in the important financial institutions in the United States.

Learning Team Assignment: Synopsis of Tort Cases Paper (BUS/415)

Learning Team Assignment: Synopsis of Tort Cases Paper  (BUS/415)

(SCENARIO #2 ONLY)

Write a 350-word synopsis for each scenario in which you answer the following statements:

  • What tort actions do you see
  • The identity of potential plaintiffs
  • The identity of potential defendants and why you see each one as a defendant
  • The elements of the tort claim that constitute the plaintiff’s claim
  • Any defenses you think defendants might assert
  • How you think the claim will be resolved, stating legal reasons for your answer

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