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Finance Assignment Help

1. You wish to accumulate $60,000. You make 14 quarterly deposits into a savings account with an interest rate of 12% per quarter. What is the amount of each deposit?
2. To repay a $400,000 loan you are required to make sixteen equal-sized repayments every six months. If the loan's interest rate is 5% p.a. compounded half- yearly, what is the loan outstanding after the first repayment?
3. Which one of the following is an annuity but NOT a perpetuity?
4. Assume that on 1 January 2015 you deposited $1,000 into a savings account that pays 8% p.a. If the bank compounds interest quarterly, how much will you have in your account on 1 January 2018?
5. A current asset is defined as an asset that:
6. If you purchase 100 Telstra shares on the ASX today, the transaction is most likely occurring
7. Mr Hopper is expected to retire in 25 years and he wishes to accumulate $750,000 in his retirement fund by that time. If the interest rate is 2% per quarter, how much should Mr Hopper put into the retirement fund every three months in order to achieve this goal? [Assume that the payments are made at the end of each quarter]
8. What is the value today of $800 per month forever, with the first $800 payment occurring two months from today. Interest rates are 5% p.a. compounded monthly.
9. You borrow $800 from a payday lending company and pay $40 interest for one month. What is the nominal annual interest rate?
10. What is the value today of $2,000 payments per year, at a discount rate of 3% p.a. if the first payment is received seven years from now and the final payment is received 20 years from now?

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