Business Finance Homework Help
Business Finance Homework Help. Finance question about FV, PV, and tax
– Ben Collins plans to buy a house for $180,000. If the real estate in his area is expected to increase in value by 1 percent each year, what will its approximate value be seven years from now?
– If you desire to have $8,500 for a down payment for a house in four years, what amount would you need to deposit today? Assume that your money will earn 6 percent. |
– Carla Lopez deposits $3,100 a year into her retirement account. If these funds have an average earning of 7 percent over the 40 years until her retirement, what will be the value of her retirement account?
– If a person spends $10 a week on coffee (assume $500 a year), what would be the future value of that amount over 7 years if the funds were deposited in an account earning 3 percent?
– If you borrow $14,000 with a 7 percent interest rate to be repaid in seven equal payments at the end of the next 7 years, what would be the amount of each payment?
– The Fram family has liabilities of $136,000 and a net worth of $346,000. What is the debt ratio?
– Carl Lester has liquid assets of $3,180 and current liabilities of $3,411. What is his current ratio?
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Benjamin Jefferson, a single adult with no dependents, has chosen to itemize deduction and arrived at the following tax information: |
Gross salary | $ | 53,360 | Interest earnings | $ | 210 |
Dividend income | $ | 150 | One personal exemption | $ | 3,700 |
Itemized deductions | $ | 8,400 | Adjustments to income | $ | 1,070 |
What amount would Benjamin report as taxable income?
Business Finance Homework Help