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avanturin [10]
3 years ago
8

Tara invests $2,500 today and another $1,500 a year from now. Her investments starting year 2 keeps increasing by $100 every yea

r for the next 10 years from today. She stops investing from year 11 until year 20. If she earns a rate of return of 7% on her investments, determine future worth of her investments 20 years from now

Business
1 answer:
Neko [114]3 years ago
6 0

Answer:

$61,175

Explanation:

Base on the scenario been described in the question, we expected to solve for the future worth

The table of the cash flow is shows in the picture

We can find that by calculating the Future worth

Future Worth = {2,500 + 1,500(P/A 7%,10) 100 + (P/G 7%,10) } [F/P 7%, 20]

Future worth = { 2,500 + 1500(7.024) + 100(27.716)}

Future worth = $61,175

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Suppose an institution has purchased a $250,000 mortgage loan from the loan originator and wishes to create a mortgage pass-thro
Andre45 [30]

Answer: $1,177

Explanation:

First we calculate the Monthly service fee by the formula,

Monthly servicing fee = Monthly servicing fee rate * Outstanding loan balance,

The service fee is 35 basis points which translates to 0.35 % and is an annual figure so we will adjust it to a monthly one,

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= $72.92

To calculate amount that passes through to the mortgage pass we do,

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= $1,250 - $72.92

= $1,177.08,

= $1,177

$1,177 is the income that will pass through to the investor in the mortgage pass through each month

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Bingel [31]
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3 years ago
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Free_Kalibri [48]

Answer:

Buy a store

Explanation:

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You were probably looking for more detail, but this is the best I can do for now.

7 0
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Answer:

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A limited liability company is best thought of as a cross between a partnership and a:
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