Answer:
$841
Explanation:
Let the amount of deposit you need to fund each month is a
n= 30 years = 30 x 12 = 360 months
The amount of money you desire to have in 30 years (FV) = $1,980,000
i/r = 10.19%/year = 0.849%/month
Based on these given information, you can either choose to:
1) Solve the following equation:
a x 1.00849^360 + a x 1.00849 ^359 + a x 1.00849^358 + ... + a x 1.00849^1 + a = $1,980,000
2) Input given information into excel/financial calculator:
n = 360
FV = $1,980,000
i/r = 0.849
PV = 0
Find PMT (a). PMT (a) = $841
Answer:sorry man, don’t know
Explanation:
Answer:
the firm market to book ratio is 1.48
Explanation:
The computation of the market to book ratio is shown below:
The Market values is
= $22 million + $90 million - $50 million
= $
62 million
And, the Book values is
= $22 million + $60 million - $40 million
= $42 million
Now the firm market to book ratio is
= $62 million ÷ $42 million
= 1.48
Hence, the firm market to book ratio is 1.48
