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BFA503 Introduction To Financial Management

tag 0 Download 5 Pages / 1,175 Words tag 17-06-2021
  • Course Code: BFA503
  • University: University Of Tasmania
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  • Country: Australia

Questions:

1. Roger has invented a new household device that would earn him $10,000 per annum for the next 10 years. Given an interest rate of 8% per year, would Roger be willing to sell his invention today for $100,000?
 
2. Debra wins $200,000 in a lottery. She takes only $20,000 in cash and invests the balance at a rate of interest of 10% pa with the understanding that she will receive 160 equal monthly payments with the first one to be made in 2 years. Find the size of the payments.
 
3. An investment firm A pays 10% interest per annum, compounded on a quarterly basis. To remain competitive, the investment manager of another firm (firm B) is willing to match the interest rate offered by firm A, but interest will be compounded on a monthly basis. What nominal rate of interest must firm B offer to its clients?
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