2024 - Question 1 5 Points One Plan To Raise Money For Texas Schools Involves An Enrichment Tax

Economics – 2024

Question 1 (5 points)

Question 1 Unsaved

One plan to raise money for Texas schools involves an “enrichment tax” that could collect $56 for every student in a certain school district. If there are 50,000 students in the district and the cash flow begins 2 years from now, what is the present worth of the enrichment plan over a 5-year planning period at an interest rate of 8% per year?

Question 2 (5 points)

Question 2 Unsaved

How much money would you have to pay each year in 8 equal payments, starting 2 years from today, to repay a $20,000 loan received from a relative today, if the interest rate is 8% per year?

Question 3 (5 points)

Question 3 Unsaved

An industrial engineer is planning for his early retirement 25 years from now. He believes he can comfortably set aside $10,000 each year starting now. If he plans to start withdrawing money 1 year after he makes his last deposit (i.e., year 26), what uniform amount could he withdraw each year for 30 years, if the account earns interest at a rate of 8% per year?

Question 4 (5 points)

Question 4 Unsaved

Lifetime savings accounts, known as LSAs, would allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests $10,000 now and $10,000 each year for the next 20 years, how much will be in the account immediately after the last deposit if the account grows by 15% per year?

Question 5 (5 points)

Question 5 Unsaved

By spending $10,000 now and $25,000 three years from now, a plating company can increase its income in years 4 through 10. At an interest rate of 12% per year, how much extra income per year would be needed in years 4 through 10 to recover the investment?

Question 6 (5 points)

Question 6 Unsaved

Compute the present worth (year 0) of the following cash flows at i = 12% per year.

Year	Amount, $	Year	Amount, $
0	5000	8	700
1–5	1000	9	600
6	900	10	500
7	800	11	400

Question 7 (5 points)

Question 7 Unsaved

When a uniform series begins at a time other than the end of period 1, it is called a ________ series.

Question 8 (5 points)

Question 8 Unsaved

The present worth is always located __________ prior to the first uniform-series amount when using the P/A factor.

Question 9 (5 points)

Question 9 Unsaved

For an interest rate of 10% per year compounded quarterly, determine the number of times interest would be compounded

(a) per quarter,

(b) per year, and

Question 10 (5 points)

Question 10 Unsaved

An interest rate of 16% per year, compounded quarterly, is equivalent to what effective interest rate per year?

Question 11 (5 points)

Question 11 Unsaved

What effective interest rate per year is equivalent to an effective 18% per year, compounded semiannually?

Question 12 (5 points)

Question 12 Unsaved

Determine the P/G factor for 5 years at an effective interest rate of 6% per year, compounded semiannually.

Question 13 (5 points)

Question 13 Unsaved

A present sum of $5000 at an interest rate of 8% per year, compounded semiannually, is equivalent to how much money 8 years ago?

Question 14 (5 points)

Question 14 Unsaved

A 40-day strike at Boeing resulted in 50 fewer deliveries of commercial jetliners at the end of the first quarter of 2000. At a cost of $20 million per plane, what was the equivalent end-of-year cost of the strike (i.e., end of fourth quarter) at an interest rate of 18% per year, compounded monthly?

Question 15 (5 points)

Question 15 Unsaved

An engineer deposits $300 per month into a savings account that pays interest at a rate of 6% per year, compounded semiannually. How much will be in the account at the end of 15 years? Assume no interperiod compounding.

5 years ago
04.03.2017
20

Report Issue

Answer(1)

kittenj

4.2 (21)

(Not rated)

Chat

Purchase the answer to view it

NOT RATED

economics.docx

5 years ago

Bids(1)

kittenj

other Questions(10)

Need assignment writing services that are 100% risk-free. Our writers are capable of providing the best assignment help to students in globally at best rates.

Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...

#write essay #research paper

2024 – Question 1 5 points One plan to raise money for Texas schools involves an enrichment tax

Question 1 (5 points)

Question 2 (5 points)

Question 3 (5 points)

Question 4 (5 points)

Question 5 (5 points)

Question 6 (5 points)

Question 7 (5 points)

Question 8 (5 points)

Question 9 (5 points)

Question 10 (5 points)

Question 11 (5 points)

Question 12 (5 points)

Question 13 (5 points)

Question 14 (5 points)

Question 15 (5 points)

ASSIGNMENT ONLINE

Contact Us

Opening Hours

Question 1 (5 points)

Question 2 (5 points)

Question 3 (5 points)

Question 4 (5 points)

Question 5 (5 points)

Question 6 (5 points)

Question 7 (5 points)

Question 8 (5 points)

Question 9 (5 points)

Question 10 (5 points)

Question 11 (5 points)

Question 12 (5 points)

Question 13 (5 points)

Question 14 (5 points)

Question 15 (5 points)

You might also like

ASSIGNMENT ONLINE

Contact Us

Opening Hours