Fin 3201
Autor: Teo Wilson • April 1, 2017 • Essay • 2,761 Words (12 Pages) • 532 Views
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BACHELOR OF ACCOUNTANCY (HONS)
FIN 3201
FINANCIAL MANAGEMENT
GROUP ASSIGNMENT (20%)
JANUARY 2017 SESSION
LECTURER: Mrs Ming Yian Rebecca Yew
NAMES | SECTIONS | STUDENT ID |
1. Khoo Chee Yee | 1A1 | I16009831 |
2. Teo Wei Sheng | 1A1 | I16009835 |
3. On Qi Hui | 1A1 | I16009852 |
Contents
Cover page……………………………………………………………………………………………………………….1
Content..…………………………………………………………………………………………………………………..2
Question 1 ……………………………………………………………………………………………………………….3
Question 2………………………………………………………………………………………………………………..6
Reference List….……………………………………………………………………………………………………..10
(Q1)
Present value of general living expenses of $50,000 per year for 50 years:
N=50 PMT=-50,000 I=5 PV=?
PV=$912,796
Present value of general living expenses of $50,000 per year for 50 years is $912,796.
Present value of apartment rental of $16,000 per year for 8 years: (First payment started at end of year 1 and last payment at end of year 8)
N=8 PMT=-16,000 I=5 PV=?
PV=$103,411
Present value of apartment rental of $16,000 per year for 8 years is $103,411.
Present value of the home purchase of $250,000 in 9 years:
N=9 FV=-250,000 I=5 PV= ?
PV= $161,152
Present value of the home purchase of $250,000 in 9 years is $161,152.
Present value of the cost of five automobile purchases of $30,000 in each of years 0, 10, 20, 30, 40 and 50:
N=0 FV=-30,000 I=5 PV=?
PV=$30,000
Present value of the cost of automobile purchase of $30,000 in year 0 is $30,000.
N=10 FV=-30,000 I=5 PV=?
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