A household savings-account spreadsheet shows the following entries for the first day of each month:MonthJanuaryFebruaryMarchAprilMayJuneJulyAugustAdditions Withdrawals Value148,0002,5004,0001,50013,4603,00023,000198,000Required:Use the Excel function XIRR to calculate the dollar-weighted average return for this period. (Round youranswer to 2 decimal places.)Dollar-weighted averageAnswer is complete but not entirely correct.70.01%

IRR is the internal rate of return at present value of cash inflows is equal to the present value of…

Answered: A household savings-account spreadsheet…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Suppose your MasterCard calculates interest using the average daily balance method, and the monthly interest rate is 1.6%. The itemized billing for the month of August is shown below. Detail Unpaid balance Charge Charge Charge Payment received Last day of billing period Payment due date Date August 1 August 9 August 10 August 18 August 25 August 31 September 7 (a) Find the average daily balance. $ (b) Find the interest due for this month. $ Amount 1085 125 1130 140 995 (c) Find the total balance owed on the last day of the billing period. $ 1,514.97 Or (d) This credit card requires a $15 minimum payment or 1/24 of the amount due, whichever is higher. What is the minimum monthly payment due for this month? $
A household savings-account spreadsheet shows the following entries for the first day of each month in 2019: Date Account January 1 $ (148,000.00) February 1 $ (2,500.00) March 1 $ (4,000.00) April 1 $ (1,500.00) May 1 $ (13,460.00) June 1 $ 23,000.00 July 1 $ (3,000.00) August 1 $ 198,000.00 Required: Use the Excel function XIRR to calculate the dollar-weighted average return for this period.
Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's balance of $130 and the following activity. (Round your answer to the nearest cent.) Date Activity Amount October 3 Cash advance $50.00 October 7 Payment $75.00 October 10 Purchase $28.59 October 16 Credit $20.00 October 25 Purchase $122.60 average daily balance = $ ___
Suppose your MasterCard calculates interest using the average daily balance method, and the monthly interest rate is 1.1%. The itemized billing for the month of August is shown below. Detail Date Amount Unpaid balance August 1 $395 Charge August 9 $1040 Charge August 10 $800 Charge August 18 $1115 Payment received August 25 $710 Last day of billing period August 31 Payment due date September 7 (a) Find the average daily balance. $(b) Find the interest due for this month. $(c) Find the total balance owed on the last day of the billing period. $(d) This credit card requires a $15 minimum payment or 1/24 of the amount due, whichever is higher. What is the minimum monthly payment due for this month? $
Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's balance of $120 and the following activity. (Round your answer to the nearest cent.) Date Activity Amount October 3 Cash advance $50.00 October 7 Payment $75.00 October 10 Purchase $26.59 October 16 Credit $10.00 October 25 Purchase $122.60
compute number of days sales in receivables round your calculation and answer assume 365 days ina year
Calculate the average daily balance (in $) for October for a revolving credit account with a previous month's balance of $110 and the following activity. (Round your answer to the nearest cent.)
Suppose your MasterCard calculates interest using the average daily balance method, and the monthly interest rate is 1.9%. The itemized billing for the month of August is shown below The average daily balance has already been computed and is $2739.52. (a) Find the interest due for this month. $ (b) Find the total balance owed on the last day of the billing period. $ (c) This credit card requires a $15 minimum payment or 1/24 of the amount due, whichever is higher. What is the minimum monthly payment due for this month? $
The following is a partial balance table for a simple interest account that deposits the interest every year in the image. Find B(18). Round your answer to the nearest penny. Do not input the dollar sign. Input just the number. For example: 1524.32
The table below shows the expenses and payments for 8 months on a credit card account with an initial balance of $400. Assume that the interest rate is 1.0% per month (12% APR) and that interest for a given month is charged on the balance for the previous month. Complete the table. After 8 months, what is the balance on the credit card? E Click the icon to view the table of expenses and payments. Complete the table below. (Round to the nearest cent as needed.) Month | Payment | Expenses | Interest | Balance - > Table of expenses and payments $400 $4.00 s204.00 --- --- --- 1 $400 $200 Month Payment Expenses Interest Balance $400 $200 1.0% x $400 204.00 2 $225 $225 1 $400 = $4.00 2 3 $225 $360 $400 $225 $350 $350 $60 $80 $200 S70 6 7 8. $100 $225 $110 Print Done
Calculate AD Line from the following (Photo) (Note: Take only upto 2 decimals as it appears on calculator example: 0.52 20126)1. What is the money flow volume for 06 May?2. What does the AD Line for 06th and 07th May indicate?3. What is the AD Line for 06 May?
Find the finance charge for the givevn charge account given in the table. Assume interest is calculated on the average daily balance of the account. Average Daily Balance Monthly Interest Rate $431.64 1.08% The finance charge for the given account is?

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