Jenna would like to purchase a new car in three years. if she saves $1000 per year in an account that pays 8% annual interest for the next 3 years, how much will she have saved for a down payment? (round the final answer to the nearest dollar.) values for i = 8%, n = 3
present value of an ordinary annuity of $1 2.577
present value of $1: .772
future value of an ordinary annuity of $1 3.246
future value of $1:

a. $ 1.260
b. $ 3246
c. $ 3772
d. $ 3577
e. $ 2577

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

What has caroline's payment history been like? support your answer with two examples

Bill dukes has $100,000 invested in a 2-stock portfolio. $62,500 is invested in stock x and the remainder is invested in stock y. x's beta is 1.50 and y's beta is 0.70. what is the portfolio's beta? do not round your intermediate calculations. round the final answer to 2 decimal places.