Convert monthly return to annual
[DOC File]Amherst College
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Since the data set gives price data monthly, these periods are months. By including the exponent 1200, the function estimates the returns in terms of annual percentages. It multiplies the returns by 12 to convert monthly return data into continuously compounded annual return data, and by 100 to give returns in percentages.
Chapter 01 Personal Financial Planning in Action
Correct answer uses 10% for 40 periods Exhibit 1-B table: Future value = annual deposit * factor = $2,000,000 = annual deposit * 442.490 Annual deposit = $2,000,000/442.490 = $4,518. This can also be solved using computer or calculator functions using the following variables: N = 40, I = 10, PV = 0, FV = 2,000,000. Solve for PMT: $4,518.83
[DOC File]Chapter 5
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CHAPTER 5. The Time Value of Money. QUESTIONS. 1. What is the relationship between a future value and a present value? A future value equals a present value plus the interest that can be earned by having ownership of the money; it is the amount that the present value will grow to …
[DOC File]1 - San Francisco State University
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14. Credit card issuers must by law print their Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 7.30% monthly, what is the interest rate per month? a. 0.303%. b. 0.608%. c. 0.0608%. d. 0.309% . 15. What is the present value of the following cash flows at a discount rate of 12%? A) $101,221 . B) $200,000 . C ...
[DOC File]1
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Proration of income to determine a monthly amount is accomplished by dividing the amount received by the number of time periods it is intended to cover as follows: Bi-monthly amount (2 months) ÷ 2. Quarterly amount (3 months) ÷ 3. Semi-annual amount (twice/year) ÷ 6. Annual amount ÷ 12. 6-week amount ÷ 6 and converted to monthly amount by ...
[DOC File]Solutions for Homework ** Accounting 311 Cost ** Winter 2009
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Since the production capacity is 4,000 jaw breakers per month, the current annual relevant range of output is 0 to 4,000 jaw breakers × 12 months = 0 to 48,000 jaw breakers. 2. Current annual fixed manufacturing costs within the relevant range are $1,000 × 12 = $12,000 for rent and other overhead costs, plus $6,000 ÷ 10 = $600 for ...
[DOC File]Exam-type questions
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d. The expected return on Stock A will be greater than that on Stock B. * 29. Over the past 75 years, we have observed that investments with higher average annual returns also tend to have the highest standard deviations in their annual returns. This observation supports the notion that there is a positive correlation between risk and return.
[DOC File]1 - CPA Diary
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The company changed from using checks to sight drafts which will permit it to hold unto its cash for one extra day. If QRS can use the extra cash to earn 14% annually, what annual peso return will it earn? a. P652.10 b. P6,521.00 c. P6.52 d. P2,380. 17. Sixty percent of Baco's annual sales of …
[DOC File]1. This is an annuity of which we know the present value ...
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Convert the monthly rate of 1.02% to an effective annual interest rate. This can be done with the following formula: where n equals the number of periods. In this case we have: which gives r=12.95%. 3. Annuity Problem. The first step is to convert the annual discount rate to a semiannual rate:
[DOC File]Exhibit 5-3: Acceptable Forms of Verification
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Financial Statement(s) of the business (audited or unaudited) including an accountant’s calculation of straight-line depreciation expense if accelerated depreciation was used on the tax return or financial statement. Any loan application listing income derived from business during the preceding 12 months.
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