FINC 600 Week 1 Assignment Homework Problems

FINC 600 Week 1 Assignment Homework Problems

Author: Dannie Young

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 FINC600 Week 1 Assignment - Homework Problems 
Assignment Instructions
Complete the following problems in Microsoft Excel. Your work must be completed in the attached template.
Chapter 1: 1-6, 1-8
Chapter 2: 2-9, 2-12Chapter 3: 3-3, 3-4
Computations must be solved using Excel. Show all your work to earn partial credit. Essay questions require references.Submit to Assignments by midnight ET, Day 7 (Sunday).
In most large corporations, ownership and management are separated. What are the main implications of this separation?
We can imagine the financial manager doing several things on behalf of the firm’s stockholders. For example, the manager might:
a. Make shareholders as wealthy as possible by investing in real assets.
b. Modify the firm’s investment plan to help shareholders achieve a particular time pattern of consumption.
c. Choose high- or low-risk assets to match shareholders’ risk preferences.
d. Help balance shareholders’ checkbooks.
But in well-functioning capital markets, shareholders will vote for only one of these goals. Which one? Why?
A. The cost of an automobile is $10,000. If the interest rate is 5%, how much would you have to set aside now to provide this sum in five years?
B. You have to pay $12,000 a year in school fees at the end of each of the next six years. If the interest rate is 8%, how much do you set aside today to cover these bills?
C. You have invested $60,476 at 8%. After paying the above school fees, how much would you remain at the end of six years?

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