Week 3 Individual Assignment

Week 3 Individual Assignment - The Sharpe Corporation Cash...

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The Sharpe Corporation Cash Budget Worksheet Sales Collections: Month of Sale (10%) First Month (60%) Second Month (30%) Total Collections Purchases Payments (one month lag) Cash Receipts: Collections Cash Disbursements: Purchases Rent Other Expenditures Tax Deposits Interest on Short-term Borrowing Total Disbursements Net Monthly Change Beginning Cash Balance Additional Financing Needed (Repayments) Ending Cash Balance Cumulative Borrowing b) 5-1A. (Compound interest) To what amount will the following investments accumulate? a. $5,000 invested for 10 years at 10 percent compounded annually b. $8,000 invested for 7 years at 8 percent compounded annually c. $775 invested for 12 years at 12 percent compounded annually d. $21,000 invested for 5 years at 5 percent compounded annually 5-4A. (Present value) What is the present value of the following future amounts? a. $800 to be received 10 years from now discounted back to the present at 10 percent b. $300 to be received 5 years from now discounted back to the present at 5 percent
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This note was uploaded on 09/21/2011 for the course FIN 370 370 taught by Professor Bayer during the Spring '11 term at University of Phoenix.

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Week 3 Individual Assignment - The Sharpe Corporation Cash...

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