Fin 3201
[pic 1]BACHELOR OF ACCOUNTANCY (HONS)FIN 3201FINANCIAL MANAGEMENTGROUP ASSIGNMENT (20%)JANUARY 2017 SESSIONLECTURER: Mrs Ming Yian Rebecca YewNAMESSECTIONSSTUDENT ID1. Khoo Chee Yee1A1I160098312. Teo Wei Sheng1A1I160098353. On Qi Hui1A1I16009852ContentsCover page……………………………………………………………………………………………………………….1Content..…………………………………………………………………………………………………………………..2Question 1 ……………………………………………………………………………………………………………….3Question 2………………………………………………………………………………………………………………..6Reference List….……………………………………………………………………………………………………..10
(Q1) Present value of general living expenses of $50,000 per year for 50 years: N=50 PMT=-50,000 I=5 PV=?PV=$912,796Present value of general living expenses of $50,000 per year for 50 years is $912,796.Present value of apartment rental of $16,000 per year for 8 years: (First payment started at end of year 1 and last payment at end of year 8)N=8 PMT=-16,000 I=5 PV=?PV=$103,411Present value of apartment rental of $16,000 per year for 8 years is $103,411.Present value of the home purchase of $250,000 in 9 years:N=9 FV=-250,000 I=5 PV= ?PV= $161,152Present value of the home purchase of $250,000 in 9 years is $161,152.Present value of the cost of five automobile purchases of $30,000 in each of years 0, 10, 20, 30, 40 and 50:N=0 FV=-30,000 I=5 PV=?PV=$30,000Present value of the cost of automobile purchase of $30,000 in year 0 is $30,000.N=10 FV=-30,000 I=5 PV=?