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Global Marketing

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AMERICAN INTERNATIONAL UNIVERSITY-BANGLADESH Faculty of Business Administration Undergraduate Program, SUMMER 2013-2014 Financial Management (D) Assignment No. 1(Mid -Term) 1. Total target of a person is to save Tk. 150,000 in 10 years because he will send his child to MJA University for higher education. How much money the person needs to save at the end of each year to achieve the target. Assume that the interest rate is 14.25% p.a. 2. You have decided to provide Tk. 60,000 as university scholarship each year for 12 years. The first scholarship is to be awarded one year from now. If the university can earn 6.35% per annum return on investment, how much money do you need to donate now? 3. Mr. Jimi is planning to buy an apartment worth of Tk. 2,000,000 at the end of 14 years. In order to buy the apartment Mr. Jimi has decided to save certain amount at the end of each of the next 11 years and deposit it in MJA Bank Ltd. Assume that the bank interest rate is 12.70% per annum. How much money Mr. jimi will save at the end of each year? 4. Ref. No. question 3, Instead of installment Mr. Jimi wants to deposit a certain amount of money today. Now, how much money Mr. Jimi has to deposit today? 5. You wish to buy a Tk. 5000,000 dining room set. The furniture store offers you a 4-year loan with 11.25% interest rate per annum, compounded monthly. What are the monthly payments? 6. Mr. FM is saving for his college education. He is planning to attend college at the end of 5th year. From today he will keep TK. 10,000 in his saving account. He is planning to deposit 5 such amounts. How much money he will have in his saving account when he will start his college? 7. Your Aunt has saved Tk. 950,000 during her working career. Now she will retire and want to invest the money in a mutual fund. The annual compound interest rate is 10.55%. She will make 19 equal withdrawals as she is expecting to live another 19 years. What will be the amount of each withdrawal? The first withdrawals will start from now. 8. You want to buy an Apartment, the apartment owner gives you two options: i. You have to pay TK. 280,000 today or ii. You have to pay 69,000 today and rest of the amount by installment at TK. 55,000 at the end of each year for next six years. Annual compound interest rate is 26 percent. Which option should take? 9. An executive is planning to enroll an MBA program after 4 years. The program has duration of 2 years. He will need TK. 800,500 for his MBA Program. How much should he save each year over the next 4 years? Assume that Annual compound interest rate is 16.75%, compounded quarterly.

10. You have won a lottery; the lottery gives you two options: i. You can take TK. 210,000 today or ii. You will get TK. 79,000 per year over the next five years. You will get first payment today. Annual compound interest rate is 27.25%.Which option you will take? œœ’—–Ž— ž‹–’œœ’˜— ŠŽ ž—Š¢ ›˜– ™– ™–
˜ž Š›Ž —˜ Š••˜ Ž ˜ œž‹–’ ‘Ž Šœœ’—–Ž— ‹Ž˜›Ž Š— ŠŽ› ‘Ž ŽŠ•’—Ž ˜ž ‘ŠŸŽ ˜ œž‹–’ ’ ’‘’— ‘Ž ŽŠ•’—Ž
Š— ˜ ‘Š— œž‹–’œœ’˜— Žœ ˜ •žŒ”

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