Fundamentals of Financial Management (Concise 6th Edition)

120 Part 2 Fundamental Concepts in Financial Management 2009E 2008 2007 Assets Cash $ 85,632 $ 7,282 $ 57,600 Accounts receivabl ...

Chapter 4 Analysis of Financial Statements 121 Industry 2009E 2008 2007 Average Current 1.2# 2.3# 2.7# Quick 0.4# 0.8# 1.0# Inve ...

122 Part 2 Fundamental Concepts in Financial Management Access the Thomson ONE problems through the CengageNOW™ web site. Use th ...

CHAPTER 123 Your reaction to that question is probably, “First things first! I’m worried about getting a job, not about retiring ...

124 Part 2 Fundamental Concepts in Financial Management Excellent retirement calculators are available at http://www.ssa.gov and ...

CHAPTER 5 Time Value of Money Do time lines deal only with years, or can other periods be used? Set up a time line to illustrate ...

126 Part 2 Fundamental Concepts in Financial Management 0.05. Throughout this chapter, we designate the interest rate as I becau ...

Chapter 5 Time Value of Money 127 You start with $100 in the account—this is shown at t! 0: You earn $100(0.05)! $5 of interest ...

128 Part 2 Fundamental Concepts in Financial Management As noted in our example, you! rst enter the known values (N, I/YR, PMT, ...

Chapter 5 Time Value of Money 129 in one place, which makes checking data entries relatively easy. Finally, it shows that Excel ...

130 Part 2 Fundamental Concepts in Financial Management 5-2e Graphic View of the Compounding Process Figure 5-1 shows how a $1 i ...

Chapter 5 Time Value of Money 131 5-3 PRESENT VALUES Finding a present value is the reverse of! nding a future value. Indeed, we ...

132 Part 2 Fundamental Concepts in Financial Management The top section of Table 5-2 calculates the PV using the step-by-step ap ...

Chapter 5 Time Value of Money 133 5-4 FINDING THE INTEREST RATE, I Thus far we have used Equations 5-1 and 5-2 to! nd future and ...

134 Part 2 Fundamental Concepts in Financial Management 5-5 FINDING THE NUMBER OF YEARS, N We sometimes need to know how long it ...

Chapter 5 Time Value of Money 135 annuity. If the payments are made at the beginning of each year, the annuity is an annuity due ...

136 Part 2 Fundamental Concepts in Financial Management A B C D E F G 131 132 133 134 135 136 137 138 139 140 141 142 143 144 14 ...

Chapter 5 Time Value of Money 137 is “Begin” or “Begin Mode” or “Due” or something similar. If you make a mistake and set your c ...

138 Part 2 Fundamental Concepts in Financial Management 5-9 PRESENT VALUE OF AN ORDINARY ANNUIT Y The present value of an annuit ...

Chapter 5 Time Value of Money 139 5-10 FINDING ANNUIT Y PAYMENTS, PERIODS, AND INTEREST RATES We can! nd payments, periods, and ...