...------------------------------------------------- ------------------------------------------------- ASSIGNMENT ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- COURSE: HAME507-01 Sep 17, 2014 Mastering the Time Value of Money ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- SUBJECT: Lump Sum Values ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ...
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...considerations are made when calculating TVM? Provide a sample TVM and solution. I have read the text in our books and also looked up TVM on the Internet. I feel like all this new information is foreign to me. I am trying to find as many resources as possible to re-explain the concepts learned in our text to help me gain a better understanding of each new concept being presented. I found an article on Investopedia written by D. Meyers regarding the Time Value of Money. The article explains how time affects monetary value and in order to understand TVM one must first learn to understand NPV or Net Present Value. NPV is the calculation comparing money received in the future to an amount of money received today while taking into account time and interest to be earned. Since this has been challenging for me to learn I want to break it down (for my own understanding). The one common question that is often asked in almost every business school across America is “Would you rather have $100,000 now or $1,000 a month for the rest of your life?” Before the professors allow students to answer they usually elaborate on the Specific Variation of TVM calculations. First, a student must understand NET PRESENT VALUE. This lets a you value stream of future payments into one lump sum today (often a choice of lottery winners). Then, understanding the definition of PRESENT VALUE which is; present value tells the current worth of a future sum of money. FUTURE VALUE gives the future value of...
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...CORPORATE FINANCE DEMYSTIFIED TROY A. ADAIR, Jr. McGraw-Hill New York Chicago San Francisco Lisbon London Madrid Mexico City Milan New Delhi San Juan Seoul Singapore Sydney Toronto Copyright © 2006 by The McGraw-Hill Companies. All rights reserved. Manufactured in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher. 0-07-148678-X The material in this eBook also appears in the print version of this title: 0-07-145910-3. All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarked name, we use names in an editorial fashion only, and to the benefit of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps. McGraw-Hill eBooks are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. For more information, please contact George Hoare, Special Sales, at george_hoare@mcgraw-hill.com or (212) 904-4069. TERMS OF USE This is a copyrighted work and The McGraw-Hill Companies, Inc. (“McGraw-Hill”) and its licensors reserve all rights in and to the work. Use of this work is subject to these terms. Except as permitted...
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...Bai Bithaman Ajil (BBA) Definition A contract that refers to the sale and purchase transaction for the financing of assets on a deferred and an installment basis with a pre‐agreed payment period. The sale price will include a profit margin. In Islamic finance a sale of goods in which a bank purchases the goods on behalf of the buyer from the seller and sells them to the buyer at a profit, allowing the buyer to make installment payment. A sample calculation of a 20 years property financing is as follows: Assume that you take out a 20 years financing for a house terrace of RM250,000 at a profit rate of 5.88%. The monthly instalments and total repayment would be based on the following formula: (PMT) = [FA (1 + r)n r] / [1 + (1 + r)n – 1] Whereby: PMT is payment of monthly instalment FA is facility amount r is profit rate (per month) n is periodic payment (no of months) Monthly instalment= [RM225,000 (1 + 0.0049)240 x 0.0049] / [1 + (1 + 0.0049)240 – 1] = RM1,596.43 Whereas the Bank’s selling price is = RM1,596.43 x 240 months = RM383,143.20 • Bai Bithaman Ajil means sale of goods with deferred payment, • Bai(sale), Bithaman(price), Ajil(deferment). • BBA is sale with deferred payment and is not a spot sale. • BBA used for financing property, vehicle, as well as financing of other consumer goods. Type of product : - Land / property financing - Vehicle financing - Consumer financing ...
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...knowledge and expertise to this series. QUANTITATIVE INVESTMENT ANALYSIS WORKBOOK Second Edition Richard A. DeFusco, CFA Dennis W. McLeavey, CFA Jerald E. Pinto, CFA David E. Runkle, CFA John Wiley & Sons, Inc. Copyright c 2004, 2007 by CFA Institute. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive,...
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...Environmental Planner MDPE – compensation method Methods of Compensation 1. Percentage of Construction 2. Multiple Direct Personnel Expense MDPE Architect = NTRMf Consultant = NTRMf Staff = NTRMf ------------------------------ E = Direct Cost E + MP + RE = Project Cost; where MP (Marginal Cost = 30%), RE (Reimbursable Expense) Project Cost + AE = Professional Fee: where AE = Architect & Engineer Fee N – T – R – Mf – Min. Fee = 2.0 – 2.5 as Multiplier 3. Lump Sum/ Fixed Fee 4. Per Diem Plus Reimbursable Expense 5. Combination 6. Professional Fee and Expenses 7. Turn Key Reimbursable Expenses Conditions: 1. Pertinent to the Project 2. Must occur within 100 K = radius 3. Mutual agreement Schedule of Payments CONTRACTOR 1. Downpayment - 20 – 50% of Project Cost 2....
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...compared unions wages in America and unions wages throughout the world. From 1975 until the early 1980s, the union-nonunion was differential grew steadily as wage increases for union workers almost always exceeded those of their nonunion counterparts. During the 1980s, pay increases for both union and nonunion workers dropped sharply. The recession of 1981-82 contributed to the decline in pay increases for both union and nonunion workers, leading to wage freezes and pay cuts, and a lower rate of prices increases. Although pay gains in the union sector continued to exceed those in the nonunion sector through the middle of 1983, the drop in the rate or increase was sharper for union workers, due in part to the growing importance of lump-sum payments offered in lieu of wage increases in union contracts. From the end of 1983 until the early 1990s, nonunion wage increases consistently exceeded those for union workers. By the end of 1988, the union-nonunion differential in wage rates was smaller than it had been in 1975. During 1983-91, the decline in the difference between union and nonunion wages resulted from the confluence of several factors. First, highly unionized industries lost some of their protection from competitive forces. Manufacturing industries, such as automobiles and steel, were strongly affected by foreign competition, while transportation industries, such as trucking and airlines, were affected by deregulation. A second factor in the decline in the...
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...FINANCIAL INTEGRITY REVIEW & EVALUATION CHECKLIST For Locally Administered Projects PIN: _________________________ LOCAL SPONSOR: _________________________________________________ DATE: _______________________ CONTRACTOR:_________________________________________________________ Award: ___________ Orig. Completion Date: ___________ % Complete ________ Award Amount: $_________________ Interviewed: ___________________________________________ EIC ____ Res. Engr.____ Off Engr. ____ Inspt. ____ NYSDOT RLPL (or representative) Present During Review? YES NO ____________________________________ Local Sponsor Official Present During Review? YES NO ____________________________________ Construction Monitoring and Staffing: Was a pre-construction meeting held for this project? YES NO Date of meeting:_____________________ Has a Construction Monitoring Plan (CMP) been prepared for this project? YES NO Is the CMP available for review? YES NO (Please make a copy and attach to report) Does the plan specify a required level of on-site project staffing? YES NO If YES, what is the specified project staffing:______ EIC/RE/PM _______ Office Engineer ________ On-site Inspectors Is the project staffing requirement being met? YES NO N/A If NO, why? _________________________________________________________________________________________ ACTUAL on-site construction inspection staff: Local Forces Consultant:__________________________________________ ...
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...[pic] GAUHATI UNIVERSITY A training report submitted in partial fulfillment of the requirements for the award of the degree of the Bachelor of Business Administration (Industry Integrated) 3rd Semester, Gauhati University on “CUSTOMER BEHAVIOUR TOWARDS INSURANCE PRODUCTS” AT METLIFE INDIA VISAKHAPANTAM [pic] Under Organisation Guidance Of: Under Institutional Guidance Of: Mr. K.V.R. Murthi Mr. Hari Krishna Senior Sales Manager Faculty , SITAM Metlife India Prepared And Submitted By: Surya Prakash CERTIFICATE This is to certify that Surya Prakash, a student of the Gauhati University has prepared his Training Report entitled “CUSTOMER BEHAVIOUR TOWARDS INSURANCE PRODUCTS” under my guidance. He has fulfilled all requirements under the regulations of the BBA (IIP) Gauhati University, leading to the BBA (IIP) degree. This work is the result of his own investigation and the project; neither as a whole nor any part of it was submitted to any other University or Educational Institution for any research or diploma. I wish his all success in life. Mrs. Rajani priya Head of the Department, Sun Institute of Technology And Management...
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...Executive Summary Mr. Tom Ho is a married man with a spouse and 2 children. He owns 2 business holding companies. The purpose of this proposal is to outline Mr. Tom Ho's financial status and standing in order to create a financial plan capable of achieving Mr. Tom Ho's life and financial goals. This proposal will address the action plans from several key and fundamental financial aspects, namely, insurance and risk management, savings and investments, education planning, retirement and estate planning and also, tax planning. The action plans and recommendations shall act as a guide in assisting Mr. Tom Ho to achieve sufficient financial protection, lower tax burdens, increased investment (passive) income, good retirement planning and also proper estate planning. The financial plan outlines all the financial planning and strategies that are designed and developed to: • Help to set aside an emergency fund preparing the client for unfortunate events and mishaps. • Provide client with budgeting plan and cash flows planning to support client and family's current lifestyle. • Help client in accumulating sufficient retirement funds to support him and his spouse's retirement lifestyle and needs. • Establish a profitable investment portfolio with balanced assets allocation according to client's risk profile and prospect analysis report. • Assist client in reducing client's tax burden by utilizing tax reliefs and other tax savings methods and strategies...
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...You Decide Template Name Victoria Berahmandpour Date 01/23/13 Scenario Summary: Karen works as a consultant at local utility. She was started five years ago for a project. Her job was to develop training materials for an upcoming session on diversity. Her manager, Cynthia, was happy with her work and asks for more projects. Karen was based on salary of $10,000 per month. She has received a 1099 for her wages for last five years. Because she was contractor, she didn’t receive any benefits. After Karen’s husband passed away, she did request for benefits, which was refused because she had contract with the utility. However, she was doing work like other regular employees in human resource department. Karen has had other limited clients over the years. She had one client for an approximately 40-hour project two years ago, and she currently has another client that keeps her on a retainer basis. Your Role/Assignment: Your role is to decide if Karen is an independent contractor or an employee and discuss some of the preventative and ethical situations that are occurring in this case. Questions: 1. Do you feel that Karen is an independent contractor or an employee? What is your rationale for this decision? I think that Karen should be considered an employee of the company. She has been working for the Utility Company for five years and she has been received salary. She was started as a contractor to develop training material for upcoming session...
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...i The Poor and Their Money An essay about financial services for poor people Stuart Rutherford Institute for Development Policy and Management University of Manchester January 1999 The Department for International Development will be publishing this work in New Delhi during 1999. For further information contact Sukhwinder Arora at the Department for International Development, New Delhi, India. ii PREFACE Over the last 15 years initiatives to provide financial services to poor people (the ‘microfinance industry’) have come on by leaps and bounds in terms of size and reputation. Despite this, the industry is still only in its adolescence and our understanding of why and how poor and very poor people use microfinancial services ( and why many choose not to use the services that are available) remains partial at best. This essay takes the reader on a ‘voyage of discovery’ that seeks to both deepen her/his understanding and encourage her/him to apply that knowledge to the practice of microfinance. The voyage that Stuart Rutherford offers is a unique one based upon years of careful and detailed personal research. It does not take a deductive approach that develops a theoretical model of the financial behaviour of poor people. Nor does it follow the ‘case study plus best practice’ approach that has been favoured by many practitioners when they write of microfinance. Instead, it adopts an inductive approach - based on thousands of conversations and meetings with...
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...functions. The purpose of this guide is to provide students with an easy and quick reference for some of the most commonly used financial functions. More detailed operational descriptions can be obtained from the owner’s manuals that accompany the calculators. This calculator guide discusses the basic functions of five business and financial calculators: the Texas Instruments (TI) BA-35 SOLAR, the Texas Instruments (TI) BA II PLUS, the Hewlett-Packard (HP) 12C, the Hewlett-Packard (HP) 17BII, and the HewlettPackard (HP) 19BII. The sections for each calculator present step-by-step instructions for using general and financial functions offered by each calculator. The calculations for each type of financial operation have been explained using sample problems. The display on the calculator’s screen at the completion of each step has also been included to allow you to confirm your calculations as you proceed. V Texas Instruments (TI) BA-35 Solar The TI BA-35 SOLAR can operate in three different modes: statistical (STAT), financial (FIN), and profit margin. No indicator is...
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...A PROJECT REPORT ON ANALYSIS OF BHARTI AXA RANGE OF SERVICES AT BHARTI AXA LIFE INSURANCE In the Partial Fulfillment of the Degree of Bachelor of Commerce Session 2012-2015 Under Punjab Technical University (PTU) Submitted By: PRIYA MANHAS B.COM (P) 5th SEMESTER UNIVERSITY ROLL NO.:1268348 ACKNOWLEDGEMENT While submitting the project on “Analysis of Bharti AXA Range of Services” I avail this opportunity to express our gratitude towards all those who guided and helped to finish this project successfully. I am grateful to Mr.Kamal Grover (Branch Head) and my project guide Mr. Kamal Sukhija from Bharti AXA Life Insurance for his inspiring guidance and kind encouragement. I express my deep sense of gratitude and heartily thanks to my executive those valuable guidance and encouragement, which has played a major role in completion of this project work. His esteem suggestion and encouragement from time to time has always helped in the completion of this project. I am thankful to my teaching staff for their valuable guidance in completion of this project. DECLARATION I am Priya Manhas student of B.com (P) GNA IMT Phagwara, Punjab hereby declare that this project report entitled “Analysis of Bharti AXA Range of Services” at Bharti AXA Life Insurance submitted is my original work. The finding of the reports are based on the information collected by me during the study and the result embodied in this study has not been submitted to any other university for the...
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...A RESEARCH PROPOSAL ON “CUSTOMERS’ PERCEPTION RELATED TO CREDIT APPRAISAL POLICIES AND PRACTICES OF SELECTED BANK LOANS IN U.T. OF DADRA AND NAGAR HAVELI’’ Submitted to Post Graduate Department of Business Studies Sardar Patel University VallabhVidyanagar Submitted by Dipankar Prajapati Asst. Professor at SSR College of ACS, Silvassa U.T. of Dadra and Nagar Haveli. INTRODUCTION__________________________________________________ BANKING SYSTEM IN INDIA Banking is believed to have existed in the most crude form in India, as early as Vedic period. Money lending was common practice in India, with the ancient people. The Puranas and Smritis mention about money changing and money lending. Manusmriti contains reference regarding deposits, pledges, policy on loans and rates of interest. Kautiliya’s Arthashastra also speaks extensively on banking practices in ancient India. The banking system of a country occupies a pivotal role in functioning and development of a country’s economy. In fact, it lies at the core of money market and also plays a complementary role in supporting the capital market. It is necessary to remember that the structure of the banking and financial system of any country is neither created at one stroke, nor is it permanent for all times to come. The fact of the matter is that various institution get evolved over a period of time, either through the trial and error method adopted by the people or at the instance of government. ...
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