A year ago you deposited 40000 into a retirement savings

Question

1. Jake owns The Corner Market which he is trying to sell so that he can retire and travel. The Corner Market owns the building in which it is located. This building was built at a cost of $647,000 and is currently appraised at $827000. The counters and fixtures originally cost $148,000 and are currently valued at $66000. The inventory is valued on the balance sheet at $319,000 and has a retail market value equal to 1.3times its cost. Jake expects the store to collect 98 percent of the $21,700 in accounts receivable. The firm has $26,800 in cash and has total debt of $414,700. What is the market value of this firm?
2. The Widget Co. purchased new machinery 5 years ago for $2.2 million. The machinery can be sold to the Roman Co. today for $2 million. The Widget Co.'s current balance sheet shows net fixed assets of $2,500,000, current liabilities of $1,375,000, and net working capital of $725,000. If all the current assets were liquidated today, the company would receive $1.9 million in cash. The book value of the Widget Co.'s assets today is _CA-CL=1,900,000-1,375,000=525,000____ and the market value of those assets is _____.
3. A year ago, you deposited $40000 into a retirement savings account at a fixed rate of 5.5 percent. Today, you could earn a fixed rate of 6.5 percent on a similar type account. However, your rate is fixed and cannot be adjusted. How much less could you have deposited last year if you could have earned a fixed rate of 6.5 percent and still have the same amount as you currently will when you retire 39 years from today?
4. You are scheduled to receive annual payments of $5500 for each of the next 8 years. The discount rate is 11.5 percent. What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of each year?
5. Theresa adds $1500 to her savings account on the first day of each year. Marcus adds $1500 to his savings account on the last day of each year. They both earn 6.7 percent annual interest. What is the difference in their savings account balances at the end of 36 years?
6. Some time ago, Julie purchased eleven acres of land costing $35000. Today, that land is valued at $211800. How long has she owned this land if the price of the land has been increasing at 5.6 percent per year? 35000=211800/(1.056)^t 6.05=(1.056)^t Ln(6.05)/ln(1.056)=T