Which of the statements describes a medium-term financial goal? On his last day of school, Michael sat down with his favorite professor to chalk out a personal financial for himself. He wanted to get started in life as soon as possible and he went to set goals that he could direct himself to achieve. He already knew that he wanted to buy a house on his own at some point. He wanted to save enough money for this. Once he decided on this target, his professor suggested that he look for good college for further studies. They pointed out to him that he could possibly get a student loan for this. They said that once he is done with his studies, he could pay off the loan. His professor advised him, that he should keep an eye on retiring with the adequate luxuries. For this, they suggested that he think of a pertinent retirement plan for himself. Michael wrote down all the suggestions in his notepad. He also wrote down 'car, which he decided he would require to travel to college

The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u.s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht.a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?