Saturday

February 25, 2017
**Business finance**

Mr. X wants a fridge that cost 12000.He has arrange to borrow to borrow the total purchase price from a finance company at a simple interest rate of 12% .the loan require quarterly payment for a period of 3yrs.if the first payment is due 3months after purchasing a fridge,what ...

*Thursday, February 23, 2017 by Ibra*

**Finance**

The Arizona Bay Corporation sells on credit terms of net 30. Its accounts are, on average, four days past due. If annual credit sales are $9.75 million, what is the companyâ€™s balance sheet amount in accounts receivable?

*Saturday, February 18, 2017 by JPB*

**MATH (POST 2) Need Help Please**

Using the average daily balance method and the informationâ€‹ given, find the credit card finance charge for the month of Augustâ€‹ (31 days). The annual interest rate isâ€‹ 18%. July 31st (Balance) $590 August 5 (Charge) $90 August 9 (Payment)$560 August 14 (Charge)$193 ...

*Saturday, February 18, 2017 by Derek*

**Math (Business)**

Using the average daily balance method and the informationâ€‹ given, find the credit card finance charge for the month of Augustâ€‹ (31 days). The annual interest rate isâ€‹ 18%. July 31st (Balance) $590 August 5 (Charge) $90 August 9 (Payment)$560 August 14 (Charge)$193 ...

*Saturday, February 18, 2017 by Derek*

**finance**

Explain in detail on how does the modified internal rate of return include concepts from both the traditional internal rate of return and the net present value methods? Use a quantitative example to present for your answer.

*Friday, February 17, 2017 by umme*

**finance**

Inflation, disinflation and deflation can have significant effects on income statements and balance sheets, and therefore on the calculation of ratios. Discuss the possible impact of inflation, disinflation and deflation of the ratios, and explain the direction of the impact ...

*Friday, February 17, 2017 by umme*

**Managerial Finance**

Gluon Inc. is considering the purchase of a new high pressure glueball. It can purchase the glueball for $200,000 and sell its old low-pressure glueball, which is fully depreciated, for $36,000. The new equipment has a 10-year useful life and will save $44,000 a year in ...

*Sunday, February 12, 2017 by Dakota*

**Mathematics of finance 1**

A company has sales of 160000 which represents a 6.5% increase over the previous year. what were the sales over previous year? please elaborate the method and formula

*Sunday, February 12, 2017 by TARAN*

**Statistics for Finance**

Question 3 [17 Marks) There are five (5) set of data; A to E is provided for this question. Each group will be assigned to analyze ONE dataset only and answer the questions below. The assigned dataset will be determined by your lecturer in separate announcement in MMLS. Below ...

*Saturday, February 11, 2017 by MohammedFarhanKhan*

**Finance**

Which type of debt is the least attractive for a consumer? Unsecured debt Secured debt Mortgage debt Lease debt My answer is unsecured debt

*Wednesday, February 8, 2017 by Steve*

**Finance**

Sheet Metals has an outstanding loan that calls for equal annual payments of $12,600.47 over the life of the loan. The original loan amount was $72,000 at an APR of 8.15 percent. How much of the third loan payment is interest? $5,868.00 $4,725.89 $4,896.48 $5,009.16 $4,687.53

*Sunday, February 5, 2017 by Jen*

**Finance**

You want to purchase a new condominium that costs $287,500. Your plan is to pay 25 percent down in cash and finance the balance over 15 years at 3.75 percent. What will be your monthly mortgage payment including principal and interest? $1,568.07 $1,333.33 $1,708.16 $1,221.43 $...

*Sunday, February 5, 2017 by Jen*

**Managerial finance 4A**

Mr Paul is identified three investment opportunities that he is considering.one is investment A that is expected to pay N$800.00 ayear for three years,followed by N$1000.00 per year for four years. it will pay N$2000.00 at the end of the eighth year. Investment B is expected ...

*Friday, January 20, 2017 by Lucy*

**finance**

Usha Manufacturing Co. has a bond of $1000 par value outstanding. It pays interest annually and carries an annual coupon rate of 8%. Bonds are issued 2 years ago & due in 10 years. If the market rate of return on bonds is 7%. Required: a. What is the current price of the bond...

*Friday, January 13, 2017 by PMD*

**finance**

Emma's Cabinets is looking at a project that will require $80,000 in fixed assets and another $20,000 in net working capital. The project is expected to produce annual sales of $110,000 with associated costs (other than depreciation) of $70,000. Kurtâ€™s pay $5,000 a year as ...

*Friday, January 13, 2017 by PMD*

**Finance**

You plan on depositing $10,000 at the end of each year for 30 years into a retirement account that pays 5% interest. How much could you withdraw annually in equal beginning of year amounts starting at the time you make your last deposit and continuing for a total of 20 years, ...

*Friday, January 13, 2017 by LALA*

**Finance**

EMAR expects to receive $2,000 per year for 10 years and $3,500 per year for the next 10 years. What is the present value of this 20-year cash flow? Use an 7% discount rate.

*Friday, January 13, 2017 by LALA*

**Finance**

Suppose you borrowed $15,000 at a rate of 9% and must repay it in 5 equal installments at the end of each of the next 5 years. What is the outstanding balance of the loan at the end of second year?

*Friday, January 13, 2017 by LALA*

**finance**

7500$ investment in each of 20 stocks ( beta of portfolio=1.12). suppose you decide to sell one stock that have beta 1 for 7500$, and use them to buy another one of beta=1.75 calculate the beta of new portfolio ?

*Sunday, January 8, 2017 by zaynab*

**Finance**

You purchase a piece of property for $30,000 nine years ago and sold it today for $83,190. What was your annual rate of return on your investment?

*Friday, January 6, 2017 by Nkafu*

**Finance**

ABC corp. expects to receive $2000 per year for years and $3500 per year for the next 10 years. what is the percentage value of this 20 years cash flow? use an 7% discount rate

*Friday, January 6, 2017 by Nkafu*

**math**

Assume that you make a down payment of $2000, and you finance the remainder with a five-year loan at 6.9 percent APR. 20092 total cost-2000 down payment=18092 interest=2.24$ What is the equation I need to use to figure out the monthly payments per $100?

*Tuesday, December 27, 2016 by crissy*

**personal finance**

what is the form utility of a cupcake? please help and thanks!

*Thursday, December 22, 2016 by Meg*

**finance**

the school you would like to attend costs 100,000, to help finance your education you need to choose whether or not to sell your 1000 shares of Apple stock , 1000EE Savings Bonds (with denominations and 4.25% coupon rate) that are five years from their 30-year maturity date of...

*Tuesday, December 20, 2016 by d*

**finance**

the company offered you a 5000 bonus, which you may receive today or 100 shares of the companys stock which has a current stock price of 50 per share

*Tuesday, December 20, 2016 by e*

**Business Finance**

Deposit $300 each month into an account earning 7% interest compounded monthly. How much total money will you put into the account? How much total interest will you earn?

*Monday, December 19, 2016 by Anonymous*

**Business Finance**

What would be the cost of new common stock equity for Tangshan Mining if the firm just paid a dividend of $4.25, the stock price is $55.00, dividends are expected to grow at 8.5 percent indefinitely and flotation cost are $6.25 per share?

*Friday, December 9, 2016 by joan blevins*

**Business Finance**

1. What is the actual present value of the lien ($8,000, 30 yrs @ 12% interest â€“ do not calculate simple interest!)? 2. How much will the conservator have after the sale of the property closes?

*Thursday, December 8, 2016 by James*

**math**

Warner Cable Company needs to replace 5 vehicles. It considering 2 different types: Type HC with a higher cost and higher gas mileage and Type LC with a lower cost and lower gas mileage. Vehicle HC is $35000 and Vehicle LC is $28000. HC averages 43 miles per gallon of gas and ...

*Thursday, December 1, 2016 by Audrey*

**Finance**

Ron starts with a $100,000 mortgage at 8% for 30 years, annual payments. Ten year into the mortgage Ron is able to refinance the balance of the mortgage at 6%. a) If he chooses to refinance for 20 years what would his new payments be?

*Thursday, December 1, 2016 by Don*

**Finance**

Ron starts with a $100,000 mortgage at 8% for 30 years, annual payments. Ten year into the mortgage Ron is able to refinance the balance of the mortgage at 6%. a) If he chooses to refinance for 20 years what would his new payments be?

*Thursday, December 1, 2016 by Don*

**Finance**

Ngata Corp. issued 19-year bonds 2 years ago at a coupon rate of 9.6 percent. The bonds make semiannual payments. If these bonds currently sell for 107 percent of par value, what is the YTM?

*Thursday, December 1, 2016 by Christine*

**Managerial finance**

Suppose that your firm sells its goods at $100 per unit, it incurs $50,000 in total fixed costs, and it faces a variable cost per unit of $40. What is your firm's approximate Break Even level in number of unit sold? a. 503 b. 620 c. 769 d. 834

*Thursday, December 1, 2016 by Britney Martin*

**Apex personal finance**

Mack opened a CD 10 years ago at an interest rate of 7.8% compounded monthly. According to the rule of 72, when did she have half as much money as she does now? A. About 9.2 years ago B. About 4.6 years ago C. About 3.9 years ago D. About 7.8 years ago

*Monday, November 28, 2016 by Mason*

**business finance**

Stacy took out a loan for $15,000. Her note was for 300 days at 5% ordinary interest. On day 100 she made a partial payment of $5,000. On day 200 she made a second payment of $5,000. On day 250 she made yet a third payment of $2,500. a. (1 point) What is the adjusted balance ...

*Sunday, November 27, 2016 by karly*

**Business Math**

A couple purchased a home 5 years ago with a 20-year mortgage for $50,000 at an interest rate of 6% compounded monthly. The home is now valued at $90,000. A) How much are the couple's monthly payments? B)What is their balance after 7 years and how much equity is in their new ...

*Sunday, November 27, 2016 by pypski*

**finance**

Ecolap Inc. (ECL) recently paid a $0.42 dividend. The dividend is expected to grow at a 10.50 percent rate. The current stock price is $47.32. What is the return shareholders are expecting? (Do not round intermediate calculations and round your final answer to 2 decimal places...

*Saturday, November 26, 2016 by deda*

**finance**

New York Times Co. (NYT) recently earned a profit of $1.31 per share and has a P/E ratio of 19.25. The dividend has been growing at a 6.50 percent rate over the past six years. If this growth rate continues, what would be the stock price in four years if the P/E ratio remained...

*Saturday, November 26, 2016 by deda*

**finance**

A 7.10 percent coupon bond with 14 years left to maturity is priced to offer a 7.8 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.4 percent. What is the change in price the bond will experience in dollars? (Do not round intermediate ...

*Saturday, November 26, 2016 by deda*

**finance**

Consider a 2.55 percent TIPS with an issue CPI reference of 187.8. At the beginning of this year, the reference CPI was 196.5 and was at 204.4 at the end of the year. What was the capital gain of the TIPS in dollars? (Do not round intermediate calculations and round your final...

*Saturday, November 26, 2016 by deda*

**finance**

A client in the 26 percent marginal tax bracket is comparing a municipal bond that offers a 6.4 percent yield to maturity and a similar-risk corporate bond that offers a 9.10 percent yield. Determine the equivalent taxable yield. (Round your answer to 2 decimal places.) ...

*Saturday, November 26, 2016 by deda*

**finance**

You note the following yield curve in The Wall Street Journal. According to the unbiased expectations theory, what is the 1-year forward rate for the period beginning one year from today, 2f1? (Round your answer to 2 decimal places.) Maturity Yield One day 2.50% One year 6.00 ...

*Saturday, November 26, 2016 by deda*

**finance**

NikkiGâ€™s Corporationâ€™s 10-year bonds are currently yielding a return of 7.00 percent. The expected inflation premium is 1.20 percent annually and the real risk-free rate is expected to be 2.40 percent annually over the next ten years. The liquidity risk premium on NikkiG...

*Saturday, November 26, 2016 by deda*

**finance**

On March 11, 20XX, the existing or current (spot) 1-, 2-, 3-, and 4-year zero coupon Treasury security rates were as follows: 1R1 = 0.40%, 1R2 = 1.00%, 1R3 = 1.40%, 1R4 = 1.55% Using the unbiased expectations theory, calculate the 1-year forward rates on zero coupon Treasury ...

*Saturday, November 26, 2016 by deda*

**Finance**

10. The following balance sheet extract relates to the ABC Company. Bonds Payable $1,600,000 Common Stock $5,000,000 Preferred Shares $2,550,000 Additional Information: i. The bonds are 8%, annual coupon bonds, with 9 years to maturity and are currently selling for 95% of par...

*Thursday, November 24, 2016 by Samantha*

**finance**

Which of the following can file as a corporation or partnership? a. LLC and LLP. b. LLC only. c. LLP only. d. LLC and S corporation.

*Thursday, November 17, 2016 by Anonymous*

**finance**

Which of the following statements is/are true? 1. It is necessary to register with the state when forming a proprietorship. 2. It is necessary to register with the state when forming a partnership. a. 1 only. b. 2 only. c. Both 1 and 2. d. Neither 1 nor 2. I believe the answer...

*Wednesday, November 16, 2016 by Anonymous*

**history**

1. Which statement best explains the significance of the signing of the Mayflower Compact? * 5 points A)The colonists swore to survive together or die in North America. B)The colonists agreed to create their own government and to obey its rules. C)The colonists declared their ...

*Tuesday, November 15, 2016 by connexus*

**Finance**

How financial markets affect devaluation?

*Friday, November 11, 2016 by Afeni*

**Finance**

I believe the correct answer is C. If someone could please double heck for me. Trina gave her nephew Roy 100 shares of HLM Corporation stock that she purchased 6 months ago for $10,000. At the time of the gift, the fair market value of the stock was $12,000. Which of the ...

*Wednesday, November 9, 2016 by Anonymous*

**Finance**

When Steve and Roslyn retire together they wish to receive $40,000 additional income (in the equivalent of todayâ€™s dollars) at the beginning of each year. They assume inflation will be 4% and they expect to realize an after tax return of 8%. Based on life expectancies, they ...

*Wednesday, November 9, 2016 by Anonymous*

**Finance**

When Steve and Roslyn retire together they wish to receive $40,000 additional income (in the equivalent of todayâ€™s dollars) at the beginning of each year. They assume inflation will be 4% and they expect to realize an after tax return of 8%. Based on life expectancies, they ...

*Monday, November 7, 2016 by Anonymous*

**Financial Math**

You purchase a computer for $875.00 plus 5% sales tax. You decide to finance it through the store's 0% program for 12 months. The terms state you pay nothing until the 12 months are over. When you receive the bill, you forget to pay it and are assessed a late fee of $39.00 ...

*Monday, November 7, 2016 by Naphratite*

**finance**

Tyrone, age 25, expects to retire at age 60. He expects to live until age 90. He anticipates needing $45,000 per year in todayâ€™s dollars during retirement. Tyrone can earn a 12% rate of return and he expects inflation to be 4%. How much must Tyrone save, at the beginning of ...

*Monday, November 7, 2016 by Anonymous*

**Finance**

Contributing $1,500 to his retirement fund at the end of each year beginning at age 18 through age 50, with an average annual return of 12%, how much does Juan have in his retirement account at this time to use toward a possible early retirement?

*Monday, November 7, 2016 by Mike*

**Finance 300**

Suppose a stock had an initial price of $94 per share, paid a dividend of $2.50 per share during the year, and had an ending share price of $76.50.

*Sunday, October 30, 2016 by Anonymous*

**Finance**

You want to have $2million in real dollars in an account when you retire in 43 years. The nominal return on your investment in 9.939% and the inflation rate is 3.2%. What is the real amount you must deposit each year to achieve this goal?

*Saturday, October 29, 2016 by VicG*

**finance**

teresa buys 100 shares of XYZ sock on margin at $20 per share. If the margin requirement is 45 percent, the interest rate is 10 percent, and she holds the security for 1 year, how much interest must she pay?

*Thursday, October 27, 2016 by tiffany*

**History**

With which other reform leader did W.E.B. Dubois most agree about fighting social injustice? A:Booker T. Washington B:William Jennings Bryan C:Susan B. Anthony*** The Populist Party lost in large in part as a result of? A:Their refusal to endorse William Jennings Bryan B:Their...

*Thursday, October 27, 2016 by Marylyn*

**Finance**

You have been hired as a consultant for Pristine Urban-Tech Zither, Inc. (PUTZ), manufacturers of fine zithers. The market for zithers is growing quickly. The company bought some land three years ago for $1.30 million in anticipation of using it as a toxic waste dump site but...

*Wednesday, October 26, 2016 by Riley*

**Finance**

I'm struggling with being able to solve this question: A company wants to raise money in the capital markets. The firm intends to sell $18 million of common stock; the expected return is 15%. In addition, the company plans to issue $5 million of debt, the cost of this debt is ...

*Monday, October 24, 2016 by Veronica*

**finance**

You want to purchase a car. It costs 25,000. You have 3,000 that you have saved up for a down payment. You can go with the 5 year car and 60 month car loan. The car manufacture is offering a special deal on your car. You can get zero percent financing or 2,000 cash back. If ...

*Sunday, October 23, 2016 by Kate*

**finance**

You have only saved 2,000. You are going to trade in your old car and get a new one. The dealership has offered you 3,000 for your trade, and you have accepted their offer. The car you want to buy costs 23,000 but you talked them down to 21,000. The dealership is offering you ...

*Sunday, October 23, 2016 by Kate*

**Social Studies**

In the text, You read this about the bank of the united states: The bank of the united states had been a subject of dispute since its early days. The bank had greate over the nations banking system because it controlled loans made by state banks. When the banks directors ...

*Monday, October 17, 2016 by LUIGI*

**FINANCE**

hi! could someone give me a well known company with direct and indirect competitors ( at least 3) please!! please help me <3

*Friday, October 14, 2016 by meg*

**personal finance**

Please help me.... Match the example in Column A to the business structure in Column B. 1.) Doug and Vanessa are friends who want to start a carpet cleaning business together and share the ownership and profits. They are not concerned about personal liability. They want the ...

*Wednesday, October 12, 2016 by meg*

**finance**

John Peterson purchased a bond at a price far below its face value; it that makes no interest payments and will be redeemed at its face value at maturity. In all likelihood, he purchased a(n) __________ bond.

*Thursday, October 6, 2016 by Debbie*

**Business Finance**

You choose to invest your $3,560 income tax refund check (rather than spend it!) in an account earning 5% compounded semiannually. How much will the account be worth in 5 years?

*Wednesday, October 5, 2016 by Anonymous*

**Business Finance**

You choose to invest your $3,560 income tax refund check (rather than spend it!) in an account earning 5% compounded semiannually. How much will the account be worth in 5 years?

*Wednesday, October 5, 2016 by Anonymous*

**finance**

Starting a year from now and making 10 yearly payments, Pierre would like to put into a retirement account enough money so that, starting 11 years from now, he can withdraw $30000 per year until he dies. Pierre is confident that he can earn 8% per year on his money for the ...

*Monday, October 3, 2016 by Yumi*

**Finance**

How much money will the smiths have to deposit each first of the month after their child is born until its 18th birthday in order to have enough saved up for college ($196000)? .3% APR.

*Thursday, September 22, 2016 by The Guy*

**math**

you buy refrigerator for 12,800 and make a down payment of 2,500. if ypu finance the remainder at 8% annually for 3 years, how much will you actually pay for the refrigerator?

*Thursday, September 22, 2016 by Arvee*

**finance**

what is the interest rate if i borrow $16,500 and I pay $665 a month for 3 years

*Friday, September 16, 2016 by Lupe*

**finance**

Concluding financial markets are important in a person's daily life and are easier to handle, on how technology is today. Could you help rephrase this please

*Wednesday, September 7, 2016 by jeremy*

**Finance**

Audrey Sanborn has just arranged to purchase a $550,000 vacation home in the Bahamas with a 20 percent down payment. The mortgage has a 6.1 percent stated annual interest rate, compounded monthly, and calls for equal monthly payments over the next 30 years. Her first payment ...

*Wednesday, August 31, 2016 by Anonymous*

**Finance / Econ**

A business invests $8,000 into an account that has 5% interest per-year. Annual inflation is 3.5 % over the next 5 years. Determine the inflation rate per half year? I tried doing this: MARR_R = (1+MARR_C)/(1+f) - 1 --> 6% = (1+MARR_C)/(1+3.5%) - 1 --> MARR_C = 9.71 %/yr...

*Saturday, August 27, 2016 by Joey*

**Finance**

Solution needed . You need to have $50000 at the end of 10 years .To accumulate this sum, you have decided to save a certain amount at the end of each of the next 10 years and deposits it in the bank. the bank pays 8 percent interest compounded annually for long-term deposits...

*Friday, August 19, 2016 by Tamanna*

**math**

math problem-Car payments are determined using simple interest. To finance your vehicle purchase you have two choices. Write two equations, one for each bank, that models the banks' loan options using x for the price of the vehicle and y to represent the total cost (price, ...

*Saturday, August 13, 2016 by amanda*

**finance**

Question #28 The construction of abuilding costing $12,0CI0,000 started i* Year I and was completed and occupied in Year 2 (two years constructions). $8,000,000 of the construction costs was incurred in Year I and the halance in Year 2. Using the old rules or systern (5% CCA ...

*Monday, August 8, 2016 by Payal*

**finance management**

You are going to open a business making custom cabinets. You can sell each cabinet for $80. It takes a cabinetmaker approximately 45 minutes to make one cabinet. Each cabinetmaker works an 8-hour day earning $18 per hour. Each cabinet uses $25 in raw materials. You usually ...

*Sunday, August 7, 2016 by sandra*

**finance management**

Wanda wants to open a health-food store. Her monthly expenses are rent $3,500, utilities of $1,000, insurance of $500, and payroll of $4,250. She estimates that her cost of goods is approximately 65 percent of sales. Wanda would like to make $4,000 a month for herself. a. What...

*Sunday, August 7, 2016 by sandra*

**Finance math**

A bank pays 10% compounded annually on its three-year fixed deposit account. At the end of the three years, a 3% bonus on the final amount will be paid. find the effective interest rate that will be earned on this scheme

*Friday, August 5, 2016 by Ali*

**finance math**

Bnak offers a loan of 10% per annum compounded semi annually and the effective annual rate is 10.25% Example: Customer A Customer A negotiated a $10,000 loan to be repaid monthly over 5 years. How much is the monthly installment (payment)?

*Monday, August 1, 2016 by Anjali*

**Finance, Math**

You take a short position in one European put option contract, with strike price 100 and maturity six months, on a stock that is trading at 100. The annual volatility of the stock is constant and equal to 25%. The dividend rate is zero. The annual (continuously compounded) ...

*Monday, August 1, 2016 by Anonymous*

**Finance, Math**

You take a short position in one European put option contract, with strike price 100 and maturity six months, on a stock that is trading at 100. The annual volatility of the stock is constant and equal to 25%. The dividend rate is zero. The annual (continuously compounded) ...

*Monday, August 1, 2016 by Anonymous*

**FINANCE**

You take a short position in one European put option contract, with strike price 100 and maturity six months, on a stock that is trading at 100 . The annual volatility of the stock is constant and equal to 25 % . The dividend rate is zero. The annual (continuously compounded) ...

*Monday, August 1, 2016 by Anonymous*

**Financial Acc & Reporting**

Archive bhd acquired a franchise on finance lease. it is required to pay 200000 per annum in advance for five years. the implicit interest rate is 10%. the franchise could be bought for 800000. the legal life is five years but can be renewed at 5000 for another five years. ...

*Saturday, July 30, 2016 by Nurul*

**Economics / Finance**

WhatÂ isÂ theÂ distinguishingÂ featureÂ ofÂ theÂ limitedÂ partnership? (a)TheÂ partnersÂ runÂ theÂ businessÂ togetherÂ andÂ shareÂ allÂ profitsÂ andÂ lossesÂ accordingÂ toÂ theÂ partnershipÂ agreement. (b)TheÂ partnersÂ haveÂ liabilitiesÂ lim...

*Monday, July 25, 2016 by Will*

**Economics/Finance**

HowÂ muchÂ JimÂ canÂ accumulateÂ inÂ aÂ privateÂ pensionÂ fundÂ overÂ 20Â yearsÂ ifÂ theÂ fundÂ offersÂ 5%Â interestÂ compoundedÂ annually, andÂ heÂ canÂ affordÂ toÂ depositÂ $2,000Â atÂ theÂ endÂ ofÂ everyÂ 2ndÂ year? My textbook says the correct ...

*Monday, July 4, 2016 by Bill*

**Math: Personal Finance**

Over the past 30 years, interest rates have varied widely. The rate for a 30-year mortgage reached a high of 14.75% in July 1984, and it reached a low of 4.64% in October 2010. A significant impact of lower interest rates on society is that they enable more people to afford ...

*Wednesday, June 22, 2016 by Kinsey*

**Math: Personal Finance**

In order to buy a new car, you finance $20,000 with no down payment for a term of five years at an APR (Annual Percentage Rate) of 6%. After you have the car for one year, you are in an accident. No one is injured, but the car is totaled. The insurance company says that before...

*Wednesday, June 22, 2016 by Kinsey*

**Math: Personal Finance**

Find how much equity you will have on a $200000 mortgage at an APR of 7.2% and a term of 15 years. What percent of the principle is this?

*Wednesday, June 22, 2016 by Kinsey*

**Math: Personal Finance**

You want to buy a car. Suppose you borrow $15,000 for two years at an APR of 7%. What will your monthly payment be? How much interest will you have paid by the end of the loan? I've gotten half of the question right, but I'm not sure which half since I can't only see that I ...

*Wednesday, June 22, 2016 by Kinsey*

**Math: Personal Finance**

You find that the going rate for a home mortgage with a term of 30 years is 6.5% APR. The lending agency says that based on your income, your monthly payment can be at most $750. How much can you borrow?

*Wednesday, June 22, 2016 by Kinsey*

**Personal Finance**

According to a 2004 article by Doug Abrahms, the U.S. House of Representatives passed a bill to distribute funds to members of the Western Shoshone tribe. The article says: The Indian Claims Commission decided the Western Shoshone lost much of their land to gradual ...

*Monday, June 20, 2016 by Kinsey*

**Personal Finance**

What is the present value of an investment that will be worth $ 3000$ 3000 at the end of five years? Assume an APR of 6% compounded monthly.

*Monday, June 20, 2016 by Kinsey*

**Personal Finance**

Sue bought a six-month CD for $ 30003000 She said that at maturity it paid $ 128128 in interest. Assume this was simple interest, and determine the APR.

*Monday, June 20, 2016 by Kinsey*

**Personal Finance**

Suppose you buy a two-year CD for $10,000 from First Command Bank. Assume monthly compounding. Use the APR from the below Table 4.1 and the compound interest formula to determine how much interest the CD earns for you at maturity. The Table says APR is 3.84%

*Monday, June 20, 2016 by Kinsey*

**Personal Finance**

Suppose you buy a two-year CD for $10,000 from First Command Bank. The interest earned at maturity is $______. Use the APY (Annual Percentage Yield) from Table 4.1. The Table says APY for this is 3.9%

*Monday, June 20, 2016 by Kinsey*

**Economics**

A student taking economics, statistics, and finance has decided to spend 9 hours per week studying. The objective is to maximize the average grade, which means maximizing the total grade in the three courses. 1. How should the student allocate her time

*Wednesday, June 8, 2016 by tonya*