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Math: Finance
Need help solving these finance questions? PV = C/r PV= C/rg P= D/rg 1st: Tom is 30 years old today. His salary next year will be $20,000. He forecasts salary growth of 5%/year and plans to retire at 60. 1) If the discount rate
asked by Karla on October 8, 2014 
Finite Mathematics
Jessica wants to accumulate $14,000 by the end of 5 yr in a special bank account, which she had opened for this purpose. To achieve this goal, Jessica plans to deposit a fixed sum of money into the account at the end of the month
asked by Salvany on February 7, 2011 
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The DerrMcGee Manufacturing Company plans to build a new $50,000 warehouse seven years from now. They plan to accumulate the $50,000 in an account before beginning construction. If money is worth 7% compounded annually, how much
asked by anonymous## on August 1, 2011 
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Finally, Kevin has a client who would like to invest into an account that earns 3.2% interest, which is compounded annually. The client opens the account with an initial deposit of $4,000, and deposits an additional $4,000 into
asked by Kim on November 9, 2017 
finance
Mrs. Kay who is 24 years old plans to retire at the age of 60. Mrs. Kay would like to be able to withdraw $120,000 per year from her retirement account for 40 years after retirement beginning a year after her retirement. She
asked by julia on April 17, 2013 
MATH
During the 1st year at university, Erica¡¦s father had been sending her $1,000 per month for incidental expenses.Starting from the 2nd academic year, her father decided instead to make a deposit into a savings account on August
asked by Anonymous on October 16, 2016 
qmds
During the 1st year at university, Erica¡¦s father had been sending her $1,000 per month for incidental expenses.Starting from the 2nd academic year, her father decided instead to make a deposit into a savings account on August
asked by Anonymous on October 15, 2016 
bussiness fianace.
• You deposit $5,000 into a 3year certificate of deposit account that pays an annual compound interest of 3.0%. When the CD period is up, you roll the entire balance over into another 3year CD paying 3.5%. How much will you
asked by Anonymous on August 21, 2012 
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Mr Srinivasan invests $55 000 in a fixed deposit account. The interest rate is 3.3 % per year. How much money will he have in the account after 1 year?
asked by Zayn on October 4, 2012 
personal finance
After a protracted legal case, Joe won a settlement that will pay him $11,000 each year at the end of the year for the next ten years. If the market interest rates are currently 5%, exactly how much should the court invest today,
asked by laura on November 10, 2009