Juan has a goal of saving up $53,967 by making biweekly (26 per
year) deposits into...
Juan has a goal of saving up $53,967 by making biweekly (26 per
year) deposits into a savings account for the next 6 years. If the
account has an annual interest rate of 1.3%, how much should each
of his deposits be?
It is now January 1. You want to start saving by making regular
deposits of $600 each, once every 6 months, in the bank. The first
payment will be made today. The bank pays an APR of 9% with
semiannual compounding. How much will be in your bank account after
13 years?
The Federal Deposit Insurance Corporation insures deposits up to
$250,000 per person per financial institution. Suzanne has $547,000
in a joint account with her husband, Ted. How much is not covered
by FDIC insurance?
A. $611,500
B. $48,050
C. $250,000
D. $0
E. $47,000
An engineer deposits $2,000 per month for four years at a rate
of 24% per year, compounded semiannually.
How much will he be able to withdraw 10 years after his last
deposit ?
An engineer has been making annual deposits of $5,000 for 10
years into a savings account earning 8% interest. He/she decides to
take a mid-life mini-retirement, and withdraws $5,000 for the next
5 years from the savings account (end of years 11, 12, 13, 14, and
15). At the end of the 5 year retirement they return to the
workforce and deposit $15,000 every year for the next 10 years (end
of years 16,17,....25). What is the Value of the...
You will make 4 deposits of $5,000 per year beginning in year 3.
How much will you have in the bank at year 10 at an interest rate
of 6%?
Simple interest
A person deposits $12,000 per year for 5 years, with
the first deposit made one year from the present. One year after
the last deposit, the person makes continuous withdrawals of $2,000
for the next 15 years. Find the effective annual ERR being earned
on this investment.
Thank you very much to whomever can give me the
solution and answer! ?
San Juan Insurance Company (SJIC) processes 14,000 insurance
claims per year. When a claim arrived, it waits for two days, then
a general-clerk check if its has been correctly filled. At any
time, the general-clerk has an average of twenty-eight claims.
Those that are correctly filled (80% of the total claims) are sent
to a junior-claim-adjuster, which usually takes four hours to
revise each claim. Those incorrectly filed are send back to the
customer. Then, the junior claim adjuster send...
6. You are saving for a new house and you put $25,000 per year
in an account paying 4.5%. The first payment is made today.
A.) How much will you have at the end of 3 years? (Show
Work)
B. Also build a table/schedule to show your account each year
(include beginning balance and ending balance each year, interest
earned).
You are saving for a new house and you put $20,000 per year in
an account paying 8%. The first payment is made today. How much
will you have at the end of 3 years?
A. $51,541.19
B. $55,665.29
C. $64,928.00
D. $70,122.24
E. $75,732.19
Ayayai Manufacturing has an annual capacity of 80,900 units per
year. Currently, the company is making and selling 78,300 units a
year. The normal sales price is $100 per unit, variable costs are
$65 per unit, and total fixed expenses are $2,000,000. An
out-of-state distributor has offered to buy 6,000 units at $70 per
unit. Ayayai's cost structure should not change as a result of this
special order. By how much will Ayayai's income change if the
company accepts this...