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...
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...
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