Finance Answers

Many people think that being wealthy means you own “a lot of stuff”. However, it turns out that the number of things you have does not determine your wealth. Watch this video to learn more about what wealth means. Then, answer the following questions.

Your friends and you notice a classmate who always has brand new clothes, shoes, and electronics. What would you need to know in order to tell if this classmate’s family is actually wealthy?

what are the Pros and Cons of contracts on behalf of manufacturers & contracts on behalf of contractees?

Acceleron Inc. is planning to expand its present facilities. The company will make the move when its real estate sinking fund has a total value of P1.2 million. If the fund currently has P400,000 and the company adds P50,000 per year, how many years will it take for the account to reach the desired value, if it earns interest at a rate of 10% per year?

An engineering technology group just purchased new CAD software for P85,000 now and annual payments of P15,000 per year for six years starting 3 years from now for annual upgrades. What is the equivalent annual cost of the all the payments made if the interest rate is 8% per year?

If the balance sheet of a business shows positive equity, but is short on cash, but has a large accounts receivable balance, what would you suggest to the owner to ensure that the company can pay its liabilities on time?

Regulations are describe as laws to keep parameters of systems running smoothly and within the prescribed preset of limits of the systems knowing the elements and objectives of regulations describe the regulations of a short term and long term insurance industries in south Africa

sarah transported 12,500$ in a bank 4 years back. she earned today a total amount of 15,500$ what was the rate of interest charged for her investmeny

1. Suppose you wish to invest N$2,000 today so that you have N$6,000 six years from now. What must the annual interest rate be to achieve your goal if interest is compounded monthly? [4]

2. Assume that the current rate of inflation on housing is estimated at 10% per annum. Lydia's house is currently valued at N$ 450 000.
(a) How much could you expect to sell it for in 5 years? [3]
(b) Is it worthwhile to sell your house now or in five years, justify your answer? [2]

3. You want to buy a cellphone at the end of the year which will cost you N$ 4500. Assume on 1 January 2020 you open up a Unit trust which pays 6.5% interest per month. How much should you invest (starting from January) to yield N$4500 in December 2020? [4]

4. According to a survey carried out in 2019, the biomass of crabs in a particular region was estimated to be 5 350 MT. In 2014, the biomass was estimated to be 3 897 MT. Calculate the annual rate of growth of the crab’s population? [4]

1. m'r X deposits 8000$ at the end of each quarter into a fund earning interest at 12% compound quarterly.
a, find the total amount at the end of 6 years.
b.How much is the interest earned?
2. how long does it take to double your money, if the end interest rate is 8% per year compounded annually