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Finance
Question 3
Without using finance calculator,
Tisha B plans to retire from nursing at age 65 and hopes to withdraw RM 25,000 per year from her retirement plan until she is 90.
(a) If money earns 8% per year compounded annually, how much will she need at age 65?
(b) If she deposits RM 2000 per year into her retirement plan beginning at age 32, and if the retirement plan earns 8% per year compounded annually, will her retirement account enough for her to meet her goals?
Without using finance calculator,
Tisha B plans to retire from nursing at age 65 and hopes to withdraw RM 25,000 per year from her retirement plan until she is 90.
(a) If money earns 8% per year compounded annually, how much will she need at age 65?
(b) If she deposits RM 2000 per year into her retirement plan beginning at age 32, and if the retirement plan earns 8% per year compounded annually, will her retirement account enough for her to meet her goals?
Finance
Question 2
Without using finance calculator,
(a) Haziq invests RM15,000 in a fund at 7% compounded quarterly. After t years, the value of the investment is RM300,000. Determine the value of t.
(b) Sarah invested RM5000 into an account that pays 5% compounded semiannually. She intended to keep the account untouched for 5 years. However, after 3 years, she had to withdraw RM3000. Find the amount left in the account after five years from the time she made her investment.
Without using finance calculator,
(a) Haziq invests RM15,000 in a fund at 7% compounded quarterly. After t years, the value of the investment is RM300,000. Determine the value of t.
(b) Sarah invested RM5000 into an account that pays 5% compounded semiannually. She intended to keep the account untouched for 5 years. However, after 3 years, she had to withdraw RM3000. Find the amount left in the account after five years from the time she made her investment.
Finance
Question 1
Without using finance calculator,
(a) What sum of money will become RM 15,000 in three years at a simple interest rate of 8% per annum?
(b) A certain sum of money is invested now. This investment will be worth RM5500 after fifteen months and RM5800 after twenty-four months. Find the original principal and the simple interest rate that was offered.
(c) A finance company charges a simple interest of 18% per year for short-term loans. If a loan of RM 15,000 was charged RM 337.50, how long was the term of the loan?
Without using finance calculator,
(a) What sum of money will become RM 15,000 in three years at a simple interest rate of 8% per annum?
(b) A certain sum of money is invested now. This investment will be worth RM5500 after fifteen months and RM5800 after twenty-four months. Find the original principal and the simple interest rate that was offered.
(c) A finance company charges a simple interest of 18% per year for short-term loans. If a loan of RM 15,000 was charged RM 337.50, how long was the term of the loan?
Finance
Without using finance calculator,
(a) What sum of money will become RM 15,000 in three years at a simple interest rate of 8% per annum?
(b) A certain sum of money is invested now. This investment will be worth RM5500 after fifteen months and RM5800 after twenty-four months. Find the original principal and the simple interest rate that was offered.
(c) A finance company charges a simple interest of 18% per year for short-term loans. If a loan of RM 15,000 was charged RM 337.50, how long was the term of the loan?
(a) What sum of money will become RM 15,000 in three years at a simple interest rate of 8% per annum?
(b) A certain sum of money is invested now. This investment will be worth RM5500 after fifteen months and RM5800 after twenty-four months. Find the original principal and the simple interest rate that was offered.
(c) A finance company charges a simple interest of 18% per year for short-term loans. If a loan of RM 15,000 was charged RM 337.50, how long was the term of the loan?
Finance
Without using finance calculator,
Noel bought a house by making a down payment of RM 45,000. The balance was borrowed from a bank which charged interest of 7% compounded monthly for 25 years with monthly payments of RM 1413.56.
(a) Find the amount borrowed.
(b) What is the market price of the house?
(c) If he failed to make the first 5 payments, how much should he pay on the 6th payment to settle all the outstanding arrears?
Noel bought a house by making a down payment of RM 45,000. The balance was borrowed from a bank which charged interest of 7% compounded monthly for 25 years with monthly payments of RM 1413.56.
(a) Find the amount borrowed.
(b) What is the market price of the house?
(c) If he failed to make the first 5 payments, how much should he pay on the 6th payment to settle all the outstanding arrears?
Finance
without using finance calculator,
Refer to Johan's investment account, i.e. the monthly deposits made into his investment account:
Year Monthly deposits
2017 SR 500
2018 SR 400
2019 SR 700
Find the value of his investment at the end of 2019 if the investment rate was 12% compounded monthly. Find also the interest earned.
Refer to Johan's investment account, i.e. the monthly deposits made into his investment account:
Year Monthly deposits
2017 SR 500
2018 SR 400
2019 SR 700
Find the value of his investment at the end of 2019 if the investment rate was 12% compounded monthly. Find also the interest earned.
Finance
without using finance calculator,
Tisha B plans to retire from nursing at age 65 and hopes to withdraw RM 25,000 per year from her retirement plan until she is 90.
(a) If money earns 8% per year compounded annually, how much will she need at age 65?
(b) If she deposits RM 2000 per year into her retirement plan beginning at age 32, and if the retirement plan earns 8% per year compounded annually, will her retirement account enough for her to meet her goals?
Tisha B plans to retire from nursing at age 65 and hopes to withdraw RM 25,000 per year from her retirement plan until she is 90.
(a) If money earns 8% per year compounded annually, how much will she need at age 65?
(b) If she deposits RM 2000 per year into her retirement plan beginning at age 32, and if the retirement plan earns 8% per year compounded annually, will her retirement account enough for her to meet her goals?
Finance
without using finance calculator,
(a) Haziq invests RM15,000 in a fund at 7% compounded quarterly. After t years, the value of the investment is RM300,000. Determine the value of t.
(b) Sarah invested RM5000 into an account that pays 5% compounded semiannually. She intended to keep the account untouched for 5 years. However, after 3 years, she had to withdraw RM3000. Find the amount left in the account after five years from the time she made her investment.
(a) Haziq invests RM15,000 in a fund at 7% compounded quarterly. After t years, the value of the investment is RM300,000. Determine the value of t.
(b) Sarah invested RM5000 into an account that pays 5% compounded semiannually. She intended to keep the account untouched for 5 years. However, after 3 years, she had to withdraw RM3000. Find the amount left in the account after five years from the time she made her investment.
Finance
Without using finance calculator,
(a) What sum of money will become RM 15,000 in three years at a simple interest rate of 8% per annum?
(b) A certain sum of money is invested now. This investment will be worth RM5500 after fifteen months and RM5800 after twenty-four months. Find the original principal and the simple interest rate that was offered.
(a) What sum of money will become RM 15,000 in three years at a simple interest rate of 8% per annum?
(b) A certain sum of money is invested now. This investment will be worth RM5500 after fifteen months and RM5800 after twenty-four months. Find the original principal and the simple interest rate that was offered.
Finance
A monopolist demand function is given by; P=Q2-10Q+28 and cost function; C=Q2. If the firm is causing a pollution to the society valued at MC=3, solve for the social optimal level of output and price. What should be the tax level?
