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. A corporate note is bought on 5/3/2005 and matures to $4000 on 5/9/2005. On
5/7/2005 this note is sold to a third party requiring 7%. Find the amount the
third person paid for the corporate note. Find the actual interest the original
holder lost on his investment.
. A corporate note is bought on 5/3/2005 and matures to $4000 on 5/9/2005. On
5/7/2005 this note is sold to a third party requiring 7%. Find the amount the
third person paid for the corporate note. Find the actual interest the original
holder lost on his investment.
7. Mitchell decided to lease a car for his new job. He makes a down payment of $1700 and payments at the end of each month of $233 for 3 years.
a) Write an equation to model the relationship between the total amount spent on the lease, A, and time, t.
b) Use the equation to determine what Mitchel will have paid by the end of the 1" year, and by the end of the 3rd year.
C) Draw a graph of the equation would look like for 0 to 4 years. What do you notice?
d) Write an equation to model only the amount spent in monthly payments over three years. How do you know this relationship is no longer a partial variation?
e) Another dealership offers Mitchell the same car, but with $1000 down and monthly payments of $272 for 3 years. Which lease should Mitchel choose? Why?
2. Trevor earns a base monthly salary of $1500 and a 10% commission on all sales, s. Write an equation that represents Trevor's monthly income, I?
3. Renting a BIXI bike in Montreal costs various prices depending on the time frame. Mr. Delaney is interested in renting a bike for the 3-day Osheaga festival in July. The rate is $5 for a 24-hour period and $1.75 for every 30 additional minutes following that.
a) Write a linear equation to model the cost, C, of the rental per hour, h.
b) How much will Mr. Delaney be charged if he has the bike for 27 hours?
If your earned income for 2021 will be $242,432, Calculate what you will pay in Social Security and Medicare taxes if Social Security is taxed at 6.2% at a maximum taxable income of $142,800 and Medicare is taxed at 1.45%
You are paid a base weekly salary of $362 and earn 6.5% commission on your sales at a furniture store. What is your total earnings for the year if you achieved a total sales of $231, 611.60?
Please note that have to show your work in detail
1. JCT Inc. common stock is selling for $50 a share. If the expected dividend at the end of the year is $1.20 and last year's dividend was $1.00, what is the rate of return implicit in the current stock price?
What is the corresponding annual effective interest rate equivalent to an effective annual discount
rate of 5% p.a.?
You are a financial advisor. A client of yours wants to know which of the following two options would earn more interest over 10 years: (a) Depositing $50 every month into a savings account with an annual interest rate of 6% compounded monthly, or (b) Depositing $600 every year into a savings account with an annual interest rate of 6%
