Financial Math Answers

A HUMAN RESOURCE MANAGER IS CONSIDERING REPLACING TRADITIONAL PROGRAM WITH A NEW VIRTUAL TRAINING PROGRAM FOR NEW 10 EMPLOYEES THE SALARY OF THE HUMAN RESOURCE STAFF IS $20 PER HOUR, AND SALARY OF NEW EMPLOYEES IS $12.50 PER HOUR. ASSUMING THE QUALITY OF PROGRAM IS EQUAL, WHICH THE MOST COST EFFICIENT?
(PROGRAM A: PROGRAM COST $14,000 ;ADMINISTRATION FEE $145 ;HR STAFF NEEDED 3 ; HOURS TO COMPLETE TRAINING 25)
(PROGRAM B: PROGRAM COST $13,000 ; ADMINSTRATION FEE $170 ;HR STAFF NEEDED 4 ;HOURS TO COMPLETE TRAINING 28)
(PROGRAM C : PROGRAM COST $14,500 ;ADMINSTRATION FEE $140 ; HR STAFF NEEDED 4 ; HOURS TO COMPLETE TRAINING 25)
(PROGRAM D : PROGRAM COST $16,000 ; ADMINSTRATION FEE $130 ; HR STAFF NEEDED 3 ; HOURS TO COMPLETE TRAINING 30)

Debbie McAdams paid 4% interest on a $6,500 loan balance. Jan Burke paid $7,130 interest on a $57,500 loan. Based on 1 year:

a. What was the amount of interest paid by Debbie? $260



b. What was the interest rate paid by Jan? (Round your answer to the nearest tenth percent.) 12.4%



c. Debbie and Jan are both in the 28% tax bracket. Since the interest is deductible, how much would Debbie and Jan each save in taxes? (Round your answers to the nearest cent.)

I need help figuring this out and there is no sample in my book.

Maria has a chronic disease, a kidney disease, and needs dialysis. The cost is $73,000 a year, subject to a $1,000 deductible, 20% co-insurance plus 12 doctor visits at $250 each with a $50 co-pay per visit. If she has a 20% co-insurance and no out-of-pocket maximum, Marie would have to pay $1,000 plus $14,400 plus $600, or $16,000.
This payment is, potentially, $16,000 every year since the disease is chronic. With a $3,000 out-of-pocket maximum, which includes the deductible, co-pays, and co-insurance, the medical expense is capped at how much per year?

You have ​$600 in an account which pays 4.5​% compounded annually. How many additional dollars of interest would you earn over 9 years if you moved the money to an account earning 6.8​%?

Suppose that you deposit $200 each month into a retirement account earning 6% interest for years, and then stop making and leave the money earning interest for another 20 years. How much will you end up with? How much did you contribute?

Sam purchased 500 company shares at $3.20 per share. Brokerage fees were 1.5% of the purchase price. Sam is paid a dividend of 26 cents per share, then immediately sells the shares for $4.80 each. If he pays no further brokerage fees, what is Sam’s total profit?

Which options that earns a higher interest?
Option 1: a person invested $4000, he is offered an interest of 5,7 (compunded monthly) for two years.

Option 2: a person invested $4000, he is offered an interest of 5,9(compunded annually) for two years.

Kathy owned several real estate properties. She had pay Federal taxes on her income and property taxes on the taxes on the properties. What be another major cost of her investment?

​Ovit, Inc. has preferred stock with a price of $ 19.55 and a dividend of $ 1.35 per year. What is its dividend​ yield?

The dividend yield is
​__%. ​ (Round to one decimal​ place.)

You spend $35 setting up a lemonade stand. It costs you $0.30 in supplies. To make each glass you charge $.75. How many glasses of lemonade do you have to sell to break even?