Financial Math Answers

If you pay 1.5% per month on the out standard balance of your master card bill what effective annual rate you being charged?

a company employee earns 40,000 per year. A self-employed person also earns 40,000 but pays 6,120 for social security and 1,600 per year for health plan. how much will each person have left over?

A Nigerian visiting India changed #70200 to rupees at the rate of #3 to 3 rupees. He spent 224000 rupees and invested the remaining amount in the state bank of India at 4.5 % simple interest per annum. At the end of 8months, he transferred the capital and interest to his account in the Modern bank of Nigeria at the rate of 21rupees to #2. What was the amount in naira, credited to his account to the nearest naira

Find the optimum number of batches (to the nearest whole number) of an item that should be produced annually (in order to minimize cost) if 300,000 units are to be made, it costs $2 to store a unit for one year, and it costs $440 to set up the factory to produce each batch.

A. 26 batches

B. 28 batches

C. 18 batches

D. 20 batches

Find the optimum number of batches (to the nearest whole number) of an item that should be produced annually (in order to minimize cost) if 300,000 units are to be made, it costs $4 to store a unit for one year, and it costs $300 to set up the factory to produce each batch.

A. 32 batches

B 47 batches

C. 34 batches

D. 45 batches

The net profit before taxes as per the profit and loss account, of Gaman Ltd is Rs 269244. With the given set of information, classify the given items as (operating / investing / financing), share the correct classification with logical reasoning

And calculate the cash flow from operating activities

Loss on sale of asset

95780

dividend income

26000

interest income

35000

finance cost paid on debentures

12000

gain on sale of investment

45000

Depreciation on fixed assets

85000

Amortisation Expenses

110000

On 15 November in each of the years 1964 to 1979 inclusive an investor deposited 500$ in a special bank savings account. On 15 November 1983 the investor withdrew his savings. Given that over the period of 15 Nov 1964- 15 Nov 1965 the bank used an annual interest rate of 7% and thereafter an interest rate of 6% for its special savings accounts, find the sum withdrawn by the investor.

A savings plan provides that in return for n annual premiums of X$, an investor will receive m annual payments of Y$ , the first such payments being made one period after payment of the last premium. Show that the equation of value can be written as either:

Ya(n+m)i −(X +Y)a(n)i = 0, or as (X +Y)s(m)i −Xs(n+m)i = 0

Suppose that X = 1.000, Y = 2.000, n = 10 and m = 10. Find the interest rate used in this transaction.

On his 25th birthday Yves deposited 2.500$ in a fund paying j1 = 10% and continued to make such deposits each year, the last on his 49th birthday. Beginning on his 50th birth- day, Yves plans to make equal annual withdrawals of 35.000$. How many withdrawals can be made? What additional sum paid with the last withdrawal will exhaust the fund? What sum paid one year after the last full withdrawal will exhaust the fund?