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Financial Math

Sarah had been contributing $300 pre-tax per month to a retirement account that pays 2.16% interest compounded monthly. After 10 years, she needs to withdraw 25% of the money from her account. If the early withdrawal penalty is 10% of the amount withdrawn, how much will she have to pay? A. $1003.59 B. $40,143.57 C. 4,014.36 D. 10,035.89

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Question #254773

Financial Math

Which of the following statements is false for a person wanting to use and file a Form 1040EZ tax return? A. Taxable income is less than 100,000 B. No more than two dependents, in addition to the tax payer plus spouse C. Taxable interest is not over $1,500 D. Filing status is either single or married filing jointly only

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Question #254765

Financial Math

Jane plans to retire in 30 years and would like to have $500,000 in her account. If the interest on her account is 3.92% compounded monthly, how much should she put into her account every month? A. 1,633.33 B. 1,388.89 C. 730.74 D. 653.33 Which would result in the need for a larger monthly deposit to a retirement account with the same ending balance? A. Half the number of years before the money is withdrawn from the account B. Half the interest rate

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Question #254763

Financial Math

Jane plans to retire in 30 years and would like to have $500,000 in her account. If the interest on her account is 3.92% compounded monthly, how much should she put into her account every month?

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Question #254760

Financial Math

Rick opened an investment account which earns 2.91% interest compounded monthly. He deposited $150 every month for 40 years. How much interest had he earned during that time? A. $72,000 B. 135,971.68 C. 65,023.14 D. 63,971.68

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Question #254756

Financial Math

Jeni has decided that she needs to start saving for her retirement. She can afford $100 a month deducted automatically from her paycheck. She deposits it into an account that earns 4.5% interest compounded monthly. How much will she have in her account when she retires 42 years later? A. $ 14,922.70 B.$ 50,400.00 C. $132,213.00 D. $149,226.96

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Question #254707

Financial Math

You decided to purchase a to P50,000 LED TV through a credit card. After a

month, you discovered from your statement that you were charge with to

P1,000.00 interest. How much was the monthly interest rate applied to your

credit card purchase?

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Question #254536

Financial Math

Jeffrey work 360 hours during the month of April 2016 and he was paid at the rate of shillings 100 hour during this month he completed three jobs the following additional information was provided

Job. No of hours

A. 160

B. .. 120

C. .............80

Quiet calculate the labour costs chargeable to these three jobs on the assumption that the jobs are completed only by him

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Question #254388

Financial Math

Note the following (charges@ beginning of each month

1. Bought a car for 16250 and made down payment of 7.5%

2. Paid with visa for winter dress for 927

3. TTC bus pass for 6 months paid 311

4. Lawn mover for 1156

Had a meeting with Scotiabank to consolidate the debt into two classes

Class A the car loan plus bus pass

Class B the others.

If I want to pay class A over 6 years how much should I pay month at interest of 2% monthly

If am paying of class B by regular payments of 165 monthly how long will it take me to knock off the loan at 18% per annum.

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Question #253727

Financial Math

Maria invested R15000 for period of 5 years at interest rate of 10%per annum compound semi annually.what amount of interest will she earn on the last 18 months of her investment?

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