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Financial Math

Danny just answered a help wanted ad. The ad states that the job pays $37.5k. What would Danny’s monthly salary be if he gets this job?

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Question #230862

Financial Math

l wishes to provide herself, or her estate, with an income of $10,000 at the end of each year for 10 years. She will make a lump sum deposit when the account is established and add $3000 at the end of each year for 12 years. The income is to start at the end of the year following the year in which the last deposit was made. Compute the lump sum deposit. (All interest rates are 7 Percent Compounded annually)

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Question #230861

Financial Math

Michael is updating his estate plan for himself and his family. He would like to provide an income of $ 3000 every month starting 101 2 years from now and continuing for the next 20 years. He has started his account with an initial deposit of $ 10,000 and he knows his life insurance, maturing in five years, will have a cash value of $ 150,000. To make up the difference , Michael has decided to make monthly deposits in the account. How much should each deposit be if all interest is computed at 6 percent compounded monthly ?

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Question #230851

Financial Math

Dong Yuan financed a 25000 necklace for his wife, Mei Lien. If he will be making 36 monthly payments of 824.40, what rate of financing did he receive?

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Question #230850

Financial Math

Find the monthly payment on an auto loan of 200000 to be akortized over a 5-year period at a rate of 9%.

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Question #230299

Financial Math

to pay for an $18,600 car elsa made a down payment of $4500 and tok oout a loan for the rest. On the loan she paid monthly payments of $312.10 for 4 years What was the total amount Elsa ended up paying for the car (including the down payment and monthly payment? How much interest did Elsa pay on the loan

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Question #230248

Financial Math

You buy items costing $

2300

and finance the cost with a fixed installment loan for

months at

% simple interest per year.

What is the

finance charge?

What

your monthly payment

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Question #229534

Financial Math

Which one of the following journal entries is correct when payment for share issue expenses are made?

Select one:

a. Debit: Share issue expense; Credit: Bank

b. Debit: Trade payables; Credit: Bank

c. Debit: Bank; Credit: Trade payables

d. Debit: Bank; Credit: Share- issue expense

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Question #229394

Financial Math

Jill wishes to provide herself, or her estate, with an income of $10,000 at the end of each year for 10 years. She will make a lump sum deposit when the account is established and add $3000 at the end of each year for 12 years. The income is to start at the end of the year following the year in which the last deposit was made. Compute the lump sum deposit. (All interest rates are 7 Percent Compounded annually

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Question #229392

Financial Math

An account bearing interest at 6 percent compounded quarterly was established 15 years ago. The account balance now is $ 10,000. What was the initial amount when the account was established ?

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