Tyler & Megan have a combined income of $105,000 per year. Neither Tyler's or Megan's employers have a matching plan. Each person will invest 15% of his/her income If the...

Tyler & Megan have a combined income of $105,000 per year. Neither Tyler's or Megan's employers have a matching plan. Each person will invest 15% of his/her income If the...

Wolverine deposits $1500 in a retirement savings plan at the end of every 6 months for 20 years. The money earns 11% per year compounded semi-annually. After 20 years, Wolverine coverts the retirement...

Farnaz must repay her $17000 student loan. She can afford to make monthly payments of $325. The bank's interest rate is 7.2% compounded monthly. Determine how long it will take Farnaz to repay her...

Matt is saving to buy a new motorcycle. If he deposits $40 at the end of each month in an account that pays an annual interest rate of 4.5%, how much will he have in 30 months? Assume that the compounding...

You deposit $4,000 in a savings account at a bank that has a rate of 4% compounded quarterly. Find the amount of money in the account after 5 years.

Hector and Yolanda want to establish a fund for their grandson's college education. What lump sum must they deposit at a 6.7% annual interest rate, compounded monthly, in order to have $30,000 in...

Deep's property tax is $626.78 and is due April 15. He does not pay until July 6. The county adds a penalty of 7.3% simple interest on unpaid tax. Find the penalty Deep will pay. (Assume there are...

Hi, I have the following homework problem: "Here are a new company’s Revenues and Expenses for its first six months of operations Revenues Expenses Month 1 $9,000 $18,000 Month...

If some spends 2,852 on metal roofing and 1,800 on labor and took out a loan to cover the cost at 8.75 percent for 6 months how much was the loan

What is the present value of an asset that yields $1,500 in 5 years & $3,000 in 10 years if the discount rate is 8%?

Use the information below for the Greek Corporation to answer the following questions. Balance Sheet Accounts of Greek Corporation Account Balance 12/31/2014 Accumulated depreciation $3,060 Accounts...

Here is the question: A student takes on $30,000 of debt in September 1 of 2016 at an annual interest rate of 8%. She makes no payments while in school. On November 1, 2019 she...

Assume that you want to retire in 30 years. You intend to invest $200 per month into a mutual fund that you expect to return 12% per year (1% monthly). If you continue making these monthly investments...

Dear heros, i would like to create a exel formula for commercial commissions which will start from 5% if the deal is =<500,000 then it would be decreased till reach...

Mrs. Alford invested $5100 in securities. Part of the money was invested at 2% and part at 5%. The total annual income was $138.

I am reading a book by Robert Kioysaki and he explains that during a lifetime, you will face 4 gorillas. One of the gorillas is higher taxes. He breifly says how whenever money is printed, taxes are...

You would like to have $750,000 when you retire in 25 years. How much should you invest each quarter if you can earn a rate of 4.2% compounded quarterly? a) How much should you deposit each...

My finance class hasn't begun time value yet but it's part of our homework. Help?

Assume tht the operationof your business resulted in sales of $370,000 last year. Year-end receivables are $100,000. You are considering factoring the receivables to raise cash to help finance your...

Suppose you have $1.5 million loan with semi-annual installments over 10 years. How much do you pay towards the principal in the second installment if the interest rate of this loan is 1.8% compounded...