859 Answered Questions for the topic finance

02/14/20

equivalent of $15000 in 5 years based on inflation forecast

Inflation is forecast at 2% for the next 2 years and 3% thereafter. If you expect to receive $15,000 in 5 years' time, what is its equivalent in todays dollars?

02/11/20

What is the effective interest rate for a credit card advertised at 28% interest compounded daily?

What is the effective interest rate for a credit card advertised at 28% interest compounded daily?by which formula?

02/11/20

Paying of loan in 9 months

How much interest will someone pay on a loan of 10 000$ if this person paying the loan of in 9 months and the loan rate is 4%?Which formula is suitable for this? Is 10 000$ PMT?
Finance

02/10/20

Finance math - how to do?

Given 𝑑^(4) = 6%, find 𝑖^(6) , 𝑣 and δ.
Finance

02/07/20

Homestead Act or law

In Texas, if a property owner used his 5 acres to promise to pay off a builder to build a house on it for him but didnt finish paying off the builder can he lose all of his property and the house?
Finance

02/07/20

Financial Mathematics - how to solve?

Winston deposits $10 into a fund today and $20 fifteen years later. Interested is credited at a nominal discount rate of đť‘‘ compounded quarterly for the first 10 years, and a nominal interest rate... more

02/06/20

Determine the Present Value of an Annuity

Dave, a recent retiree, receives his $600 pension at the END of each month. He will receive thispension for 20 years. If Dave can invest his funds at an interest rate of 10 percent... more

02/06/20

Determine the Future Value of an Annuity

You have instructed your employer to deduct $100 from your paycheque at the End of everymonth and automatically invest the money at an annual interest rate of 5 percent compoundedannually. You... more

02/06/20

Determine the Future Value of an Annuity

You have instructed your employer to deduct $100 from your paycheque at the end of everymonth and automatically invest the money at an annual interest rate of 5 percent compoundedannually. You... more
Finance

02/04/20

What is the accumulated future value of those annual amounts over 21 years if the annual earnings were invested regularly and provided a 4 percent return each year?

Throughout this book, we will present a continuing narrative about Victor and Maria Hernandez. Following is a brief description of the lives of this couple.Victor and Maria, both in their late 30s,... more

02/01/20

what will be the value of the fund after three years

Megan is already looking ahead to graduation and a job, and she wants to buy a new car not long after her graduation. If after graduation she begins an investment program of $2,400 per year in an... more
Finance

01/31/20

What is $600 at 5% interest for 2 years?

What is $600 at 5% interest for 2 years?
Finance

01/31/20

what is the present value of that stream of payments?

Megan's Aunt Karroll told her that she would give Megan $1,100 at the end of each year for the next three years to help with her college expenses. Assuming an annual interest rate of 5 percent,... more
Finance

01/31/20

what will be the value of the fund after three years?

Megan is already looking ahead to graduation and a job, and she wants to buy a new car not long after her graduation. If after graduation she begins an investment program of $2,400 per year in an... more

01/27/20

There are many places in the world in which people live in severe poverty. So... Is it wrong to buy an expensive, luxury meal when there are people dying of starvation?

There are many places in the world in which people live in severe poverty. There are places in our very city where people live without food or shelter. So...Is it wrong to buy an expensive, luxury... more

Reasons behind categorization of banks

Reasons behind categorization of banks

01/22/20

Finance Question 2

Mr. and Mrs. Wagner are getting ready to drive across the USA from Philadelphia, PA to Los Angeles, CA in five days. The distance is approximately 3,000 miles. The average price of gasoline is... more

01/22/20

Finance math question

Roseanne works at a local shop for 30 hours per week. She makes $12 an hour, which is California's minimum wage as of 2019. Taxes (federal, state, and social security) deduct 28% of her gross pay.... more
Finance Math

01/18/20

After a certain number of years, an investment of $6390 earning simple interest at 7.75% was worth $20 751.53.

How many years was the money invested?

01/18/20

accounting question

indicate whether each of the following accounts represents an asset, liability, or owner's equity: a.   Accounts payable   b.   Wages expense   c.   Capital   d.   Accounts... more

01/18/20

accounting true or false questions

Depreciation Expense can be used in preparing adjusting entries  True  False Wages Payable can be used in preparing adjusting entries.  True  False Accumulated Depreciation can be use din... more

01/18/20

accounting question

Short-term liabilities are those liabilities that a. will be paid in less than one year b. are due to be paid in 5 to 10 years c. are due to be paid in more than one year d. are... more

01/17/20

accounting question

Which of the following pairs of accounts could not appear in the same adjusting entry? a. Service Revenue and Unearned Revenue b. Interest Income and Interest Expense c. Rent Expense and... more

01/10/20

Averaging percentages

How do you find the average for 3 percentages?

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