1,238 Answered Questions for the topic finance

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
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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
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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
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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
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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
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Finance

01/31/20

What is $600 at 5% interest for 2 years?
What is $600 at 5% interest for 2 years?
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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
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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
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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
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01/26/20

Reasons behind categorization of banks
Reasons behind categorization of banks
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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
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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
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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?
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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
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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
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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
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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
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Finance Math

01/16/20

Regular payments of $405 every 6 months for the next 12 years. The annuity earns 3.75%/a compounded semi-annually, and the first payment will be in 6 months.
Determine the current value of the investment.
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01/10/20

Averaging percentages

How do you find the average for 3 percentages?
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01/09/20

Rank in order (Highest to Lowest) change in operating expenses from year 1 to year 2
Question: Rank in order from highest (1) to lowest (5) in terms of the change in operating expensesKey: m = millionoperating expenses:A - year1=12.8m & year2=9.9mB - year1=25.1m &... more
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01/09/20

Rank in order (Highest to Lowest) change in operating expenses from year 1 to year 2
Question: Rank in order from highest (1) to lowest (5) in terms of the change in operating expensesKey: m = millionoperating expenses:A - year1=12.8m & year2=9.9mB - year1=25.1m &... more
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Finance

12/20/19

Laura works at Pizza-getti. Last month she received an average tip of $8 from her 75 tables. She gets paid $5.25 an hour and worked 150 hours last month. How much was her gross pay for the month
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12/19/19

Whats the purpose of S&P 500 futures?
If the S&P 500 is at a level of 2500 then the market value of a futures contract is 2,500 x $250 or $625000. So whats the point of buying a contract if as of December 12/18/2019 the total share... more
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Finance Annuities

12/19/19

How do you solve this annuities problem?
Question: Kenny wants to invest $250 every 3 months at 5.2%/a compounded quarterly. He would like to have at last $6500 at the end of his investment. How long will he need to make regular payments?
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Finance

12/17/19

Compound Interest: A calculated depletion of one's retirement account
If my savings account has P dollars gaining r percent each year and I want to withdraw D dollars monthly until zero dollars remain after N years, how much do I withdraw each month?
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