58 Answered Questions for the topic Personal Finance

How much should you invest each month in order to have $600,000 if your rate of return is 4.8% compounded monthly and you want to achieve your goal in 40 years?

How much should you invest each month in order to have $600,000 if your rate of return is 4.8% compounded monthly and you want to achieve your goal in 40 years?   How much interest will you... more
Personal Finance

12/15/16

Regardless of where you shop for credit the cost of a given amount of credit is the same

Regardless of where you shop for credit, the cost of a given amount of credit will be the same. True or false  
Personal Finance

12/10/16

if a man originally paid $4800 in property taxes, what will his new tax payment be if he saves 8% this year?

i really need help
Personal Finance

10/21/16

Time Value of money

Am 20 years old. I smoke, which cost me $200 per day. I expect to retire in the next 50 years. Actually I earn 7% annual interest on the money. a)How much will I accept today so that I stop... more
Personal Finance

10/11/16

Variable expenses are those that come up in set amounts at specific times.

True False
Personal Finance Financial Literacy

04/23/16

Personal Finance

Ashley lives in a house with a value of 200,000. She has a mortgage of $150,000. She owes $6,000 on her car, which is valued at $18,000. She has a credit card balance of $800. Ashely also has... more
Personal Finance

03/03/16

Problems and activities

Annie’s mortgage statement shows a total payment of $699.12, with $604.60 paid toward principle and interest and $94.52 paid for taxes and insurance. Taxes and insurance for 3 months were collected... more
Personal Finance

02/25/16

What procedures should you follow to seek redress for a consumer problem?

I dont get it please help me!  
Personal Finance

02/25/16

Problems and activities

Rico needs approximately $2,500 to buy a new computer. a 2-year unsecured loan through the credit union is available for 12 percent interest. The current rate on his revolving home equity line is... more
Personal Finance

02/04/16

Not sure how to go about this

Maria, a young mother is preparing to file her 2014 income tax return. Her husband , who was tragically killed in a boating accident in the summer of 2014, always handled the tax filing. Assuming... more
Personal Finance

02/04/16

Not understanding

the less, a family of two adults and two dependent children under age 16, had a gross annual income of 68,000 for 2014. Determine their standard deduction, exemption, and child tax credit amounts,... more
Personal Finance

02/04/16

I'm not good at understanding the way to determine the gross and do deductions

the less, a family of two adults and two dependent children under age 16, had a gross annual income of 68,000 for 2014. Determine their standard deduction, exemption, and child tax credit amounts,... more
Personal Finance

01/28/16

Problems and activities.

Paul Ramos just graduated from college and landed his first "real" job, which pays $23,000 a year. In 10 years, what will he need to earn to maintain the same purchasing power of inflation averages... more
Personal Finance

01/28/16

Not good at using a financial calculator..The following is my question

Linda Baer has saved 5,000 to buy a prev owned vehicle. Ignorlong taxes and assuming her money is invested in a flexible withdrawal CD earnings 5 percent Compounded annually , how long will it take... more
Personal Finance

01/28/16

Have to use a financial calculator but I don't have one... Can anyone help?

your mother just won $250,000 for splitting a Nobel prize with three coworkers. If she invests her prize money in a diversified equity  portfolio returning 8 percent per year, approximately how... more
Personal Finance

01/26/16

An item is $450 is now $520. Calculate percentage of increase or decrease

 Round the percent off to one decimal place   
Personal Finance

12/14/15

i have a loan for 2000.00 at 5% simple interest on a declining balance. i am making 2 equal payments over 1 year. what will my payments be?

the payments would be in january and in july. I know 1 years simple interest is 100. so my total is 2100, but i'm not sure how the declining balance figures in.
Personal Finance

11/12/15

Nicole bolton purchased a new rug for $287 and a vacuum cleaner for 121. What is the sales tax uf she lives in iowa where the sales tax rate us 6%

Nicole bolton purchased a new rug for $287 and a vacuum cleaner for 121. What is the sales tax uf she lives in iowa where the sales tax rate us 6%  
Personal Finance

10/21/15

What form of payment offers the least protection against fraud or theft?

Select the best answer from the choices provided.   cashcheckscredit cardsdebit cards
Personal Finance Economics Intro In Business

10/20/15

the government decides what to produce and how it will be produced...... true or false

i mean i really don't know what to say on this part. i really just need answer to my questions that i ask
Personal Finance

10/04/15

What is your total balance due this period if the card’s fees are calculated via the adjusted balance method?

You had a $2,700 balance last month after your payment on your credit card. You charged one pair of shoes on the 10th for $270. Your card has a minimum finance charge fee of $5 per month and an APR... more
Personal Finance Math Math Help Piecewise Function

09/16/15

Can you find the difference between the cost of a 15-line ad and a 17-line ad, without finding out the cost of each ad first? Explain.

Mike is a veterinarian. He is placing a 9-line ad for an assistant. The following piece wise function gives the price of an x-line ad. a(x)=45 when x<3. a(x)=45+9(x-3) when x>3. Can you find... more
Personal Finance

05/20/15

Furniture offered on credit for four years,

I want to buy furniture offered to me on credit at an APR of 16%, with a maximum term of 4 years. The furniture cost $2,800, with no downpayment. What will I pay monthly if I borrowed for four years?
Personal Finance

05/05/15

Find a formula for the remaining balance B, in dollars, after t monthly payments

Assume that you have a balance of $3000 on your American Express credit card and that you make no more charges. Assume that American Express charges 21% APR and that each month you make only the... more
Personal Finance

05/04/15

Find a formula for the remaining balance B, in dollars, after t monthly payments.

Assume that you have a balance of $3000 on your American Express credit card and that you make no more charges. Assume that American Express charges 21% APR and that each month you make only the... more

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