How much did justin originally win

Assignment Help Financial Management
Reference no: EM131831926

Kelly and Justin each win monetary prizes on the TV show US Icon. Kelly immediately deposits her money in an account paying 6.2 percent effective, while Justin immediately deposits his in an account paying 5.5 percent effective. After 6 years, they decide to get married, and discover that they have a total of 72106.93 dollars combined in their two accounts. If the sum of their original prizes was 51000 dollars, how much did Justin originally win?

Reference no: EM131831926

Questions Cloud

Convertible quarterly and the present value of investment : If the nominal rate is 7.8 percent convertible quarterly and the present value of the investment now is 17600 dollars, how large is the first payment?
Use of rfid technology within supply chains : The use of RFID technology within supply chains around the globe has helped reduce supply chain management costs incurred through American businesses
What is ben''s basis in the real estate after beth death : Beth, who died in January 2012, was survived by her husband, Ben. What is Ben's basis in the real estate after Beth's death
What is the estimated number of hours for shortest suffering : An investigator polls common cold sufferers, asking them to estimate the number of hours of physical discomfort caused by their most recent colds.
How much did justin originally win : Kelly and Justin each win monetary prizes on the TV show US Icon. how much did Justin originally win?
Budgeted a specific dollar amount : Imagine for a moment that you budgeted a specific dollar amount for groceries and had you go purchase what you needed for the week.
What amount if any is michael entitled to deduct : Without regard to any passive loss limitation or any at risk rule limitation, what amount, if any, is Michael entitled to deduct with respect to the loss
Define the goal of a queuing system : Define the goal of a queuing system. What are the four necessary pieces of information needed to build a queuing system?
What are other assumed liabilities : What are the 3 commonly used definitions of purchase price in the negotiation phase, What are other assumed liabilities?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd