Reference no: EM133022919
Questions -
Q1-Marissa made equal deposits at the beginning of every 3 months into an RRSP. At the end of 8 years, the fund had an accumulated value of $45,000. If the RRSP was earning 4.50% compounded monthly, what was the size of the quarterly deposits?
Q2-Robert received a $29,350 loan from a bank that was charging interest at 4.50% compounded semi-annually.
a. How much does she need to pay at the end of every 6 months to settle the loan in 5 years?
b. What was the amount of interest charged on the loan over the 5-year period?
Q3-Lush Gardens Co. bought a new truck for $60,000. It paid $6,000 of this amount as a down payment and financed the balance at 4.24% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? years? months?
Q4-You plan to save money for a down payment of $32,000 to purchase an apartment. You can only afford to save $6,000 at the end of every 6 months into an account that earns interest at 5.50% compounded monthly. How long will it take you to save the planned amount? years? months?
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Is the variable cost from the cost of unit sold
: The company reported a $2,700,000 gross margin on its financial statements. Is the variable cost the $35 from the cost of unit sold
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Reflect on your learnings and write a summary
: Reflect on your learnings and write a summary of your learnings using no more than 300 words - How your views of effective business communication have changed
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What is the investing result
: If you begin with $1,750 of principal, what is the investing result after 3 years at a rate of 5.74% with semi-annual compounding
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How much is the non-controlling interest
: On that date, Malate had P2,500,000 of capital stock and P3,500,000 of retained earnings. How much is the non-controlling interest
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What was the size of the quarterly deposits
: At the end of 8 years, the fund had an accumulated value of $45,000. If the RRSP was earning 4.50% compounded monthly, what was the size of quarterly deposits
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How much money will you have in the account
: If you deposit $5,050 at the end of each of the next 20 years into an account paying 10.8% interest, how much money will you have in the account in 20 years
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What promotional services are offered at your workplace
: What customer loyalty programs are used in this industry? Describe how these loyalty programs work and Discuss how customer databases are used in this industry
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How much will she be able to withdraw each month
: Olivia will have $400,000 set aside for retirement in an IRA that earns an APR of 5.4%. How much will she be able to withdraw each month
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What is the current value of the bond
: A bond with a nominal value of shares ksh.100 issued four years ago has six years to maturity. What is the current value of the bond
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