Your new job offers a savings plan that pays 0.25 percent in interest each month. You can't participate in the plan, however, until you have 9 years with the company. At that time you will start saving $200 a month for the next 22 years. How much will you have in this savings account in 31 years? Round your answer...
Your new job offers a savings plan that pays 1.00 percent in interest each month. You can't participate in the plan, however, until you have 8 years with the company. At that time you will start saving $550 a month for the next 28 years. How much will you have in this savings account in 36 years? Round your answer...
Hi please provide formulas used. Thanks :) Your new job offers a savings plan that pays 0.75 percent in interest each month. You can't participate in the plan, however, until you have 10 years with the company. At that time you will start saving $450 a month for the next 29 years. How much will you have in this savings account...
What David Ricardo saw was thát it could still be mutually beneficial for both countries to specialize and trade COUNTRY WHEAT WINE England (270) man hours) Portugal (180 man hours 15 10 30 15 BEFORE TRADE (i.e. NO TRADE, or AUTARKY) COUNTRY WHEAT WINE England (270) man hours) Portugal (180 man hours) TOTAL COUNTRY WHEAT WINE England (270) man hours)...
Mary B deposits $8500 into a savings account, compounded monthly at a nominal interest rate of 9 percent, as part of a savings plan that she would like to undertake in 5 years.1) What is the effective interest rate per annum?2) How much money would she have saved after 5 years?3) Mary has an an emergency at the end of...
Find the expected value of a $1 bet in six-spot keno if three winning spots pays $1 (but you pay $1 to play, so you actually break even), four winning spots pays $3 (but you pay $1 to play, so you profit $2), five pays $100, and six pays $2,600.
First City Bank pays 8 percent simple interest on its savings account balances, whereas Second City Bank pays 8 percent interest compounded annually. If you made a $61,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 8 years? (Do not round intermediate calculations and round your answer...
First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually If you made a S$57,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 10 years? (Do not round intermediate calculations and round your answer...
What might be the savings goal for a person who buys a five-year CD paying 4.67 percent instead of an 18-month savings certificate paying 3.29 percent?
Lyon, Tigah, Barry, and Dorthe each borrow $3,500 and plan to pay it back over 2 years at 7% interest. 3. , What is the total interest that each one pays over the life of the loan if the interest rate is compounded quarterly? [20] .Lyon pays back his loan in one payment at the end of 2 years. "...
Pro Forma Income by Month Teal Month 2 Month 3 Month 4 Month Month 6 Cost of oods sold (15) Total COG: Gross Profit-Tot Sales Tor COGS Operating Expenses: Rent/Mort Start Up Costs Total Operating Exp: Net Operating Profit Gross Profit - Tot Operating Exp Recurring Expenses 5000 Sales Projections for 6 months Period Revenue Month 1 $14,000 Month 2...