PLEASE help with 3 consumer math questions?!?!?! 10 points i promise!!!!?
16. You invest $4,000.00 for six months at a 4.25% APR. How much interest will you earn? (1 point) $850.00 $85.00 $102.00 $1,020.00 17. If you have 12% withheld for federal taxes, 7% for state taxes, and FICA is 7.65%, how much are your involuntary withholdings in all if your gross pay was $1,375.00 and your net income was $725.00? (1 point) $650.00 $193.21 $366.44 $283.56 18. Your original purchase price was $950.00 plus 5% sales tax. You enter into an agreement where the interest (12.5% APR) is waived for the first 12 months provided you make the required monthly payments; otherwise the interest is accrued from the date of purchase. You missed the first payment due date. The late fee is $35.00. How much is the interest? (1 point) $118.75 $10.39 $9.90 $124.69
Accounting/Finance help! How did they find the answer in this problem?
The 110,000 is the semi annual interest payment, based on the coupon or face rate of 11% on 2.0 mil. But the market rate of 10% determines the selling price. You need to get the PV of the bonds face amount plus the PV of the Annuity amount of 110,000, both based on 30 compounding periods. The PV of 2.0 mil, its FV, to be paid in 15 yrs, at market rate of 5% for 30 periods, is 462,755. The PV of an Ordinary Annuity of 110,000 (since it's paid at the end of the 6 mo. period, not the beginning), also at 5% for 30 periods, is 1,690,970. Combined PV (its Selling price) is 2,153,725.
Can someone help with this "Present Value" related question?
A couple wants to set aside sufficient money for their daughter to attend college. The cost of college is expected to be $6000 a year. How much money would need to be placed, today, in an account which pays 12 percent simple interest, in order for the interest from the account to be sufficient to pay the annual cost of attending college?
Why are American families becoming so dysfunctional, in your view?
Everything from economics to geographical distances and personal interests have eroded families in the United States to the point that we can't seem to stand our immediate family or cousins. These factors, compounded by disagreements, personality conflicts, and misunderstandings seem only to add to the permanent dysfunctional condition.
Do accounting students need to be good in math? I love numbers like multiply, plus or minus numbers and I also like statics but I sucks at linear equation or anything math calculate that combine alphabet and number.
The fundamentals of accounting only require basic math skills - adding, subtracting, multiplying and dividing, and most of this is done with calculator, spreadsheet, and accounting system, so learning to use those tools will be essential. Accounting is more about rules of organizing the money flows of an enterprise in common and consistent ways to help management and stakeholders understand the financial condition and performance of the enterprise at any point in time.More advanced accounting (past bookkeeping) does involve more complex mathematical concepts that will involve some algebra. Again there are software tools and spreadsheet functions that perform most of these calculations in real life, but you will have to do them long-hand in school so you understand the mechanics. At least I did. But don’t worry too much about that. I wasn’t a great math student for most of my education. The abstract and repetitive problems of math class held little interest for me. But once I was working on problems that were concrete and dealing with money, my motivation and therefore competence improved.When you think about a simple investment such as a certificate of deposit, questions of simple interest vs compound interest earnings will lead you to down the path of higher math. Simple interest is just straight multiplication. You can do the same with compound interest as well, but you could also learn an equation that really speeds things up. In practice you will use spreadsheet functions that do most of the heavy lifting, but you will need to understand the underlying math. Never be afraid to push yourself to learn more.
(Opinion) Would you rather enjoy life while you are young and have a mediocre job your whole life, or work long hours while you are young (not much of a social life) resulting in a better job and having more free time when you are older? And why?
That's all depend on one's upbringing and a mentor. Looking back in my life, I have a very active life during my younger years. After graduating from college, I did find jobs, but spend all my money every payday. I don’t have saving plans. I got bored and apply to work overseas thinking more money will come. I stayed one year in Kuwait and went back home. The weather is too hot over there and I cannot eat pork. I missed home cook meals. I traveled to Egypt and see the pyramids. Back home found a good paying jobs as Electroencephalograph technician, got married, did not work out as expected, then migrate to Australia. In short, I would not changed my life a bit in the past. I enjoyed it. Sure, if I saved money, maybe I will have some stash of cash on my late 30′s, but I will missed a lot of good times.
What are the best sites to practice aptitude and logical reasoning questions?
Practising of aptitude and logical reasoning should be like a habit for every person because it will give u so much knowledge and helps you to improve your numerical ability and give you problem solving techniques fluently.There are so many websites to learn aptitude and reasoning but only few websites will provide online mock tests.Online mock test are very important because everyone can learn easily by attempting mock tests.I will give you one website which can provide online mock tests to learn aptitude reasoning.This website will provide :1.MATERIALS2.DEMO QUESTIONS3.MOCK TESTSThey important 14 topics of aptitude are:1.Percentages2.Number System3.Boats and Streams4.Ratio and Proportions5.Probability6.Averages7.Permutation and Combination8.Time Speed and Distance9.Ages10.Time and Work11.Partnership12.Simple Interest and Compound Interest13.Profit and Loss14.H.C.F and L.C.MThe important 12 topics of reasoning are:1.Calendars2.Clocks3.Blood Relations4.Letter Series5.Coding And Decoding6.Number Series7.Directions8.Statement-Assumptions9.Data Sufficiency10.Analogy11.Cubes And Dice12.Seating ArrangementsSo put effort and gain knowledge.