Personal Finance Question! ?
Can anyone help me with this question? I'd like to know how to get the answer, so can you guys please explain also if you dont mind? An investor purchased a bond for $953 on January 2, 1997. The bond has a face value of $1,000 and a stated interest rate of 6.85 percent. It matures on December 31, 2016. The yield to maturity on this bond is percent. a. 6.85 b. 6.92 c. 7.19 d. 7.26
Personal Finance Questions?
1. If he gets the annual deductible even when he is maxed at $1000 out-of-pocket then its 20% of $800 which is $160. 2. Yes you would. Julie with no dependants and being a student would obviously have debt for school fees and books etc. IF the life isurance also covers terminal illness and or disability then it will cover those debts in the event that she have a serious accident.
Please help me with this Personal Finance question/ how do I do this?
Estimating Savings. Julia bring home $1,600 per month after taxes. Julia's rent is $350 per month. her utilities are $100 per month, and her car payment is $250 per month. Julia is currently paying $200 per month to her orthodontist for her braces. If Julia's groceries cost $50 per week and she estimates her other expenses to ne $150 per month, how much will she have left each month to put toward savings to reach her financial goals? How do I get started on this question, how do I solve this? Please help, i'm confused. Thank you
Personal Finance and investing question! ?
6.85% Of 1000 = 68.50 Yield = 68.5/953 = 7.19%
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So confused on personal finance question, please help!!!?
The simple way of doing this is to ignore interest and just say you need another $15,000, you have 5 years to save up this much, therefore you need to save $3,000 a year or $250 a month. Put that away where it will earn interest and you're going to need to save less, but as I said I'm ignoring interest to keep it simple. That's less than a tenth of gross salary so it should be affordable. I assume your teaching specialism isn't math!