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ok t nces Your friend Amber has approached you seeking advice concerning two investment opportunities that she is presently considering. Her classmate Simone has asked her for a loan of $500 to help establish a small business; her neighbor Riley would like to borrow $515 as a personal loan. One year from now, Amber's original investment will be returned in either case, along with $45 of income from Simone or $48 of income from Riley. Amber can make only one investment. Required: a. 1. Compute the ROI of Simone and Riley. 2. Which investment would you advise Amber to make? b. What other factors should you advise Amber to consider before making either investment? Complete this question by entering your answers in the tabs below. Req A1 Req A2 and B Compute the ROI of Simone and Riley. Note: Round your answers to 2 decimal places. Simone Riley ROI % % Show less A

Assignment - 11. Quiz: Savings Accounts ASSIGNMENTS COURSES SECTION 1 OF 1 QUESTION 2 OF 8 Attempt 1 of 1 1 4 7 8 <. Charlie invests $500 in a savings account with an annual interest rate of 12%. How much simple interest will he collect in 4 years? O 48 O 120 240 O 420 NEXT QUESTION O ASK FOR HELP TURN IT IN Type here to search

3SP MAT1060NL04 Math Applications Question 5 dy S You deposit $500 each month into an account earning 6% interest compounded monthly. a) How much will you have in the account in 35 years? S MyOpenMath c) How much total interest will you earn? Question Help: Video 1 Submit Question Video 2 Search H

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< CO T R E # 3 Problem Set 1: Finance Progr Score: 19.8/50 8/20 answered Question 15 You want to be able to withdraw $35,000 from your account each year for 25 years after you retire. You expect to retire in 15 years. If your account earns 6% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? 24 Question Help: D Video Submit Question MacBook Air 08 F3 DD F2 F4 F5 F8 & $ 2 5. M

Question Help ▼ You plan to deposit $800 in a bank account now and $500 at the end of the year. If the account earns 3% interest per year, what will be the balance in the account right after you make the second deposit? The balance in the account right after you make the second deposit will be $ (Round to the nearest dollar.) Enter your answer in the answer box.

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Question 4 answered Suppose you want to have $500,000 for retirement in 30 years. Your account earns 8% interest. a) How much would you need to deposit in the account each month? $ b) How much interest will you earn? S Question Help: Submit Question > Video Search

MATTILMATICAL ASSOCIATION OF AMERICA ple and Compound Interest / 12 Previous Problem Problem List Next Problem HW 20 Simple and Compound Interest: Problem 12 (2 points) In 6 months, Alex will need $1,530.00 to pay her college tuition. How much does she need to invest today into an account earning an an interest rate of 6.392% compounded monthly, so that she has enough money to pay her tuition? The amount Alex needs to invest is (Note: Your answers should include a dollar sign and be accurate to two decimal places) Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. Page generated at 05/04/2024 at 02:42pm EDT WeBWorK 1896-2022 theme: math4-green | ww.version: 2.171pgersion 2.17 The WaßWork Project

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Part 1: Data Tables You have decided to start saving for retirement. You plan to work for 35 years and then retire. Requirements: Complete each requirement on a separate worksheet. 1. Calculate the amount of money that will be in your Roth IRA account when you retire if you: a. Save $3,500 at the end of each year. b. Earn 7% interest each year. c. The answer to requirement I must be calculated using a single formula. 2. Create a one-input Data Table that calculates the value of your Roth IRA when you retire if the annual savings amount is different than $3,500 per year. a. Use the following annual end of the year annual savings amounts as the column data in the Data Table: $500, $1,000, $2,000, $3,000, $3,500, $4,000, and $5,000. b. The annual interest rate is still 7% each year. 3. Create a two-input Data Table that calculates the value of your Roth IRA when you retire for different annual interest rates and different annual savings amounts. a. Use the following annual interest rates…

Goal To use recursive sequence to determine the amount money owed on a loan after months Role You are a loan officer at a mortgage company. Audience Jim and Joan Miller are customers applying for a mortgage. Situation Jim and Joan Miller are borrowing $120,000 at 6.5% per annum compounded monthly for 30 years (360 months) to purchase a home. Their monthly payment is determined to be $758.48. Performance Task You need to present Jim and Joan with a report detailing the following: • Arecursive formula for their balance after each monthly payment has been made. • To do this, use the formula: a, = an-1 (1+r) – 758.48 A determination of Jim and Joan's balance after the first payment. Don't forget the interest affecting their payment! • Use a spreadsheet or graphing utility to create a table showing their balance after each monthly payment. • Determine when the balance will be below $75,000. • Determine when the balance will be paid off. • Determine the interest expense when the loan is…

Suppose you want to have $700,000 for retirement in 20 years. Your account earns 7% interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn? S Question Help: Video Submit Question Q Search hp H

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You want to be able to withdraw $30,000 from your account each year for 30 years after you retire. You expect to retire in 20 years. If your account earns 8% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? Question Help: DVideo 1 D Video 2 Submit Question