3. Carole is paid a monthly salary of $2011.10. Her regular workweek is 35 hours. (a) What is Carole's hourly rate of pay? (b) What is Carole's gross pay for May if she worked 7-hours overtime during the month at time-and-a-half regular pay?

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A: Solution:- Loan is the amount of money borrowed from a financial institution or from an individual…

Q: Problem: A debt of P15, 000.00 was paid for as follows: P4, 000.00 at the end of 1 month, P5,000.00…

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A: Future Value = $200,000 Time Period = 20 Years Interest Rate = 24% per year compounded monthly.

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A: Car Cost = $8,200 Down Payment = $800 Time Period = 60 Months Monthly Payment = $179.99

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A:

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A: Given: Monthly payment = $62.25 Interest rate = 24% Years = 3

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A: Discount rate is interest rate on the amount and is the value of tomorrow money to be received now.…

Q: Initial stock price $75.00                         Expiration Date Strike Price Call Price Put Price…

A: Stock Price is $75 Exercise Price is $65 and $85 Call Premium with strike price $85 is $3.54 Put…

Q: A computer with software costs $2,918, and Catherine Stevens has agreed to pay a 17% per year…

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Q: Suppose the real risk-free rate is 3.80% and the future rate of inflation is expected to be constant…

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A: A loan refers to the amount borrowed from one person to the other person in exchange for the…

Q: Lever Age pays an 10% rate of interest on $10.20 million of outstanding debt with face value $10.2…

A: a) Times Interest earned = EBIT/Interest expense =1.2 million/(10.20 million * 10%) =1.2…

Q: Initial Public Offering (IPO), Istar Enterprises Shares Issued 25,000,000 Price per Share, Initially…

A: Solution:- When a corporation issues stock for the first time i.e. in the primary market, it is…

Q: Find the amount at the end of 2 years and 7 months if 425000 is invested at 8% compounded quarterly…

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Q: Brad decides to purchase a $275,000 house. He wants to finance the entire balance. He has received…

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Q: On 2020-05-01, Eduardo buys a T-bill with a face value of $45,000.00 that matures on 2021-03-06. He…

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Q: A company has a $160,000 note due in 3 years. How much should be deposited at the end of each…

A: Solution:- When an equal amount is deposited at end of each period, it is called ordinary annuity.…

Q: oncito deposited P15,000.00 today and he deposited the same equal amount each month for the next 9…

A: The future value of the amount includes the amount being deposited and amount of interest being…

Q: Given an interest rate of 9 percent per year, what is the value at date t-6 of a perpetual stream of…

A: Interest rate (i) = 0.09 Annual payment (C) = $1200 Period from year 6 to 14 (n) = 8 Value at t6 = ?…

Q: On 2018-05-08, Muhammad and Priyanka each buy a Tbill with a face value of $4,000. 12-30. Muhammad…

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Q: You are considering an investment in a mutual fund with a 4% load and an expense ratio of 0.5%. You…

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Q: You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two…

A: Option 1; Annual salary = $77,000 Monthly salary (m) = $6416.66666666667 (i.e. $77000 / 12) Monthly…

Q: PROBLEM: what is the present equivalent value of BP's proposed payment schedule? GIVEN: F₁ = $3…

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Q: To secure the future of his son, a man plan to deposit P50,000 in a bank account every quarter for 5…

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Q: What are the annual sales for a firm with $116,044 in total liabilities, a total debt ratio of 0.48,…

A: Solution: Sales refer to the amount earned by an entity from its operations.

Q: Net cost of investment is 100,000. Profitability index is 1.3 while cost of capital is 10%. Useful…

A: The profitability index is a measure that is used to evaluate the profitability of investment. It…

Q: Sam Strother and Shawna Tibbs are vice-presidents of Mutual of Seattle Insurance Company and…

A: Par Value = $1,000 Coupon Rate = 9% Time Period = 10 Years Current Price = $887.00 or $1,134.20…

Q: Fatima received a $49,800 mortgage that is amortized over 6 years. She negotiated a fixed interest…

A: A mortgage is a type of loan used for the purchase or maintenance of the real estate. The property…

Q: An annuity due has four payments, $2000 each. What's the present value of the annuity due at a 6%…

A: Annuity due is that annuity in which payments are made at the start of each period. This is in…

Q: Suppose you bought a 7 percent annual coupon, a 20-year bond last year when it was first issued. You…

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Q: As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI…

A: The loan can be paid by making monthly payments which are also called periodic payments. The monthly…

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A: NOTE: As per our policy, we only answer up to three sub-questions when multiple sub-questions are…

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A: Given:   Given Sales $7,500,000.00 Variable cost $3,750,000.00 Contribution $3,750,000.00…

Q: QWC 2016 $000 2017 $000 2018 $000 2019  $000 2020 $000 2021 $000 Current ratio 0.66…

A: QWC 2016 2017 2018 2019 2020 2021 Current ratio 0.66 0.58 0.96 0.92 1.06 0.83 Quick ratio 0.43…

Q: The first plan is to protect the reefs of Jaxaland by means of a marine park. The marine park…

A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…

Q: The purpose of a negative pledge on the borrower's assets in an unsecured bank loan agreement is to

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Q: As the rate of inflation increases, Group of answer choices interest rates decrease. purchasing…

A: Inflation refers to the increase in the price of goods and services in an economy, thereby…

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Q: . A fixed capital investment of P12M is required for a production plant and an estimated working…

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Q: You expect to have $12,000 in one year. A bank is offering loans at 5.5% interest per year. How much…

A: We are given  Future value=12000 Rate=5.5% no. of years=1 We will calculate present value in this…

Q: 1.2 Suppose UZALO and MUVHANGO are involved in a Heritage Day project. They need to hire two acting…

A: NPV=Cash flow/(1+r)^t-cash outflow So, it is the sum of present value of all cash inflows…

Q: Josh has an investment account with $50,000. If Josh earns 6% per year and contributes $400 each…

A: Future Value = Present Value * ( 1 + Intererst rate) time period