e slog to earn, but a very few understands the potential of their hard earned money". Suppose you are a financial planner and your one of the customer of age 32 who is married, have one kid of 5 year and working as an Assist
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- Jing, a recent engineering graduate, never took engineering economics. When she graduated, she was hired by a prominent engineering firm. The earnings from this job allowed her to deposit $1000 each quarter into a savings account. There were two banks that offered savings accounts in her town (a small town!). The first bank was offering 5.0% interest compounded continuously. The second bank offered 5.125% compounded monthly. Jing decided to deposit in the first bank because it offered continuous compounding. Did she make the right decision?Shonta started a graphic design firm a year ago.The business has done well, but it needs a lotmore equipment, computers, and employees tocontinue expanding. Shonta thinks she can getall the money she will need from her bank. Whatadvice might you give to her?a. She is right—the bank is likely to lend her asmuch as she needs because banks primarilyfocus on supporting small businesses.b. She is crazy—banks do not lend money tosmall businesses but only to well-known,well-established organizations.c. She should sell her business immediatelybefore it fails because most small businessesfail during the first five years.d. She should not accept any new clients sothat she can end the need to add additionalequipment and employees.e. She should consider alternative sources offinancing because banks provide only a portion of the total capital to small businesses.Assume you wrote up a proposal requesting $5000 for charity. The money would be used to buy food that volunteers (employees from the company) would distribute to the homeless on Saturday. The proposal is approved and you receive the money. However, the CEO comes to you and asks, "What will be the return on the investment?" How would you reply?
- Molly Lincoln, a 25-year-old personal loan officer at First National Bank, understands the importance of starting early when it comes to saving for retirement. She has committed $3,500 per year for her retirement fund and assumes that she'll retire at age 65. How much will Molly have accumulated when she turns 65 if she invests in equities and earns 8 percent on average? Round your answer to the nearest dollar. Molly is urging her friend, Isaac Stein, to start his plan right away, too, because he's 45. What would his nest egg amount to if he invested in the same manner as Molly and he, too, retires at age 65? Round your answer to the nearest dollar. 2a. Nest egg at 4% 2b. Nest egg at 8%a). Akua intends to save 1,000 a year for her retirement until she is 55 years old, at this age, she will stop paying into the account, though she will retire at 65. If the retirement account earns 10% interest per year, how much will Akua have saved at age 65? She is 35 years at the moment. b). Financial markets and its institutions are seen as the central nervous system of an economy and must be regulated at all times. Discuss the key roles played by financial markets, and outline two (2) reasons why they must be regulated. c). Explain the difference between money market and capital market and mention two (2) securities traded in each of these markets. d). MTN was able to raise only GH¢1.15billion out of the expected GH¢3.48billion from its Initial Public Offering which lasted from May 29, 2018 to July 31, 2018. Even though the share sale exceeded the minimum of GH¢348million or 10 percent of the total required for the offer to be declared successful, it still represented only 32.97…Molly Lincoln, a 25-year-old personal loan officer at First National Bank, understands the importance of starting early when it comes to saving for retirement. She has committed $4,000 per year for her retirement fund and assumes that she'll retire at age 65. How much will Molly have accumulated when she turns 65 if she invests in equities and earns 10 percent on average? Round your answer to the nearest dollar. Molly is urging her friend, Isaac Stein, to start his plan right away, too, because he's 40. What would his nest egg amount to if he invested in the same manner as Molly and he, too, retires at age 65? Round your answer to the nearest dollar. 2A. Nest egg amount at 4% 2B. Nest egg amount at 10%
- Your 13-year old cousin knows that you are in college and learning corporate finance. She is very interested in knowing about the time value of money and tells you: “Cousin, I want to be a millionaire and learn everything about the time value of money. I need you to explain some concepts that I read on the internet, but I don’t quite understand. Answer the following questions: What is compounding and discounting? What is the difference between them? Furthermore, why should I be willing to invest in the promise that I will receive a future payment? Does the answer depend on who is making the promise?"Consider the case of Lola Clara. When she was 24 years old, her Papa gave her PHP50,000. She was very happy and was immediately planning on spending the money. However, before she could spend the money, her Mama taught her the importance of saving. Not wanting to disappoint her Mama, she invested her money in a bank time deposit with an interest rate of 5% at that time. Lola Clara became a very successful career woman, but she somehow forgot that she placed PHP50,000 in the bank. She suddenly remembered and was shocked at what had happened to her money after 50 years. It is now valued at P573,369.99 What do you think happens to money through time if you A. Keep it at home B. Save it in the bank C. Invest it (Answer all these three on your essay) Do you think the story of Lola Clara is something that is possible to happen in real life? Why or why not? If you were Lola Clara, what would you do with your P50,000? Would you spend, save or invest it? Why?Jimmy recently graduated from medical school and is working for a hospital system. He is not worried about his medical school debt because it is relatively low compared to his income, but he would like to begin saving and investing for his children's college education, his retirement, and the purchase of a family home. He is also concerned about protecting his family financially if something were to happen to him. Which of the following financial professionals would be the best option for Jimmy? Question 8 options: Stockbroker. Insurance agent. Certified Financial Planner® Accredited Financial Counselor.
- Phoebe Jones is now employed as the managing editor of a well-known business journal. Although she thoroughly enjoys her job and the people she works with, what she would really like to do is open a bookstore of her own. She would like to open her store in about eight years and figures she'll need about $ 60,000 in capital to do so. Given that Phoebe thinks she can make about 8 percent on her money. How much would Phoebe have to invest today, in one lump sum, to end up with $60,000 in eight years? Round the answer to two decimal places. $_________________ If she's starting from scratch, how much would she have to put away annually to accumulate the needed capital in eight years? Round the answer to two decimal places. $ __________________ How about if she already has $20,000 socked away, how much would she have to put away annually to accumulate the required capital in eight years? Round the answer to two decimal places. $___________________ Given that Phoebe has…Marisa Gale, a 30-year-old personal loan officer at Second National Bank, understands the importance of starting early when it comes to saving for retirement. She has designated $2,500 per year for her retirement fund and assumes she'll retire at age 65. QUESTION. NO 1.How much will she have if she invests in CDs and similar money market instruments that earn 4 percent on average? Round your answer to the nearest dollar. NO 2.How much will she have if instead she invests in equities and earns 8 percent on average? Round your answer to the nearest dollar. NO 3. Marisa is urging her friend, Nolan Ransom, to start his plan right away because he's 35. What would his nest egg amount to if he invested in the same manner as Marisa and he, too, retires at age 65? Round your answer to the nearest dollar. Nest egg amount at 4% = Nest egg amount at 8% =John decided to leave his job and open a bookshop in the city center. He was working as an engineer before and getting an annual salary of $70000. For the bookshop he paid $40000 for his worker, $30000 for rent, $20000 for utilities. He used his savings that was equivalent to $120000 at an interest rate of 7%. He bought all the books that he planned to sell by his savings. If he opens his bookshop in mall rather than city center his profit was predicted to be $50000. At the end of the first year his revenue from sales was identical to $420000. For John Calculate the total profit/loss.
